WTI OIL – downside remains vulnerable despite quick bounce after Wednesday’s post-data…
WTI oil stands at the back foot on Thursday and keeps the downside vulnerable. The price spiked to new low at $63.71 after surprise build in crude stocks on Wednesday (EIA report showed crude inventories rose by 1.6 million barrels vs…
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AUDUSD consolidate above weekly cloud base; falling 10SMA to cap upticks before bears resume
The Aussie dollar is slightly higher on Thursday, in consolidation above weekly cloud base (0.7641) which contained strong fall in past two days.
Tuesday's outside day and fresh extension lower on Wednesday continue to weigh, along with…
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USDJPY consolidates under fresh recovery high; bullish n/t structure to remain intact while above…
The pair is consolidating under fresh recovery high at 107.01 on Thursday, after previous day's strong rally when dollar was up 1.5% against yen, on the biggest one-day rally s since 15 June 2017.
The structure on daily chart improved…
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EURUSD stands at the back foot after heavy looses on Wednesday, risks bearish extension towards key…
The Euro traded within 30-pips range on in Asia / early Europe on Thursday, consolidating after previous day's strong fall.
Extension of pullback from 1.2476 (Tuesday's peak) found footstep at 1.2300 (Fibo 76.4% of 1.2241/1.2476 upleg) but…
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GBPUSD – bears tested strong support at 1.4040; UK GDP / CA data in focus for fresh signals
Cable extends lower in early hours of European session on Thursday after consolidating losses of past two days in Asia.
Fresh weakness cracked strong support at 1.4040 (bull-channel support line / Fibo 38.2% of 1.3711/1.4244 rally) and…
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EURUSD – bearish signal on penetration of daily cloud
The Euro holds bearish near-term bias and penetrates daily cloud after upbeat US GDP boosted dollar.
Extension through cloud top (1.2370) retraces 61.8% of 1.2241/1.2476 upleg and cracked converged 10/20/30SMA's at 1.2340.
Close in the…
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USDJPY – bullish acceleration on upbeat US GDP cracks pivotal 30SMA barrier
The pair surged above 106 barrier and cracked pivotal barrier at 106.30 (falling 30SMA), as dollar rallied across the board on better than expected US GDP data.
US Gross Domestic Product rose by 2.9% in the last quarter of 2017, beating…
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USDTRY – bulls probe above 4.00 again after shallow correction
The USDTRY moved higher after shallow correction from new all-time high was contained by rising daily Tenkan-sen at 3.9550 zone.Fresh acceleration higher probes above psychological 4.00 barrier and looks for retest of last week's record…
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COPPER – the third long legged Doji signals extended directionless mode; overall structure…
Copper holds in directionless mode for the third straight day after Monday's downside attempts were strongly rejected at $2.9370 (the lowest since late Sep 2017), but subsequent recovery actions were limited, resulting in double long-legged…
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SPOT GOLD – bearish outside day was negative signal; extension of pullback pressures daily…
Spot Gold remains at the back foot on Wednesday and extended pullback from six-week high at $1356, pressuring strong supports at $1337/36 zone (top of thick daily cloud / Fibo 38.2% of $1307/$1356 rally).
Tuesday's close in red which…
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