EURUSD remains in directionless mode on Tuesday, but deeper pullback could be anticipated
The Euro stays in a choppy mode for the second day, despite brief probe above 1.2300 barrier overnight.
The pair returned quickly from the session high at 1.2323, staying at the back foot during European trading.
Strong indecision is…
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USDTRY extends recovery after cloud base contained correction; n/t bias is turning bullish; CBRT in…
The USDTRY pair spiked to 3.8330, the highest in one month on Tuesday, after downside attempts were repeatedly contained by the base of rising daily cloud.
Fresh bullish acceleration broke above important resistance at 3.8131 (daily…
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WTI OIL enters correction after repeated upside failure
WTI oil price moved lower on Tuesday, pressured by stronger dollar and overbought techs which suggest correction.
Oil price posted marginally higher high at $64.87 on Monday (the highest in more than three years) but was unable to sustain…
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Copper falls sharply as dollar bounces from three-year high
Copper fell sharply on Tuesday, falling nearly 3% for the session, pressured by fresh strength of the dollar which bounced from new three-year low.
Monday's recovery action stall and today's fall generated bearish signal, as fresh weakness…
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AUDUSD – deeper correction cannot be ruled out
The Aussie dollar holds in red on Tuesday, dragged by stronger dollar and fall of copper price.
Bullish structure favors further advance after correction, as bulls showed signs of stall after testing barrier at 0.7977 (Fibo 76.4% of…
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USDJPY – bears are pausing ahead of strong supports at 110.15/00
The pair is consolidating above strong supports and targets at 110.15/00 (Fibo 61.8% of 107.31/114.73 ascend / psychological support) which were approached on Monday's extension to 110.32.
Strong near-term bearish bias favors selling…
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GBPUSD eases after UK CPI data; overbought conditions weigh
Cable dipped on Tuesday after strong three-day rally showed initial signs of stall ahead of important Fibo barrier at 1.3837 (61.8% of post-Brexit vote 1.5016/1.1930 fall).
Fresh easing was triggered by UK CPI data which ticked lower in…
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EURUSD – bulls are taking a breather but bullish bias remains intact
The Euro is taking a breather after steep three-day rally which peaked at 1.2296, the highest in more than three years.
Recent strong rally was supported by broadly weaker dollar and additionally boosted by hopes the ECB could further trim…
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USDTRY – recovery accelerates after repeated rejection at daily cloud base
The USDTRY bounced on Monday after repeated failure to break below the base of rising daily cloud (currently at 3.7530).
Another strong support lies in this zone – Fibo 38.2% of 3.8883/3.9814 rally and reinforces cloud base support.
Today’s…
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SPOT GOLD at new highs; focuses target at $1357
Spot Gold started week in firm bullish tone and extended strong rally of past three days to new four-month high at $1344.
The metal benefited from fresh weakness of the dollar and extended the second leg of steep rally from $1236 (12 Dec…
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