EURUSD – weaker dollar boost the Euro but upside action was so far limited, keeping 1.1500 target in…
The Euro returned to 1.1600 zone in early Wednesday’s trading but upside attempts off Tuesday’s fresh low at 1.1553 (the lowest since 20 July) were so far limited.
The single currency was boosted by rumors about delay of US tax reforms…
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Copper eases below triangle on stronger dollar
Copper was sharply lower on Tuesday after rally on Monday was repeatedly capped by bear-trendline which marks the upper boundary of the triangle, formed on daily chart.
Fresh weakness, triggered by stronger dollar, offset positive signal on…
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USDCAD – fresh rally forms higher base at 1.2700
The pair bounced on Tuesday after four-day descend from 1.2916 found solid support at 1.2700.
Fresh strength of the US dollar sidelines immediate downside risk, seen on break below pivotal supports at 1.2670 (20SMA / daily Kijun-sen).…
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EURGBP – bears eye key technical supports
The cross remains in red for the third straight day and extends weakness below 0.8800 handle on Tuesday.
Pullback from 0.8938/34 peaks, where strong 1.75% rally last Thursday was capped by daily cloud base, so far retraced over 61.8% of…
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USDTRY bounces but risk of deeper pullback persists
The USDTRY pair recovers on Tuesday after losing nearly 1.5% on Monday. Pullback from Fri/Mon highs at 3.8890 was contained by rising daily Tenkan-sen (3.8202), keeping overall bullish structure intact for fresh upside action which could…
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SPOT GOLD eases after 20 SMA repeatedly capped upside attempts
Spot Gold price eases on Tuesday on profit taking after nearly 1% rally on Monday on safe-haven buying.
Upside attempts were repeatedly capped by 20SMA (currently at $1281) which marks strong barrier as previous probes above it were…
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US CRUDE OIL – bulls are pausing but focus remains at the upside
Bulls are taking a breather on Tuesday after hitting fresh, marginally higher high at $57.67 (the highest since early July 2015).
The price action is holding within narrow range on Tuesday, following strong rally in past three days when oil…
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AUDUSD falls after RBA stayed unchanged
The Aussie dollar moved lower against its US counterpart after the Australian central bank left interest rates unchanged on Tuesday’s policy meeting.
The price moved lower after repeated upside rejection under 200SMA (0.7697) with formation…
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USDJPY – bullish outlook above 113.60
The pair bounces above 114.00 on Tuesday after Monday's strong upside rejection and close in red.
However, the downside remains well protected at 113.60 zone (multiple downside rejections / Fibo 61.8% of 112.95/114.73 upleg) and buying dips…
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GBPUSD eases after strong rally on Monday, weighed by soft UK data
Cable eases from session high at 1.3177 on Tuesday but remains tall following Monday’s strong acceleration higher.
Gains were repeatedly capped by 10SMA today / Monday, with the pair coming under pressure from downbeat UK data.
Mixed…
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