US CRUDE is holding near 2 ½ year high; bulls to resume after consolidation
WTI oil is slightly lower on Thursday but holding near fresh 2 ½ year high at $58.13, posted on Wednesday.
Strong bullish sentiment on firm signs of oil markets rebalancing, draws in oil inventories and optimism about OPEC's output cut…
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SPOT GOLD – repeated failure at daily cloud base but sentiment remains positive
Spot Gold price eased below daily cloud base ($1290) which was cracked on Wednesday's rally, boosted by dovish stance from Fed's policymakers.
Base of thickening daily cloud proves to be very strong barrier as several attempts to clearly…
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USDJPY – consolidation above 111.02 target to precede fresh bears
The pair holding within narrow consolidation above target at 111.02 (50% retracement of 107.31/114.73 ascend) in early Thursday's trading.
Strong bearish acceleration on Wednesday eventually took out key supports at 111.90 (daily cloud top)…
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GBPUSD – bulls are consolidating after surge above daily cloud
Cable is consolidating under fresh high at 1.3337 on Thursday after Wednesday’s strong bullish acceleration eventually broke above daily cloud and cracked key barriers at 1.3320/37 (01 Nov / 13 Oct peaks).
Longs remain firmly in play and…
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EURUSD – bulls eye daily cloud top in extension of post- Fed minutes rally
The Euro is holding in daily cloud on Thursday, with cloud base at 1.1812 acting as support and holding today's action.
Doji reversal pattern that was completed on Wednesday's strong rally continues to underpin for extension towards targets…
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USDJPY – bears penetrate daily cloud; signal further weakness
The pair penetrates daily cloud, pressured by fresh dollar’s weakness, signaling extension of pullback from 114.73 top, which was paused for two-day consolidation.
Daily close below key 111.90/70 supports (daily cloud top / Fibo 38.2% of…
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GBPUSD – fresh bullish acceleration eventually broke above daily cloud
Cable regained traction after dipping to cloud base (1.3214) and surged above key barriers at 1.3261/66 (daily cloud top / Fibo 38.2% of 1.3655/1.3026).
Fresh strength and eventual break above daily cloud signals bullish continuation for…
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USDCHF pressures key supports at 0.9870 after weak US data
The pair trades in red for the second day and probes below the floor of week-long congestion at 0.9870 zone.
Near-term bears off 0.9945 (congestion tops) were additionally boosted from weak US durable goods orders data (Sep -1.2% vs 0.3%…
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EURGBP – recovery attempts remain limited
The cross retested Tuesday’s high at 0.8885 on Wednesday but failed to hold gains and fell back below daily Kijun-sen which also acts as solid barrier at 0.8877.
No stronger upside action was seen after Tuesday’s trading ended in…
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TRY hits new all-time low
The Turkish lira remains under strong pressure and posted new record low against the dollar at 3.9814 on Wednesday.
Fresh lira’s weakness dragged Turkish stocks significantly lower and consumer confidence fell to yearly lows.
No relief seen…
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