GBPUSD – near-term bias turns negative and favors attack at key 1.3302 support
Cable came under pressure in early hours of European session and broke below pivotal supports at 1.3401 (10 SMA) and 1.3374 (20SMA), weakening near-term structure.
Fresh bearish acceleration at the beginning of American session approached…
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SPOT GOLD – weaker dollar inflates gold price; plethora of barriers comes in focus
Spot Gold regains traction and pressures Thursday's one-week high at $1259 after shallow correction was contained at $1250.
The dollar eased on Friday on fresh concerns over US tax reform, boosting gold's price.
Recovery leg from $1236 (12…
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AUDUSD – bulls extend into fifth straight day and look for attack at daily cloud base
The Aussie dollar holds in green for the fifth consecutive day and fresh extension on Friday cracks 200SMA barrier at 0.7691.
Daily studies are turning into full bullish setup and support further advance, as US dollar's sentiment remains…
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USDJPY – bears pressure pivotal Fibo support at 111.95
The pair remains in red for the third straight day and hit marginally lower low on Friday at 112.02, pressuring strong support at 111.95 (Fibo 61.8% of 110.83/113.74 / 06 Dec low).
Break and close below 111.95 would generate bearish signal…
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GBPUSD – bulls are taking a break but focus remains at the upside
Cable is holding within narrow consolidation in early Friday's trading after strong rally in past two days which peaked at 1.3464.
Thursday's long-legged daily candle suggests bulls might be running out of steam, but overall structure…
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EURUSD – bearish n/t bias while the price stays within daily cloud
The Euro bounced to1.1800 zone after hitting new low at 1.1764 in Friday's Asian session trading.
Bearish close on Thursday left long red candle with long upper shadow which weighs on near-term action.
Euro's near-term sentiment remains…
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EURUSD – post-Fed bulls lost traction after upbeat US data; near-term focus turns lower
The Euro was sharply lower in the US session as the greenback received fresh boost from upbeat US retail sales which rose by 0.8% in November, strongly beating forecast for 0.3% increase.
US weekly jobless claims also surprised by falling…
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WTI OIL remains in red despite another draw in crude stocks
Oil price stands in red for the third straight day on Thursday and posted new low at $56.45, where Fibo 76.4% of $55.81/$58.54 upleg was met.
Oil remained under pressure despite EIA report showed stronger than expected draw in US crude…
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SPOT GOLD – post-Fed rally struggles at falling 10SMA
Spot Gold rallied on Wednesday on weaker dollar but was so far unable sustain extension on Thursday, after upside attempts were capped by falling 10SMA at $1259 which marks one-week high.
Positive fundamentals are supportive for the yellow…
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USDJPY – bears eye targets at 112.30/111.95; limited correction to precede
The pair stands deeply in daily cloud on Thursday and consolidating after previous day's strong fall (the biggest one-day loss since 22 Nov).
Bears found footstep at 112.46 where daily Kijun-sen contained Wednesday's post-Fed acceleration,…
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