WTI OIL rises as positive sentiment on US / China deal and geopolitical risks underpin
WTI oil moved higher on Monday and hit session high at $71.86, boosted by improved global sentiment after US and China put looming trade war on hold.
Oil price remains supported by geopolitical risk, as implementation of the US sanctions…
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AUDUSD – close above 20SMA would generate bullish signal for extension towards key barrier at 0.7565
The Aussie dollar moved higher in Asian trading on Monday, benefiting from US – China trade news, but was unable to clearly break above falling 20SMA (0.7520) so far.
Stronger action could be anticipated after trading in past two…
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GBPUSD – strong bearish signal on break of 1.3451/42 pivots
Cable slid to new 2018 low on Monday, as fresh rally of the dollar (sparked by easing trade tensions between US and China and already boosted by higher US yields and expectations of more aggressive Fed) eventually pushed the pair below…
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USDJPY – fresh risk sentiment drives the pair to new four-month high
The pair establishes above 111 level in early Monday's trading after the US announced that US-China trade war is on hold. Tensions over bigger trade conflicts which shook markets in past couple of months eased, boosting risk sentiment which…
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BRENT OIL cracked psychological $80 barrier; eyes next target at $81.84
Brent oil holds firm tone on Friday and trading just under psychological barrier at $80 which was cracked on Thursday's spike to $80.48 (the highest since Nov 2014).
Oil prices remain supported by growing concerns about sanctions against…
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AUDUSD – negative outlook while falling 20SMA caps
The Aussie dollar stands at the back foot on Friday, with upside being repeatedly capped by falling 20SMA (0.7528) and fresh weakness probing through hourly cloud (0.7519/0.7497).
Initial bearish signal is generating on formation of…
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EURUSD holds in narrowing consolidation around 1.18 handle
The Euro trades within narrowing consolidation above new five-month low at 1.1763 and moving around 1.18 handle in early Friday's trading.
Mixed signals from momentum and MA's and oversold slow stochastic signal further consolidation.…
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GBPUSD – directionless trading extends
Cable remains within narrow range and holds in directionless mode for two weeks, lacking stronger direction signal.
Thursday's recovery attempts probed above 200SMA (1.3556) which marks pivotal barrier, but failed to close above and…
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USDJPY – bulls may extend to 112 zone after break of 110.87 Fibo barrier
The pair maintains firm tone and hit new four month high in early Friday's trading as extension of week-long bull-leg from 109.20, probed above strong Fibo barrier at 110.87 and cracked psychological 111 resistance.
Positive momentum and…
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COPPER – recovery attempts face strong headwinds from daily cloud top barrier
Copper extended recovery into second straight day on Thursday, but gains faced strong headwinds from significant barrier at $3.1033 (daily cloud top / Kijun-sen).
Price pulled back on fresh strength of the US dollar and concerns about…
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