GBPUSD – post-Fed acceleration broke above bull-channel; BoE MPC decision eyed for fresh…
Sterling continues to advance, supported by positive news about Brexit negotiations and additionally boosted by less hawkish than expected Fed, which sent the greenback lower.
Wednesday's rally generated bullish signal on close above…
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EURUSD – extended recovery needs clear break above cracked trendline resistance
The Euro extends post-Fed rally on Thursday and hit one-week high at 1.2388 on probe above trendline resistance at 1.2356 (bear-trendline drawn off 16 Mar high at 1.2555).
The Fed disappointed markets on less hawkish than expected…
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WTI OIL extends rally above $65 after another unexpected fall in oil inventories
WTI oil hit the highest levels in over six weeks on probe above psychological $65.00 barrier on Wednesday, on fresh bullish acceleration after US crude stocks unexpectedly fell by 2.62 million barrels, compared to forecast for 2.6 million…
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COPPER – bears may consolidate before eventual break below 200SMA; targets at $3.00 zone in…
Copper fell further on Wednesday and hit new three-month low at $3.0145, on probe through strong support at $3.0259 (200SMA).
The metal extended steep descend in past four days, being under pressure on expectations on US rate hike and…
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SPOT GOLD bounces after bears approached key supports at $1305/02; Fed decision is in focus for…
Spot Gold trades higher on Wednesday after hitting three-week low at $1307 on Tuesday, where broader bears stalled on approach to key supports at $1305 (100SMA) and $1302 (01 Mar spike low).
Overall structure remains bearish and looks for…
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WTI OIL – bulls extend into sixth straight day; EIA report eyed for fresh signals
WTI oil continues to trend higher, moving in uninterrupted rally which extends into sixth straight day on Wednesday, with fresh extension probing through previous high of 26 Feb at $64.22.
Concerns about renewed tensions in the Middle East…
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AUDUSD – recovery attempts stalled at 0.77 barrier; Fed decision eyed for fresh signals
Recovery attempts on Wednesday from new three-month low at 0.7678 (posted on Tuesday) were so far short-lived.
Bunce stalled on probe above initial barrier at 0.7700 and subsequent fall kept immediate focus at the downside.
Firm bearish…
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GBPUSD rises on upbeat UK earnings but key 1.41 barrier is still intact; focus turns to FOMC
Sterling jumped above Tuesday's high at 1.4066, boosted by better than expected UK earnings data and pressures strong barriers at 1.4088 (Monday's spike high) and 1.4102 (Fibo 61.8% of 1.4345/1.3711 descend).
Upbeat UK earnings (including…
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USDJPY – daily Kijun-sen weighs and caps recovery; Fed’s decision expected to give…
The pair holds in red on Wednesday, keeping overall bearish bias intact after strong rally on Tuesday which peaked at 106.60.
Recovery stalled as daily Kijun-sen in steep fall (currently at 106.57) weighs heavily and capped today's action.…
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GBPUSD stands at the front foot ahead of UK jobs data
Cable stands at the front foot on Wednesday and attempts to fully recover previous day's dip which found footstep at 1.40 zone, which previously acted as strong resistance and now offers solid support.Overall bullish structure off 1.3711…
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