WTI OIL – corrective dips seen as positioning for fresh rally
WTI oil is holding within tight consolidation range under new 3 ½ year high at $71.86 on Friday, taking a breather after strong rally during the week.
Oil price was boosted by US decision to pull out of nuclear deal with Iran which caused…
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AUDUSD – bullish signal on close above 10SMA for extension towards 0.7565/84 pivots
The Aussie dollar holds firm tone in early Friday's trading and looking for further upside after strong rally on Thursday completed Doji reversal pattern and generated bullish signal on close above 10SMA.
North-heading momentum adds to…
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USDJPY – bullish bias above 10SMA for renewed attack at 110 barrier and 200SMA
The pair remains biased higher and looks for renewed attack at key barriers at 110.00 and 200SMA (110.15) after bulls were repeatedly rejected at psychological 110 barrier on Thursday and subsequent pullback contained by 10SMA (109.40)…
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GBPUSD – negative signal on close below 200SMA but the pair remains within the range
Cable remains within choppy directionless mode which extends into sixth straight day on Friday, signaled by multiple long-legged Dojis.
Initial negative signal was generated on eventual close below 200SMA on Wednesday after recovery…
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EURUSD – the downside remains vulnerable after recovery failed to clear 10SMA; mixed techs…
The Euro eased below 1.19 handle in early European trading on Friday after trading within tight consolidation in Asia.
The dollar started to regain traction after being hit by soft US inflation data on Thursday, bringing the single…
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USDTRY extends pullback from new record high on expectations of CB’s action to stop…
The Turkish lira strengthened further on Thursday, extending bounce from new record low at 4.3741 (posted on Wednesday) to session high at 4.2265, retracing over 38.2% of USDTRY's 4.0294/4.3741 upleg.
Lira regained traction after Turkish…
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USDJPY eases from 110 on weak US CPI; 10SMA holds for now
The pair eased after touching 110 barrier on weaker than expected US CPI but dips were so far contained by 10SMA (109.38).Holding above 10SMA keeps bulls intact for renewed attack at psychological 110 barrier and another key barrier at…
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EURUSD extends recovery after US inflation miss; reversal pattern is forming on daily chart
The Euro extended recovery above 1.19 handle as dollar fell after US inflation miss on Thursday.
US CPI rose 0.2% in April, undershooting forecast at 0.3% while core CPI also fell below expectations (2.1% in Apr vs 2.2% f/c) which could…
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Sterling fell after BoE’s neutral hold in May but remains in directionless mode within…
Cable fell to 1.35 zone on bearish acceleration from session high at 1.3617, after Bank of England was in neutral hold in May's meeting.
The central bank kept rates unchanged as expected and previous meeting vote came in line with…
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WTI OIL rallied to new 3 ½ year high, boosted by escalation of tensions in the Middle East / strong…
WTI oil extends strong rally into third straight day on Thursday and hit new 3 ½ year high at $71.86.
Oil prices accelerated sharply higher this week after President Trump announced US withdrawal from nuclear agreement with Iran,…
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