COPPER extends weakness on Thursday; down nearly 2% as traders took profits on fears of escalation…
Copper was sharply lower on Thursday, extending pullback Wednesday's one-month high at $3.1460, being down nearly 2% for the day so far.
Investors fear from situation in Syria which could escalate and took profit from 2 ½ week rally from…
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SPOT GOLD pulls back on easing geopolitical tensions but keeps bullish bias
Gold price holds in red on Thursday and eases from new high at $1365 (the highest since 25 Jan), posted on Wednesday in strong safe-haven rally.Traders booked profits of strong four-day rally, as immediate threats of escalation of Syria…
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WTI OIL – geopolitical tensions keep oil price well supported; corrective dips seen as…
Oil price is consolidating under new high at $67.43 (the highest since early Dec 2014) on Thursday, following strong rally in past three days, when oil price advanced over 7.5%.
Escalating geopolitical risk on escalation of tensions in the…
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AUDUSD holds in extended consolidation under 100SMA but the downside was so far protected by 30SMA
The Aussie dollar holds in directionless mode for the second day, entrenched within narrow consolidation.
The downside is for now supported by sideways-moving 30SMA (0.7743), with 10/20SMA bull-cross forming and underpinning near-term…
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USDJPY on stand-by, awaiting news from Syria
The pair remains within tight range in early Europe and looking for fresh direction signals on news from Syria.
Falling thick daily cloud continues to cap upside attempts and weighs, but the downside was so far contained by rising 10SMA…
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GBPUSD remains bid despite reversal signals; 1.42+ extension needed to attract bulls, while return…
Cable holds bid in early Thursday's trading and offsetting so far the risk of reversal, following Wednesday's Doji with long upper shadow, which was formed after strong upside rejection of four-day rally at 1.4222 (20-d upper Bollinger…
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EURUSD in directionless mode on Thursday; mixed daily techs and focus on Syria
The Euro traded within 30-pips range in Asia on Thursday after failing to close above cracked 1.2376 pivot (Fibo 61.8% of 1.2476/1.2215 bear-leg) on Wednesday.
Four-day rally was rejected on approach to psychological 1.2400 barrier and the…
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XAUUSD – bulls remain firmly in play on geopolitical / trade tension
Gold price continues to trend higher and extends advance into fourth straight day on Wednesday, driven by rising safe-haven demand on geopolitical concerns and continuous trade tensions between the US and China.
The yellow metal gained…
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WTI OIL maintains firm bull tone ahead of EIA report / US CPI data
Oil price regained traction and hit new marginally higher two-week high at $65.89 on Wednesday, after brief pullback found footstep at $65.14.Oil price surged on Monday and Tuesday, gaining nearly 6%, on rally from $61.80 through which…
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AUDUSD holds in narrow consolidation after Tuesday’s rally; eyes key 100/200SMA barriers
The Aussie dollar stands at the back foot on Wednesday, consolidating above new recovery highs at 0.7768 after strong bullish acceleration on Tuesday eventually broke above two-week congestion.
Consolidation was so far shallow and…
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