EURUSD hits new 5-month high; bears risk extension towards strong supports at 1.1709/1.1675
The Euro hit new five-month low in Asian session on Wednesday, in attempts to extend strong fall of Tuesday when the pair was down almost 1% and fully retraced 1.1822/1.1996 corrective upleg.
Stronger dollar, driven by rising US 10-y…
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USDTRY hits new record high; eyes significant barrier at 4.50
The USDTRY hit new record high at 4.4623 on Tuesday in extension of steep three-day ascend from 4.22 (10 May trough).
Turkish lira remains in a free fall against strengthening US dollar, driven by US yields which hit the highest in over…
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USDJPY – eventual break above 200SMA signals bullish continuation
The USDJPY pair eventually broke above strong barriers at 110.00 (psychological / double upside rejection) and 110.15 (200SMA) and cracked Fibo barrier at 110.26 (61.8% of 113.74/104.63 descend) on fresh acceleration of US dollar on rising…
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EURUSD – bearish bias strengthens on acceleration below thick 4-hr cloud
Strong acceleration lower in the mid-European session confirms Euro’s bearish stance, as dollar rallies on higher US yields.
Fresh weakness broke below 4-hr cloud base 1.1906 and cracked next pivot at 1.1888 (Fibo 61.8% of 1.1822/1.1996…
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WTI OIL – bullish tone is boosted by geopolitical tensions and reduced production
WTI oil price returned above $71 on Tuesday and probes above Monday's high at $71.23, posted after strong rally from two-day correction low at $70.25.
Fresh bullish sentiment on escalation of tensions in the Middle East and stronger than…
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GBPUSD slightly higher after mixed UK data but remains within larger range
Cable bounced some 30-pips from session low at 1.3523 after UK data and looks to catch fresh bid.UK average earnings missed forecast (2.6% in Mar vs 2.7% f/c and 2.8% previous) and jobless claims unexpectedly jumped to 31.2K in Apr vs 13.3K…
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GBPUSD eyes UK data for fresh direction signals
Cable remains within extended range after upside attempts on Monday stalled on approach to range top (1.3617), staying in directionless mode for the second week.
Signals from technical studies are still mixed as momentum continues to…
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USDJPY attacks 110 barrier for the third time
The pair attacked 110 barrier again on Tuesday, but so far unable to break higher. Bullish bias remains in play as bull-trendline off 104.63 low continues to track advance and contained corrective dips, with daily MA's in bullish…
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EURUSD at the back foot on stronger dollar; EU data eyed for fresh signals
The Euro stands at the back foot on Tuesday as dollar strengthens on fresh rise on US bond yields, supported by easing in trade tensions between the US and China.
The EURUSD dipped to strong support at 1.1910 (4-hr cloud base / 50%…
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USDTRY – another negative release from Turkey keeps lira under pressure for retest of 4.3741…
The USDTRY pair extended recovery on Monday to 4.35 but was so far unable to hold gains and fell back to 4.30 zone.
Footstep was found at 4.30 zone and this could be a base for fresh extension higher.
Friday's strong recovery rally from…
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