GBPUSD – quick pullback from post-BoE spike high could form negative signal on daily chart
Sterling spiked to 1.4218, the highest since 02 Feb, after BoE kept interest rates unchanged on Thursday, but surprised markets by 7-2 voting results 9-0 expected, as two MPC members voted for rate hike.New situation within policy makers…
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SPOT GOLD – outlook remains bullish but daily cloud top limits advance for now
Spot Gold consolidates under new two-week high at $1336, after rallying strongly on Wednesday on less hawkish than expected Fed which hit the greenback. The yellow metal was additionally supported by growing concerns about trade war which…
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WTI OIL eases after six-day rally; risk of stronger weakness on trade war concerns
WTI oil price eases on Thursday after hitting marginally higher high at $65.70 (the highest since early Feb) in uninterrupted six-day rally.
Strong bullish sentiment could be soured by rising concerns about import tariffs on China, which…
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AUDUSD – cluster of strong barriers capped recovery; fears of trade war weigh on Aussie
The Aussie dollar pulled back from post-Fed recovery highs on Thursday after repeated attacks failed to break above initial barrier at 0.7775 (100SMA).Positive impact from Fed could be offset by increasing fears about trade war, as…
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USDJPY – bearish bias remains intact after repeated rejection under 30SMA; scope for retest of…
Repeated rejection under falling 30SMA triggered fresh weakness which accelerated after disappointing Fed to probe below last week's low at 105.60 on Thursday.
Daily MA's returned to full bearish setup, as momentum remains in negative…
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GBPUSD – post-Fed acceleration broke above bull-channel; BoE MPC decision eyed for fresh…
Sterling continues to advance, supported by positive news about Brexit negotiations and additionally boosted by less hawkish than expected Fed, which sent the greenback lower.
Wednesday's rally generated bullish signal on close above…
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EURUSD – extended recovery needs clear break above cracked trendline resistance
The Euro extends post-Fed rally on Thursday and hit one-week high at 1.2388 on probe above trendline resistance at 1.2356 (bear-trendline drawn off 16 Mar high at 1.2555).
The Fed disappointed markets on less hawkish than expected…
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WTI OIL extends rally above $65 after another unexpected fall in oil inventories
WTI oil hit the highest levels in over six weeks on probe above psychological $65.00 barrier on Wednesday, on fresh bullish acceleration after US crude stocks unexpectedly fell by 2.62 million barrels, compared to forecast for 2.6 million…
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COPPER – bears may consolidate before eventual break below 200SMA; targets at $3.00 zone in…
Copper fell further on Wednesday and hit new three-month low at $3.0145, on probe through strong support at $3.0259 (200SMA).
The metal extended steep descend in past four days, being under pressure on expectations on US rate hike and…
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SPOT GOLD bounces after bears approached key supports at $1305/02; Fed decision is in focus for…
Spot Gold trades higher on Wednesday after hitting three-week low at $1307 on Tuesday, where broader bears stalled on approach to key supports at $1305 (100SMA) and $1302 (01 Mar spike low).
Overall structure remains bearish and looks for…
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