Pound falls below 1.39, delated by downbeat UK data
Cable fell below 1.3900 handle in Europe, deflated by downbeat trade balance / IP data. Trade deficit widened to 13.5 billion pounds in Dec from forecasted 11.5 billion gap, while industrial production fell by 1.3% in Dec, falling below…
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SPOT GOLD – bears to resume after a breather; thick hourly cloud weighs heavily
Spot Gold fell to European session low at $1313, coming under renewed pressure after recovery attempts were repeatedly rejected at $1322 (Thu/Fri).
Yesterday's long-tailed Doji signaled a breather in broader downtrend, with fresh easing…
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WTI OIL in narrow consolidation; broader bears remain intact and threaten for attack at rising daily…
WTI oil is holding within narrow consolidation above fresh five-week low at $60.26 on Friday, after suffering heavy losses during the week.
Oil remains under strong pressure on increased US oil production, with fresh pressure coming from…
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AUDUSD – broader bears may take a breather ahead of key 0.7850/40 support zone
The Australian dollar bounced from new 2018 low at 0.7758 posted on Friday, signaling hesitation ahead of strong supports at 0.7750/40 (200SMA / Fibo 61.8% of 0.7500/0.8135 / rising daily cloud top).
The pair is moving in steep two-week…
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USDJPY – bears remain in play; consolidation to precede fresh downside
The dollar rose above 109 barrier in early Europe after retesting support at 108.50 zone overnight, bur recovery was so far capped by sideways-moving 10SMA (109.24).
Extended consolidation under falling 20SMA (109.74) before fresh attempts…
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EURUSD – recovery attempts need break above 1.23 pivot to sideline persisting downside risk
The Euro moved higher on Friday, in recovery attempt after broader bears were contained by rising 30SMA at 1.2212 on Thursday.
Initial sign of basing is seen on bounce from 1.2212, but recovery is still holding below 1.2300 pivot (former…
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Pound struggles to regain 1.40 pivot despite support from hawkish comments and weaker dollar
Cable holds firm tone on Friday and attempts again towards psychological 1.40 barrier, following Thursday's spike to 1.4066 after BoE rate decision and subsequent quick pullback.
Sterling was boosted by hawkish hold from BoE, as the…
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EURGBP – bearish acceleration on hawkish BoE threatens for retest of key s/t supports at…
The cross accelerated sharply lower after hawkish stance from BoE today, being down 1.2% for the day so far, in extension fall from 0.8897 on Wednesday.
Fresh weakness turned daily techs into full bearish setup which may result in final…
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Pound spikes above 1.40 vs dollar in expected reaction to BoE’s hawkish hold
Sterling cracked 1.40 barrier and spiked to three-day high at 1.4014 after BoE maintained hawkish hold on its monetary policy meeting today.
The UK's central bank kept interest rates as expected at 0.5%, with policymakers voting 9-0 to…
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WTI OIL at five-week low, pressured by rising US output, weekly inventories build
WTI oil is holding near new five-week low at $61.21 and remains under strong pressure on Thursday, following sharp fall on Wednesday.
Oil price came under increased pressure after data showed US oil production rose above 10 million barrels…
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