AUDUSD – mixed technical picture eyes US inflation data for direction signal
AUDUSD edged higher in early Thursday’s trading, underpinned by much better than expected Australian trade data and risk mode in stock markets.
Strong rejection of the pullback from 0.6871 (Dec 28 peak) and pivotal Fibo support at 0.6641…
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USDJPY – recovery acceleration signals that corrective phase might be over
Bulls regained traction and pushed the price up 0.75% on Wednesday, retracing the largest part of pullback from 2024 high (145.97, Jan 5) to 143.41 (Jan 9).
Fresh strength emerged after corrective dip was strongly rejected just above…
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EURUSD remains in a sideways mode but slight bullish bias fueled by thick weekly cloud
EURUSD remains in extended sideways mode and looking for direction signal after several attempts on both sides failed.
Conflicting daily indicators (MA’s in mixed setup / rising negative momentum / north-heading RSI) contribute to…
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GBPUSD – near-term action lacks clearer direction signal but overall still bullishly aligned
Cable is holding around 1.2700 mark in early Wednesday, following a triple upside rejection at 1.2770 zone.
Larger picture shows the pair trading below the middle of the range (1.2610/1.2827) which extends into fourth consecutive week…
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Bitcoin hits new multi-month high but bulls face headwinds from overbought studies
Bitcoin eases from the highest since April 2022 in early Tuesday’s trading, after hitting levels above 47000 on Monday, in renewed attempt to break out of the multi-week range.
Monday’s close above 47000 after 6.5% advance, adds to…
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Inflation in Tokyo continues to slow, easing pressure on BOJ to start tightening monetary policy
The latest data on core inflation in Tokyo, Japan, indicates a slowdown for the second consecutive month in December. This decrease in inflationary pressures, driven by a reduction in cost-push factors, may alleviate some pressure on the…
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USDJPY – fresh easing warns of recovery stall
USDJPY eases on Monday, after strong four-day recovery rally stalled just ahead of pivotal Fibo barrier at 146.08 (50% retracement of 151.90/140.25 downtrend) and weighed by a bull-trap above 144.70 (Fibo 38.2% of 151.90/140.25).
Last…
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WTI oil price falls sharply, on track for the biggest daily loss since mid-November
WTI oil price fell nearly 5% on Monday, deflated by decision of top oil exporter, Saudi Arabia, to cut February selling price to Asia to the lowest in over two years and rise in OPEC output.
The measures partially counter persisting…
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AUDUSD – bears are regaining traction after Friday’s pause
AUDUSD returned to red and fell below 0.6700 mark (reinforced by daily Kijun-sen), signaling that bears are regaining control after Friday’s long-legged Doji pointed to strong indecision.
Risk sensitive Australian dollar came under…
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EURUSD – near-term action remains in sideways mode and looks for direction signals
Near-term action remains directionless and holding within the range which extends into fourth consecutive day.
Friday’s long-legged Doji, left after turbulent post-NFP action, contributes to sideways mode, along with mixed daily…
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