USDJPY – downside remains at risk after strong US GDP data showed mild impact on dollar
The pair spiked to new marginally higher 11-week high at 109.53 after US data on Friday, but gains proved to be short-lived.
Subsequent easing brought the price back to the mid-point of consolidation range (109.06/53).
Stronger than…
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GBPJPY – close below cracked daily cloud top / Fibo 38.2% support would be strong bearish…
The cross was sharply lower on Friday, driven lower by downbeat UK GDP data, losing 1% for the day so far.Strong bearish acceleration penetrated thick daily cloud (spanned between 150.79 and 148.31), as cloud top contained previous attack…
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AUDUSD – limited recovery attempts on Friday keep bears firmly in play
The Aussie moved slightly higher after hitting ne low at 0.7532 on Friday (the lowest since early Dec), but without signs of stronger recovery for now.
Limited upside action keeps bears firmly in play and signals further easing for…
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Sterling falls further after downbeat UK GDP data
UK GDP fell below expectations in Q1, as markets feared such outcome on bad weather that hit Britain in early 2018, but this is just a part negative factors that impacted UK economy.
Data released today showed that UK economy grew at its…
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USDJPY holds within narrow consolidation; bulls remain intact above broken 100SMA
The pair holds firm on Friday and extends consolidation under new recovery high at 109.46 (weekly 100SMA) and showed no reaction on BoJ's policy decision, released earlier today.
The central bank kept policy steady but removed timeframe…
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GBPUSD holds firmly in red and could fall further on GDP miss
Cable extends weakness below thin daily cloud, signaling continuation of steep downtrend from 1.4376 (post-Brexit recovery high) after Thursday's action showed indecision and held within cloud.
Bears pressure immediate support at 1.3868…
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EURUSD – bears eye psychological 1.20 support / 200SMA
The Euro remains in red in early Friday's trading and hit new lows in over four months, in extension of strong bearish acceleration in past two days.
Two long red candles of past two days and Thursday's one with long upper shadow, weigh…
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SPOT GOLD – bearish bias under daily cloud
Gold remains at the back foot on Thursday as recovery attempts following previous day's fall were limited and capped by daily cloud base ($1325) and subsequent weakness shifts near-term focus lower.Bearish bias remains intact and showing…
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AUDUSD – bears take a breather before final push towards 0.7500 target
The Aussie holds in narrow consolidation on Thursday, following fresh extension of steep downtrend on Wednesday, which hit new multi-month low at 0.7651.
Bearish setup of daily MA's and negative momentum studies keep the pair under…
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WTI OIL recovers on renewed concerns about US sanctions against Iran
WTI oil ticked higher on Thursday, boosted by renewed fears of US re-imposing sanctions against Iran, which would further tighten global oil supplies.
In addition, drop of oil production in Venezuela on economic and political uncertainty,…
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