WTI OIL- recovery probes through cracked Fibo barrier at $62.65; crude inventories reports in focus
WTI oil holds within narrow consolidation under new recovery high at $62.86 on Tuesday, taking a breather after strong advance previous day.Confirmation of reversal came on Monday's strong rally which left a double-bottom on daily chart…
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USDJPY – limited recovery but immediate downside risk is sidelined
The pair eased from session high at 106.44, where Fibo 23.6% of 110.28/105.24 fall capped the extension of Monday's strong rally.
Bounce from new 16-month low at 105.24 sidelined immediate downside risk, however, daily techs remain in full…
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GBPUSD holds in narrowing range between 55 and 10SMA, but negatively aligned techs keep the downside…
Cable showed little action in Asia / early Europe on Tuesday but holding in red for now after upside attempts stalled on approach to descending 10SMA (1.3871).
The pair is trading in the middle of thick daily cloud, with today's action…
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Directionless near-term action looks for fresh signal; ECB and EU GDP data eyed
The Euro holds in tight range in early hours of the European session, showing no clear direction after Monday's trading ended in long-legged Doji, signaling strong indecision.
Three-day recovery from 1.2154 (01 Mar low) faced strong…
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Remains directionless after little reaction on RBA; Australian data
The Australian dollar showed mild reaction on mixed Australian data and RBA rate decision on Tuesday.
The pair ticked above pivotal barriers at 0.7772/85 (100/200SMA's) and hit session high at 0.7792, where rally was capped by falling…
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Loonie remains under strong pressure on NAFTA, US tariffs; psychological 1.30 barrier in focus
The USDCAD maintains firm bullish sentiment and broke above strong barriers at 1.2920 (former triple top / 2018 high), extending the upleg from 1.2610 (23 Feb trough) into sixth straight day. Canadian dollar remains under increased…
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Recovery attempts were short-lived so far; OPEC / US shale producers meeting in focus for fresh…
WTI oil moved higher on Monday and cracked barrier at $61.69 (Fibo 38.2% of $64.22/$60.12 bear-leg) but was so far unable to sustain break, as recovery extension stalled at $61.95.
Subsequent pullback returned the price back into thick…
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Risk aversion continues to drive the price higher; break through daily cloud top eyed for fresh…
Spot Gold holds in green on Monday and extends recovery from last week's spike low at $1302.
Fresh extension of two-day recovery broke above 10SMA ($1324) and pressures pivotal barriers at $1326/29 (Fibo 38.2% of $1340/$1302 downleg /…
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Upbeat UK data underpin recovery for test of key Fibo barrier at 1.3848
Cable stands at the front foot on Monday and attempts to extend recovery attempts from 1.3711 low (01 Mar) seen in past two days.
The price holds in the middle of daily cloud and ascend from 1.3711 low managed to move above rising 55SMA…
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AUDUSD remains at the back foot, weighed by trade war fears; RBA rate decision / AUS retail sales in…
The AUDUSD pair stands at the back foot in early Monday's trading, but remains within the range established in past two days, showing little impact from better than expected Australian data, released overnight.
The upside remains capped by…
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