EURUSD cracks 1.19 support in fresh extension lower, helped by downbeat German / EU data
The Euro dented round-figure support at 1.19 in extension of fresh weakness which commenced in late Asian session and accelerated after downbeat German / EU data.
German factory orders fell 0.9% in Mar vs forecasted rise of 0.5%, while…
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USDTRY could extend rally above 4.30 as lira holds in very negative environment
The USDTRY regained traction and heads higher on Monday, after the pair quickly pulled back from new historical high at 4.2897.
Friday’s close in bullish candle with long upper shadow, which signaled strong upside rejection, did not impact…
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NZDUSD – rising downside pressure after 10SMA capped recovery
The Kiwi dollar remains at the back foot on Monday and extends weakness from last Friday’s high at 0.7052, where recovery attempt was capped 10SMA in steep descend.
Brief recovery off 0.6985 base (the lowest in 4 ½ months) where steep…
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SPOT GOLD – recovery attempts face strong headwinds
Gold price ticked higher on Monday and probed above falling 10SMA to peak at $1318, but gains proved to be short-lived for now.
The yellow metal is attempting to sustain recovery off $1300 zone, where 200SMA contained larger descend from…
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WTI OIL surges through psychological $70 barrier on concerns about US / Iran nuclear agreement
WTI oil held strong bullish mode at the beginning of the week and surged through psychological $70 barrier, hitting new 3 ½ year high at $70.67 on Monday.
The oil extends steep rally off $66.84 trough in the fourth straight day and…
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USDCHF establishes above parity and pressure strong barrier at 1.0037; caution on strongly…
The pair extends larger rally on Monday and pressures key short-term resistance at 1.0037 (01 Nov peak) after generating bullish signal on weekly close above parity level.
Full reversal of 1.0037/0.9187 fall would open way for further…
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AUDUSD – near-term risk shifts lower as recovery was capped by 10SMA
The Aussie dollar moved lower after receiving minor support from solid Australian business confidence data in Asia, as upside attempts were capped by falling 10SMA (0.7538).
This increases risk of three-day recovery stall, as Friday’s…
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USDJPY – break above 10SMA needed to generate bullish signal and sideline existing downside risk
The pair bounced back above 109 handle in early European trading on Monday and tests again pivotal barrier at 109.30 (10SMA), following repeated downside rejection at strong 108.70 zone (Fibo 38.2% of 104.63/110.03, reinforced by…
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GBPUSD – 200SMA is key; firm break lower to signal bearish continuation and neutralize risk of…
Cable probes again through cracked 200SMA (1.3537) in early European session on Monday, after overnight’s recovery attempts were short-lived.
Despite spike below 1.35 on Friday, the pair failed to clearly break below 200SMA and generate…
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EURUSD – negative outlook below 200SMA; close below 1.1936 Fibo support to confirm
The Euro stands at the back foot at the beginning of the week and probes through cracked Fibo support at 1.1936 (61.8% of 1.1553/1.2555 ascend) which held the consolidation in past few sessions.
Recovery attempts in Asia were…
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