SPOT GOLD remains under strong pressure as safe haven demand eases
Spot Gold remains in red for the third straight day and extended bear-leg from $1340 high, to crack pivotal support at $1317 (Fibo 61.8% of $1302/$1340 rally).
News about meeting between leaders of the US and North Korea eased geopolitical…
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AUDUSD remains in range between 100 and 20SMA’s; awaiting stronger direction signal
The Australian dollar moved higher on Friday after falling the previous day but remains without clear direction as near-term action continues to move in range between 100SMA (0.7771) and 20SMA (0.7834).
Multiple attempts to break out of…
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USDJPY – near-term picture improves on fresh rally
The pair bounced higher in Asia, breaking above three-day congestion and hitting one-week high at 106.94, on easing fears over North Korea.
No significant reaction was seen on BOJ rate decision and remarks from BoJ chief Kuroda, who…
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GBPUSD – bearish bias suggests further weakness through daily cloud base; UK/US data eyed for…
Cable is consolidating on Friday following strong fall on Thursday, which reversed the biggest part of four-day 1.3711/1.3929 rally and turned near-term bias to bearish mode.
Fresh bears are pressuring key near-term support at 1.3765…
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EURUSD pressures top of thick daily cloud after post-ECB sharp fall; US jobs data in focus
The Euro is trading within narrow consolidation on Friday after suffering heavy losses on 0.8% fall on Thursday, which marks the biggest one-day loss since 07 Feb.
The single currency came under strong pressure from remarks of ECB…
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WTI OIL – daily cloud base holds for now but risk for further weakness persists
WTI oil remains in red on Thursday as negative sentiment increased after downbeat supply data on Wednesday, which added to existing pressure on concerns over possible trade war.
Fresh downside attempts on Thursday were so far contained by…
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AUDUSD returned below daily cloud after upside attempts were repeatedly capped by 20SMA
The Australian dollar fell back to 0.78 zone in early European session and erased overnight gains on upbeat Australian trade balance data.
Trade surplus widened to A$1.05 billion in January, overshooting forecast for A$200 million surplus…
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USDJPY – directionless mode expected ahead of Friday’s key releases
The pair trades in extended directionless mode on Thursday, following strong rejections on both sides in past two days.
Recovery attempts were capped by Fibo barrier at 106.44 on Tuesday, while bearish acceleration was strongly rejected on…
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GBPUSD – downside risk to remain I play while 20SMA caps
Cable shows hesitation ahead daily cloud top (1.3968) which marks key near-term barrier, as four-day rally stalled just under cloud top on Tuesday and Wednesday's action ended in Doji, capped by 20SMA.Trading in Asian / early European…
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EURUSD holds in tight range ahead of ECB; outlook remains bullish but Draghi’s press…
The Euro is holding within tight range around 1.24 handle in early Thursday's trading, awaiting the verdict from the ECB later today.
Near-term structure remains firm as 1.24 holds and despite yesterday's Doji candle, as the pair entered…
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