USDJPY bounces back above 109 but overall outlook remains bearish
The pair bounces from session low at 108.45 on Tuesday, after extension of Monday's strong fall threatened key near-term support at 108.28 (26 Jan low).
Strong bearish acceleration on Monday came after repeated failure to clear important…
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AUDUSD fell further after downbeat data / RBA staying pat, but bears show signs of hesitation
The Australian dollar dipped to new nearly one month low at 0.7835 on Tuesday, extending steep pullback from 0.8135 peak into seventh consecutive day.
The Aussie remains under pressure which increased on Friday after solid US jobs data…
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GBPUSD – bears extend and probe again through 1.40 pivot
Bear-leg from 1.4277 (double bullish rejection) extends for the second day and probes again through pivotal 1.40 support (Fibo 38.2% of 1.3457/1.4344 upleg / psychological support).
Near-term bears are supported by south heading daily RSI…
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USDCAD extended rally pressures 1.25 barrier, twisting daily cloud could attract for further advance
The USDCAD pair extends rally on Monday and broke through strong barrier at 1.2460 (Fibo 61.8% of 1.2590/1.2248 downleg).
Uncertainty over NAFTA talks keeps the greenback bid for extension of Friday's 1.3% rally, which was accelerated by…
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COPPER – rising daily cloud underpins recovery but limited upside seen so far
Copper price bounced on Monday as dollar's bulls are taking a breather after accelerating on upbeat US data on Friday.
Friday's action ended in red but strong rejections were seen on both sides. Upside attempts stalled at $3.1640 with…
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SPOT GOLD – limited recovery seen ahead of fresh weakness
Spot Gold is consolidating on Monday after Friday’s sharp fall on upbeat US jobs data which boosted hopes for Fed’s more aggressive approach to US monetary policy this year.
The yellow metal fell by 1.3% on Friday in the biggest one-day…
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AUDUSD bounces, boosted by upbeat Chinese data, but limited recovery seen for now
The Australian dollar bounces on Monday after pullback from 0.8135 peak which accelerated on Friday, found footstep at 0.7892 (Fibo 38.2% of 0.7500/0.8135, 11 Dec / 26 Jan rally).
Near-term sentiment was boosted by upbeat Chinese Caixin…
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USDJPY – strong signs of correction stall
The pair holds in red in early Monday’s trading and signaling increasing downside risk after last week’s three-day recovery rally failed to clear key barriers at 109.26/32 (double-Fibonacci resistances, 61.8% of 111.48/108.28 and 38.2% of…
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EURUSD – bullish bias while above 10SMA, but risk of deeper pullback exists
The Euro is trading within narrow range in early Monday, but still above rising 10SMA (currently at 1.2413) which tracks the ascend and marks initial support.
Friday’s close in red after repeated rejection above 1.25 barrier and weekly…
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EURUSD – solid EU GDP data supported bounce above 1.24
The Euro bounces above 1.24 handle after failure to break below Monday's low at 1.2336, underpinned by rising 10SMA (1.2322) which stayed intact.
Fresh advance cracked barrier at 1.2412 (Fibo 38.2% of 1.2537/1.2334 pullback) and pressuring…
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