GBPUSD looks for break through 20 or 55SMA’s for fresh direction signal
Cable holds in red in early European trading on Wednesday, accelerating lower after upside attempts were rejected under Tuesday's new recovery high and capped by 20SMA (1.3911).
Fresh risk aversion on Trump advisor Cohn's resignation…
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EURUSD maintains bullish tone for further advance; EU GDP in focus
The Euro remains supported on Wednesday, holding in green for the fifth straight day and establishing above broken 1.2400 barrier (Fibo 61.8% of 1.2555/1.2154 descend).
Strong rally on Tuesday, which was sparked by news of Koreas' summit,…
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AUDUSD – bumpy ride in Asia after weaker than expected GDP and upbeat RBA Governor Lowe
The Australian dollar was in hectic mode in Asia on Wednesday, driven by news and data. The pair fell to 0.7771 in early Asian trading, hit by weaker than expected Australia's Q4 GDP data (q/q 0.4% vs 0.5% f/c and 0.7% in Q3) (y/y 2.4% vs…
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USDTRY eases after repeated upside failure; CBRT rate decision on Wednesday is highly anticipated
The pair dipped to one-week low at 3.7861 on Tuesday, following repeated strong upside rejections on Fri/Mon and Monday's Gravestone Doji which signaled stall of recovery leg from 3.7153 (25 Jan low) and reversal.
Upleg from 3.7380 (16 Feb…
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EURUSD rallies on potential for Koreas’ talks; probes above pivotal 1.24 barrier
The Euro surged to new two-week highs at 1.2400 zone, on fresh bullish sentiment from news about summit between North and South Korea, which was planned for late April, regarding denuclearization and normalizing ties.Surprise decision of…
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COPPER – fresh recovery is forming reversal pattern on daily chart
Copper advanced on Tuesday and penetrated thick daily cloud, after three-day congestion remained capped by cloud base.
Fresh advance is generating reversal signal after repeated strong downside rejections left higher base at $3.0950 zone…
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SPOT GOLD – fresh attempts higher as sentiment sours on renewed fears about trade war
Spot Gold moved higher on Tuesday, probing again above initial barrier at $1323 (10SMA), as uncertainty on US tariffs keeps dollar's sentiment sensitive.
Traders remain cautious as fears of possible trade war remain alive, as pressure…
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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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