COPPER – strong recovery rally on weaker dollar sidelines downside threats
Copper price bounced from five-week low at $3.1065 on Wednesday, inflated by sharp fall of US dollar that offsets negative impact from strong rise in copper inventories.
Fresh rally so far retraced the largest part of Tuesday's strong fall…
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USDCAD – bears accelerated on break of pivotal supports
The USDCAD pair fell sharply on Wednesday, extending bear-leg from 1.2508 (19 Jan lower top).
Fresh bearish extension generated strong negative signal on break below pivotal supports at 1.2387 (Fibo 61.8% of 1.2061/1.2916 rally) and former…
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WTI OIL – Crude stocks data eyed for fresh signal
WTI oil price holds firm tone on Wednesday but stays below new high at $64.87, posted on 15 Jan and retested on Tuesday, but gains were limited here.
Surprise increase in US crude inventories (API report on Tuesday showed build of crude…
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SPOT GOLD rallies to multi-month high on weaker dollar
Spot Gold rallies for the second day and hit multi-month high at $1349 on Wednesday after fresh bullish acceleration broke above former high at $1344 (15 Jan) completing $1344/$1324 corrective phase and signaling continuation of steep…
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AUDUSD surges on weaker greenback; key barrier at 0.8124 in focus
Bulls accelerated strongly on Wednesday, ending three-day consolidation on break above previous high at 0.8038.
Rally hit new four-month high at 0.8061, coming ticks ahead of 27 July high at 0.8065 and focusing next target at 0.8102 (20 Sep…
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USDJPY accelerates on break below 110.15/00 pivots; increased pressure comes from comments of US…
The extends steep descend into second straight day on Wednesday with fresh bearish acceleration sparked by eventual break below key supports at 110.15/00 (Fibo 61.8% of 107.31/114.73 rally / psychological support) and triggering stops…
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Cable extends advance towards 1.41 ahead of UK employment data
Cable is establishing above 1.40 handle on Wednesday on fresh acceleration higher after bulls showed hesitation on Tuesday and ended trading in long-legged Doji, closing slightly below 1.40.
Bullish continuation was triggered by fresh…
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EURUSD could extend to 1.25 zone on break above 1.2350 trigger
The Euro moved higher on Wednesday and hit new high at 1.2335, the highest since mid-Dec 2014, completing shallow correction (1.2323/1.2165) and signaling further advance.
Strong bullish sentiment was boosted by upbeat figures from EU /…
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GBPUSD – renewed probe above 1.40; weaker dollar and positive environment around Brexit talks…
Cable broke above 1.40 barrier in American trading on Tuesday, following brief probe in Asian session (1.4002 high) and subsequent pullback which found footstep at 1.3915, where dip was contained by hourly 55SMA.Fresh bullish acceleration…
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COPPER – surge in inventories sparks fresh sell-off
Copper price accelerated lower on Tuesday, signaling extension of pullback from $3.3200 high on break below four-day congestion floor at $3.1790.
Fresh weakness was sparked by surge in copper inventories which signal healthy supplies and…
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