GBPUSD – risk of deeper pullback towards strong 1.40 support exists
Cable eases in early Monday's trading and pressures 1.41 support, following last week's double upside rejection at 1.43 zone.
Friday's candle with long upper shadow, left after strong rejection ticks under 1.4300 barrier weighs on near-term…
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EURUSD may ease further as dollar regains traction; overall bulls favor further upside after…
The Euro stands at the back foot at the beginning of the week and tested supports at 1.2400 zone on Monday, as dollar ticked higher against the basket of major currencies, boosted by overall solid US GDP data last Friday.
This signals a…
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USDJPY – bias remains negative after mixed US data
The US dollar moved higher across the board after of US data on Friday showed mixed results. Key event was release of US Q4 GDP which fell below expectations, showing US economic growth slowed in the fourth quarter.
GDP increased 2.6% at…
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AUDUSD – renewed strength turns near-term focus higher; US GDP data eyed for fresh signals
The Aussie regained strength on Friday and pressuring 0.81 barrier which was cracked on Thursday's short-lived spike to 0.8118.
Dollar's rally on President Trump's comments favoring strong US currency failed to sustain gains and was limited…
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USDJPY – bears attempt to neutralize positive signals from Thursday's bounce; US GDP data…
The pair came under renewed pressure on Friday and probes again below 109 handle, following short-lived recovery attempts, inspired by comments from President Trump, which stalled at 109.75.
Fresh weakness attempts to neutralize bullish…
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GBPUSD bounces after pullback; UK GDP data in focus
Sterling regained traction on Friday and bounced well above 1.42 after strong upside rejection at 1.4344 on Thursday and subsequent dip to 1.4082 on conflicting comments about dollar's direction from top US officials.
Fresh strength…
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EURUSD – near term bias remains bullish but firmer signals are needed to confirm direction
The Euro stands at the front foot on Friday and looking for retest of 1.25 zone, following bumpy ride on Thursday when it spiked to 1.2537 following ECB Draghi's speech but reversed quickly on sharp dip to 1.2365.
The Euro moved higher on…
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EURUSD spiked above 1.25 on Draghi but without clear break so far
The Euro was higher across the board in reaction to ECB President Mario Draghi's press conference after the central bank kept its policy unchanged as expected.
Nothing new or surprising from Draghi today, as he pointed on robust pace of…
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WTI OIL bulls eye Fibo target at 66.75 as strong bullish sentiment offsets reversal signals for now
WTI oil price hit new over three-year high at $66.42 on Thursday, in extension of three-day rally which accelerated on Wednesday.
Fresh boost to oil price came from another decline in weekly crude inventories as EIA report on Wednesday…
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AUDUSD – bulls are consolidating ahead of final push trough 0.8124 target; rising 10 SMA to…
The Aussie hit new high at 0.8118 on Thursday, in extension of previous day's strong rally and took 0.8102 barrier (20 Sep spike high) which marks the last obstacle ahead of key resistance at 0.8124 (08 Sep peak).
Subsequent easing to…
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