SPOT GOLD – 10SMA to cap consolidation and keep bearish bias
Spot Gold moved higher in European session and retested session high at $1297, posted in early Asian trading on Monday supported by softer dollar.
The yellow metal was down around $16 in past two days, with stronger acceleration lower seen…
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WTI OIL – consolidation is expected to precede fresh weakness; daily cloud top to cap upticks
WTI oil price is slightly higher in early hours of European trading on Monday after dip in Asia found footstep just above last Friday’s low at $65.49 (also 50% retracement of $58.06/$72.89 bull-leg, supported by 100SMA at $65.31).
Oil…
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USDJPY recovery faces strong headwinds from 20SMA barrier
The pair faces headwinds from strong 109.75 barrier (20SMA / daily Kijun-sen / 50% retracement of 111.39/108.11 bear-leg) in early Monday’s trading.
Strong post-US data rally on Friday stalled here and today’s renewed attack was capped,…
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EURUSD needs close above two-day congestion top to generate stronger bullish signal
The Euro holds positive tone in early Monday’s trading and probes again above cracked pivotal barriers at 1.1672 (10SMA) and 1.1695 (Fibo 38.2% of 1.1996/1.1509 bear-leg).
However, the pair is still holding within the range of past two…
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GBPUSD – recovery may extend after break above 10SMA
Cable stands at the front foot at the beginning of the week and broke above Fibo barrier at 1.3362 (38.2% of 1.3617/1.3204 bear-leg) after Friday’s trading closed above 10SMA (1.3332) and generated bullish signal.
Repeated close above…
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AUDUSD extends through pivotal 0.7605/12 pivots after stronger than expected data
The Aussie dollar advanced strongly in Asia on Monday, driven by upbeat data. Australian corporate profits rose by 5.9% in Q1, beating forecast for 3.0% rise, while retail sales were up 0.4% in April vs 0.2% forecast.
Better than expected…
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Upbeat May US jobs data further boost June rate hike expectations and support dollar
US jobs data surprised higher in May. Non-Farm payrolls rose 223K, beating expectations for 188K rise, while previous month’s figure was revised lower to 159K from initial 164K release.
Average hourly earnings, one of closely-watched…
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SPOT GOLD – extended directionless mode and narrowing range ahead of US jobs data
Spot Gold trades within extended triangular consolidation with tight range on Friday, in expectation of US jobs report which is expected generate stronger direction signal.
The price is holding between converging 10SMA ($1297)…
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WTI OIL – rising daily cloud continues to limit downside attempts but outlook remains negative below…
WTI oil price moved higher on Friday after falling 1.7% previous day as report of further rise in US oil production offset positive impact from a massive draw in US crude inventories (3.6 million barrels vs forecasted draw of 0.4…
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AUDUSD at the back foot on renewed trade war fears; US jobs data expected to provide clearer…
The Aussie dollar dipped to session low in Asia on Friday after previous day’s upside attempts stalled under strong 0.76 zone barrier.
Renewed fears about trade war as the US imposes new tariffs on imported steel and aluminum kept…
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