SPOT GOLD eases on stronger dollar ahead of US jobs data
Spot Gold trades in red on Friday and pulls back from fresh nearly four-month high at $1326, posted on Thursday.
Stronger dollar in early Friday’s trading pushed yellow metal’s price lower, ahead of key release US NFP data, due later today.…
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AUDUSD in red on Friday after weak Australian data; eyes US jobs figures for fresh signal
The Aussie dollar dipped on Friday after posting new marginally higher high at 0.7869 of uninterrupted four-week rally, which was so far capped by falling weekly 200SMA.
Weaker than expected Australian data, released overnight, weighed on…
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GBPUSD – bulls are struggling to regain 1.3600 handle
Cable is struggling to regain 1.3600 handle which was cracked this week (Tue high 1.3600 / Wed high 1.3612) but without clear break higher, as bulls stalled and fell back to 1.3500 zone on Wednesday.
Thursday’s recovery sidelined immediate…
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EURUSD remains biased higher; EU / US data seen as a key driver today
The Euro remains supported and attacked again the upper boundary of three-day congestion between 1.2000 and 1.2090.
Thursday’s bullish outside day is supportive, but the pair faces strong headwinds from 1.2100 resistance zone, which stayed…
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USDJPY surges through 113.00 pivot; eyes US jobs data for fresh signals
The dollar holds firm tone against yen and extends recovery rally from strong support at 112.00 zone into third straight day.
Fresh bullish acceleration on Friday broke above key barriers at 113.00 zone, consisting of converged…
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SPOT GOLD (longer-term outlook)
Spot Gold is trading in the fourth consecutive bullish week, in strong recovery rally from $1236 (10 Dec low).
A higher low of larger uptrend from is forming at $1122 (Dec 2012 low) is forming at $1326 after strong recovery rally retraced…
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GBPUSD (longer-term outlook)
Cable is holding in an uptrend since mid-Jan 2017, after post-Brexit vote bearish acceleration based at 1.1950 zone.
Steady recovery is looking for extension above 1.3655 (2017 high / the highest since 24 June 2016) as 1.3655/1.3026 (20 Sep…
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WTI OIL hit new 2 ½ year high but correction signals require caution
WTI oil hit new high at $62.19 on Thursday (the highest since mid-May 2015) in extension of Wednesday’s strong rally.
Oil prices remain supported by OPEC-led production cut, with additional boost coming from recent tensions in Iran, one of…
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AUDUSD hit new high but corrective action could be anticipated in the near term
The Aussie dollar stays firm and hit new high at 0.7856 (the highest since Oct 20) on Thursday, boosted by better than expected China Services PMI (Dec 53.9 vs 51.8 f/c).
Thursday’s action was so far shaped in long-legged Doji, signaling no…
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USDJPY – daily cloud top limits recovery, more resistances lay above
Recovery from strong support at 112.00 zone extends into the second day and spiked to 112.76, where daily cloud top limited rally for now.
Bullish hourly studies are supportive however, plethora of strong barriers, consisting of daily cloud…
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