Turkish lira hit new historical low and may fall further if CBRT doesn’t hike
The USDTRY hit new record high at 4.5643 in early trading on Monday, extending steep upleg from 3.7153 (2018 low), as the pair advanced nearly 19% since the beginning of the year.
Another easy break through psychological barrier…
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COPPER rallies on easing concerns about US/China trade war but gains were limited so far
Copper rose on Monday on easing concerns about US / China trade war, but recovery was so far limited by strengthening US dollar.
Fresh rally today pared losses of last Friday when copper dipped to $3.0545 and briefly probed below daily…
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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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