GBPUSD – fresh risk aversion inflates pound; bulls focus 1.4066/81, post-BoE high / Fibo 61.8%…
Fresh bullish acceleration in early European trading broke above 20SMA (1.4021) and probes above 1.4056 (4-hr cloud top) for retest of 1.4066 ( high posted after last week's post-BoE's hawkish hold announcement).
Cable remains firm on…
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EURUSD – bulls probe above 1.25 barrier; targets at 1.2537/97 in focus
The Euro probed above 1.25 barrier in early European session trading on Thursday, extending strong rally from 1.2205 (09 Feb) into fourth straight day.
Euro's bulls were interrupted on Wednesday after stronger than expected US inflation…
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EURUSD – it seems that post-US data dip was just opportunity to enter new longs
The Euro reversed direction after hitting daily low at 1.2275, driven by upbeat US CPI data and bounced strongly, reversing initial losses after data and extending through Asian session highs at 1.2392.
It seems that dip after unexpectedly…
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USDJPY – limited reaction on upbeat US inflation numbers keeps bearish bias intact
The pair showed limited reaction on upbeat US inflation data today, as the dollar jumped to 107.53 but quickly fell back, erasing all post-data gains.
Unlike from other major currency pairs where the greenback advanced strongly, USDJPY's…
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SPOT GOLD holds positive near-term tone ahead of US inflation data
Spot Gold extended recovery leg and hit one-week high at $1336 on Wednesday, maintaining positive near-term tone on weaker dollar.
Tuesday's close above falling 10SMA and today's probe above sideways-moving 20SMA ($1334) were positive…
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WTI OIL – negative outlook on speculations for stronger build of weekly crude inventories
Near-term outlook remains negative and sees risk of retesting low at $58.06 (09 Feb) after recovery attempts showed strong rejection at $60.81 on Monday (capped by 55SMA) and Tuesday's action closed in red.
Negative tone was boosted by…
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AUDUSD – falling 10SMA continues to cap recovery; US CPI data expected to provide fresh signal
The Australian dollar ticked higher on broadly weaker dollar on Wednesday and probed above falling 10SMA (0.7873) but gains were short-lived so far.
Tuesday's Doji candle which came after two days of strong rally was signal that recovery…
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GBPUSD remains steady but gains are limited; US data in focus
Cable is holding within narrow consolidation under previous day's high at 1.3924 which capped fresh attempts higher today.
Stronger than expected UK inflation data on Tuesday boosted pound but gains were so far limited.
Mixed signals from…
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EURUSD – extended recovery pressures 1.24 Fibo barrier; EU and US data expected to provide…
The Euro remains firm and extends recovery rally near 1.2400 barrier (Fibo 61.8% of 1.2522/1.2205 bear-leg) on Wednesday, following Tuesday's close above 20SMA which was fresh bullish signal.
Bounce from 1.2205 correction low (09 Feb)…
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USDJPY hits new 15-month low ahead of key US data
The pair posted new 15-month low at 106.83 in Asian session on Wednesday, on eventual break through key med-term support at 107.31 (08 Sep low).
Fresh strength of yen was driven by overnight's fall of Nikkei for over 1% as well as growing…
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