USDJPY – bullish outside day signals further recovery but falling MA’s continue to weigh
The pair ticked higher in extension of strong bounce on Monday and hit session high at 105.75, helped by fresh risk sentiment.
Recovery approaches initial barriers at 105.83/87 (falling 10SMA / Fibo 61.8% of 106.64/104.63), with downside…
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GBPUSD – bulls may hold in consolidation after repeated failure at new 7-week high at 1.4244
Cable eases in early European trading after folding within tight consolidation overnight and retested Monday's seven-week high at 1.4244.
The price is so far holding above broken bull-channel upper boundary and keeping immediate focus at…
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USDTRY consolidates under new record high; keeps bullish bias
The USDTRY pair eased from last Friday's fresh all-time high at 4.0359 but maintains firm tone on Monday after corrective easing found support at 3.95 zone, keeping intact initial support at 3.9458 (rising daily Tenkan-sen).
Fresh strength…
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EURUSD extends rally on fresh risk sentiment as trade war concerns fade
The Euro gained pace and surged through initial barriers at 1.2402/12 (Fibo 61.8% of 1.2555/1.2154 pullback / 14 Mar lower top), as fears about trade war started to fade, bringing risk sentiment back to play.
The single currency is in…
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COPPER – bears extend and look for test of weekly cloud top
Copper remains firmly in red at the beginning of the week and slid to new multi-month low at $2.9370 (the lowest since late Sep 2017) on probes below key support at $2.9425 (05 Dec low).The metal holds in strong bearish mode which resulted…
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GBPUSD extends to new seven-week high
Cable maintains positive tone on Monday and broke through previous high at 1.4218, hitting new 7-week highs.
Firm break above cracked upper boundary of daily bull-channel (after two attempts last week failed) was bullish signal which adds…
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SPOT GOLD bull on hold on Monday; eye US-China talks
Spot Gold holds within narrow consolidation under fresh five-week high ay $1350 and holding firm tone after strong rally last Friday and strong bullish close of the last week.
The yellow metal benefited on increased safe-haven demand on…
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WTI OIL – bulls are taking a breather ahead of key $66.64 barrier
WTI oil trades lower in mid-European session after hitting new two-month high at $66.53 in early Monday's trading.Fresh extension of Friday's strong rally showed signs of stall just ticks ahead of 25 Jan recovery high at $66.64 (the highest…
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AUDUSD – bears take a breather on US-China talks, but strong bearish bias remains while 10SMA…
The Aussie dollar trades in recovery mode on Monday and is firmly above 0.77 handle, supported by news about US-China talks, which aim to improve current situation and prevent trade war.
Positive results of talks could result in further…
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GBPUSD – bulls probe again above bull-channel resistance line
Cable stands at the front foot at the beginning of the week, maintaining bullish sentiment on last week's positive news from Brexit negotiations and strong data. Bulls probe again above cracked bull-channel resistance line (1.4176), in…
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