USDJPY – limited upside despite US deal, speculations BoJ may scale back monetary stimulus
The dollar probed again above 111.00 handle on Tuesday, inflated by news that US policymakers reached a deal to temporarily end the shutdown of the government.In addition, BoJ stayed unchanged as expected in today's policy meeting, with no…
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USDTRY – strong bullish signal on close above Fibo 38.2% barrier and 55SMA
The USDTRY pair spiked to 3.8458 high on Monday (the highest since mid-Dec) after opening with gap higher on fresh tensions over conflict on Turkey - Syria border as Turkish forces entered Syria.
Today's extension of recovery leg 3.7303…
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AUDUSD – near-term focus turns higher after shallow dip; 0.8038 high is key
The Aussie dollar holds firm footing and returned above 0.80 handle after dipping to 0.7978 in Asia.
Reversal signal that was generated on strong upside rejection at 0.8035 on Friday which left Gravestone Doji candle, is fading on fresh…
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USDJPY – bears may stay extended consolidation before eventual attack at key 110.15/00…
Bears are taking a breather on Monday after last Thu/Fri action being firmly in red, as the dollar regained footing after being hit by US government shutdown.
However, recovery attempts from session low at 110.49 (also low of last Friday)…
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GBPUSD – overall bulls keep focus at 1.40 barrier but extended consolidation may precede
Cable bounced to 1.3900 are in European trading after easing to 1.3857 in Asia, following gap-higher opening on Monday.
Overall bulls remain intact despite repeated strong rejections at 1.3942 and conflicting technical / political factors…
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EURUSD – uptrend to resume after consolidation; ECB eyed for fresh signal
The Euro opened with gap-higher on Monday against the dollar which came under increased pressure on US government shutdown, but eased during Asian session as greenback started to regain traction.
The pair peaked at 1.2271 after opening and…
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SPOT GOLD rallies after correction but negative signals building on weekly chart
Spot Gold price jumped on Friday as dollar weakened on political uncertainty in the US.Reversal pattern was formed on daily chart following today's bounce to $1338, which marks over 61.8% retracement of $1344/$1324 pullback and suggests…
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GBPUSD – no stronger negative impact on downbeat UK retail sales for now but downside risk…
Pound is attempting to stabilize above 1.3900 handle which was retested after quick fall on UK retail sales miss.
Retail sales numbers disappointed in December (m/m -1.5% vs -0.6% f/c and y/y 1.3% vs 3.0% f/c), softening near-term tone and…
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AUDUSD – firm break above 0.80 eyes 0.8102/24 targets
The Aussie is firmly above 0.80 handle and hit new four-month high at 0.8038 on Friday, boosted by fresh weakness of the greenback on fears of US government shutdown.
Fresh extension of larger uptrend from 0.7500 (8 Dec low) focuses 0.8102…
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USDJPY – fresh weakness focuses key supports at 110.15/00
The pair remains firmly in red on Friday and accelerated lower on fresh political uncertainty in the US which pressured the greenback.
Fresh weakness dipped to 110.49, retracing the biggest part of 110.19/111.48 recovery leg and turning…
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