WTI OIL remains weak after surprise build in oil inventories; EIA report eyed for fresh signals
WTI oil holds in red for the third straight day end extends lower on Wednesday, after accelerating below $65 in late Tuesday on surprise build of US crude inventories.
API report, released late Tuesday, showed unexpected build of crude…
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AUDUSD – fresh bearish signal on break below congestion floor
The Aussie dollar holds firmly in red on Wednesday and extends lower after strong fall on Tuesday, to hit new lows of over three months.News that China prepares a list of tariffs for US goods, increased pressure on Aussie.Today's fresh…
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USDJPY – downside remains vulnerable while falling 10SMA caps recovery
Recovery action from 104.63 low shows signs of stall after Tuesday's extension higher was strongly rejected at key double-Fibonacci barrier at 105.87 (Fibo 61.8% of 106.64/104.63 / Fibo 38.2% of 107.90/104.63 descend) and capped by falling…
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GBPUSD – bullish outlook above rising 10SMA
Cable holds in red in early Wednesday's trading and capped by the upper boundary of bull-channel.Double rejection at 1.4244 on Mon/Tue and Tuesday's bearish close signal double-top formation which could trigger further easing, as…
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EURUSD – pullback pressures key support – top of thick daily cloud
The Euro stands at the back foot on Wednesday and hit session low at 1.2383, just above key support - top of thick daily cloud.
Weaker than expected EU data on Tuesday and fresh strength of the greenback on easing fears about trade war,…
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SPOT GOLD – pullback on stronger dollar faces strong support from thick daily cloud top
Spot Gold pulled back from new high at $1356 (the highest since 16 Feb) on Tuesday, as fresh strength of the US dollar on hopes that stronger conflict between US and China regarding tariffs could be avoided, pressured yellow metal's price.…
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DOLLAR INDEX – base of thick daily cloud marks strong obstacle for fresh recovery rally
The dollar rallies on Tuesday, boosted by fading fears about trade war between the US and China. The dollar index accelerated from 88.50 zone where weakness of past three weeks found support and subsequent bounce signals formation of base.…
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EURUSD pulls back after repeated failure through upper Bollinger / Fibo barrier
The Euro eases from session high at 1.2476 after attempts through 20-d upper Bollinger band and Fibo 76.4% of 1.2555/1.2154 repeatedly failed.
Stronger dollar and weaker than expected EU Business Climate data helped fresh bears, but…
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Cable – fresh bearish acceleration leaves double-top and shifts immediate focus lower
Sterling was sharply lower in mid-European trading and reversed Monday's rally, as report released on Monday signaled easing tensions between US and China as two sides were negotiating to improve US access to Chinese markets, which boosted…
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AUDUSD – recovery attempts show signs of stall as falling 10SMA caps
The Aussie dollar moved lower after hitting marginally higher recovery high at 0.7757 in early Asian trading, unable to sustain probes above falling 10SMA (currently at 0.7740).
The pair returned to negative tone in early Tuesday's…
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