WTI OIL – limited recovery keep oil price at the back foot; EIA crude stocks report in focus
WTI oil stand at the back foot in the mid-European session and moved lower after recovery attempts from Tuesday's low at $66.84 were capped by the base of 4-hr cloud (spanned between $67.55 and $68.02).
Fresh attempts to extend Tuesday's…
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AUDUSD – bears may extend consolidation before firmly breaking through cracked 0.7500 pivot
The Aussie dollar bounced above 0.75 handle and former key support which was broken on Tuesday, signaling that larger bears may take a breather before resuming.
Oversold conditions and slightly stronger momentum studies on daily chart also…
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USDJPY – bulls are losing momentum and may show stronger hesitation ahead of key 110…
Broader bulls are consolidating under psychological 110.00 barrier which was approached on Tuesday's rally to 109.88 (the highest since early Feb).
Barrier is reinforced by 200SMA (110.21) and firm break here would generate strong bullish…
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GBPUSD – negative signal on close below 1.3711 could extend bears towards 200SMA target;…
Cable is holding within narrow consolidation in early Wednesday's trading, after hitting new, marginally lower low at 1.3580 (the lowest since 12 Jan).
Sterling was down over 1% on strong bearish acceleration on Tuesday, which eventually…
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EURUSD is consolidating after cracking key 1.20 support zone; EU data and Fed rate decision eyed for…
The Euro returned above 1.20 handle in early Wednesday's trading, consolidating after suffering heavy losses in past two days.
The single currency was down 0.70% on Tuesday, on the biggest one-day fall since 28 Mar, as dollar continues to…
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GBPUSD – bears met target at 1.3711 but without break lower for now
Cable extended weakness on Monday and eventually tested target at 1.3711 on Monday, marking full retracement of 1.3711/1.4376 bull-phase.
The price bounced after touching 1.3711 target, signaling strong support, where bears may show…
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SPOT GOLD – fresh bears pressure $1315 base and could extend towards key supports at $1307/03
Gold price fell on Monday and fully reversed last Friday's recovery to $1325, as fresh weakness retested new five-week low at $1315, posted last Thursday.
Easing geopolitical tensions over Koreas, as peace talks progress, reduced demand…
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WTI OIL – deeper pullback seen on break below $67.10 base, but overall picture remains bullish
WTI oil holds in red at the beginning of the week and pressures pivotal supports at $67.10 base, where recent downside attempts were repeatedly rejected.
Oil price came under fresh pressure after report released late Friday showed US…
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AUDUSD holds in red on Monday and threatens to offset positive signals from Friday’s bullish…
The Aussie dollar accelerated lower on Monday and threatens to fully retrace Friday's recovery ( Friday's close was the first positive daily close after six straight days in red).
Better than expected Chinese Mfg / non-Mfg data on Monday…
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GBPUSD – bears eye target at 1.3711 and main bull-trendline at 1.3650
Cable stands at the back foot on Monday and pressures Friday's low at 1.3746, following narrow consolidation in Asia.
Friday's long bearish candle weighs, with negative sentiment being underpinned by weak GDP data which further diminished…
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