USDJPY – directionless mode expected ahead of Friday’s key releases
The pair trades in extended directionless mode on Thursday, following strong rejections on both sides in past two days.
Recovery attempts were capped by Fibo barrier at 106.44 on Tuesday, while bearish acceleration was strongly rejected on…
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GBPUSD – downside risk to remain I play while 20SMA caps
Cable shows hesitation ahead daily cloud top (1.3968) which marks key near-term barrier, as four-day rally stalled just under cloud top on Tuesday and Wednesday's action ended in Doji, capped by 20SMA.Trading in Asian / early European…
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EURUSD holds in tight range ahead of ECB; outlook remains bullish but Draghi’s press…
The Euro is holding within tight range around 1.24 handle in early Thursday's trading, awaiting the verdict from the ECB later today.
Near-term structure remains firm as 1.24 holds and despite yesterday's Doji candle, as the pair entered…
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Turkish lira weakens as the CBRT keeps rates unchanged
The Turkish lira weakened on Wednesday after the CBRT kept interest rates unchanged in widely expected outcome of the policy meeting.
The USDTRY pair jumped to 3.80 zone after release, recovering from Tuesday's fall to 3.7861 which…
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WTI OIL weakens on strong oil stocks build; risks further downside
WTI oil stands in red on Wednesday on fresh negative sentiment, sparked by stronger than expected build of crude stocks and rising fears about potential global trade war.
Oil price closed in red on Tuesday after attempts to extend strong…
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USDJPY – fresh bearish acceleration after recovery stall revives bearish bias
The pair accelerated lower on Wednesday after resignation of Trump's advisor Cohn, pressured dollar and sparked fresh risk aversion, increasing demand for safe-haven yen.
Fresh weakness was signaled by recovery stall at 106.44 Fibo 23.6%…
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GBPUSD looks for break through 20 or 55SMA’s for fresh direction signal
Cable holds in red in early European trading on Wednesday, accelerating lower after upside attempts were rejected under Tuesday's new recovery high and capped by 20SMA (1.3911).
Fresh risk aversion on Trump advisor Cohn's resignation…
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EURUSD maintains bullish tone for further advance; EU GDP in focus
The Euro remains supported on Wednesday, holding in green for the fifth straight day and establishing above broken 1.2400 barrier (Fibo 61.8% of 1.2555/1.2154 descend).
Strong rally on Tuesday, which was sparked by news of Koreas' summit,…
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AUDUSD – bumpy ride in Asia after weaker than expected GDP and upbeat RBA Governor Lowe
The Australian dollar was in hectic mode in Asia on Wednesday, driven by news and data. The pair fell to 0.7771 in early Asian trading, hit by weaker than expected Australia's Q4 GDP data (q/q 0.4% vs 0.5% f/c and 0.7% in Q3) (y/y 2.4% vs…
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USDTRY eases after repeated upside failure; CBRT rate decision on Wednesday is highly anticipated
The pair dipped to one-week low at 3.7861 on Tuesday, following repeated strong upside rejections on Fri/Mon and Monday's Gravestone Doji which signaled stall of recovery leg from 3.7153 (25 Jan low) and reversal.
Upleg from 3.7380 (16 Feb…
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