EURUSD – bullish bias above 200DMA, daily cloud twist also to attract bulls
The Euro keeps firm tone in early Tuesday and pressuring pivotal barriers at 1.0865/88 zone (Fibo 38.2% of 1.1139/1.0695 fall / 55DMA / Feb 22 spike high).
Fresh positive signal on Monday’s close above 200DMA (1.0825) which capped…
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Dollar index – near term action in slight bearish alignment ahead of this week’s key…
The dollar index edged lower on Monday, in attempts to end two-day congestion and resume the bear-leg from 104.85 (Feb 14 high).
Strong downside rejection last Thursday, which left a long-tailed Doji candle and a bear-trap under Fibo 50%…
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Bitcoin – bulls are taking a breather for consolidation / limited correction
Bitcoin eases on Monday, shifting focus towards the floor of near-term consolidation range (50500) established after larger bulls started to run out of steam and left fresh multi-month peak at 53017 (Feb 20).
Early signal of an uptrend’s…
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Oil price extends weakness on fading Fed rate cut expectations
WTI oil price fell further in early Monday trading, in extension of Friday’s 2.2% drop, as the sentiment soured on signals that higher than expected US inflation may delay Fed rate cuts.
Fresh weakness emerged after several upside…
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Geopolitical tensions continue to support gold price; markets focus on US inflation data
Gold stands at the front foot at the start of the week and holds near two-week high ($2041) posted on Friday.
Growing tensions in the Middle East and overall negative geopolitical picture, continue to fuel safe haven demand and boost…
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USDJPY – extended consolidation above trendline support to precede push towards key barriers
USDJPY edges lower on Friday as traders collect some profits ahead of the weekend but keeps overall bullish structure.
The pair is on track for another weekly gain and the second weekly close above 150 level, which will further boost…
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GBPUSD – bulls hold grip despite strong upside rejection on Thursday
Cable kept firm tone and extended advance on Friday, despite strong upside rejection the previous day which left the daily candle with long upper shadow, indicating that bulls might be running out of steam.
Fresh strength probes again…
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EURUSD – final close above 200DMA to strengthen near term structure
The Euro is holding within a narrow range on Friday but keeps slight bullish bias on strong positive momentum and the pair being on track for the first bullish weekly close in five weeks.
On the other hand, multiple failure to clear…
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Euro zone business activity showed slight signs of improvement in February – PMI
The euro zone services PMI jumped to 50.0 in February from January's 48.4, strongly overshooting consensus for 48.8, while manufacturing PMI dropped to 46.1 in February from 46.6 previous month beating expectations for a rise to 47.0.…
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Fed worries about cutting rates too soon but remains concerned about the downside risk to the…
The minutes of US the Federal Reserve's Federal Open Market Committee last policy meeting showed that policymakers remain concerned about the risks of cutting interest rates too soon, but also pointed to uncertainty about how long interest…
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