Euro probes again above key 1.10 resistance zone
The Euro probes through key barriers at 1.10 zone on Wednesday additionally boosted by proposal of the European commission for rescue package worth 750 billion euros.
The pair extends Tuesday’s advance (up 0.8% for the day), also driven by…
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Bulls are pausing under key barriers
Bulls are taking breather on Wednesday after Tuesday’s 1.5% advance and holding within tight consolidation under key barriers at 0.6655/72 (200DMA / Fibo 76.4% of 0.7032/0.5509) which were cracked but so far resist.
Renewed risk mode on…
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Bulls remain in play but unable to extend higher
WTI oil maintains positive tone on rising optimism as global re-opening after pandemic lockdown boosts demand, but bulls struggle at recovery highs (marginally higher high at $34.77 was posted today but the price subsequently pulled back…
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Fresh bullish acceleration pressures key barriers
The Australian dollar rallies on strong risk mode on Tuesday and hit the highest since 10 Mar.
Extension above former high (0.6616) is pressuring 200DMA (0.6656), with break here to generate bullish signal for continuation of uptrend from…
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Impressive rally on sidelined idea of negative rates, Brexit optimism
Cable advanced 1.2% on Tuesday, with strong acceleration seen during European session, when the pair hit two-week high at 1.2349.
Comments from BoE’s Chief Economist Haldane that the central bank is not close to introduce sub-zero interest…
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Better than expected German data inflate Euro but thick daily cloud weighs
The Euro rose to 1.09 handle on Monday, inflated by better than expected German Ifo data (May 79.5 vs 74.2 previous and 78.3 f/c).
German business morale improved in May as pandemic restriction eased, signaling the economy takes recovery…
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Cable maintains bearish bias and eyes key supports at 1.2074/28
Cable edges lower on Friday, maintaining bearish bias for the third consecutive day after brief recovery was capped by thin daily cloud and falling 10DMA that keeps bear-leg from 1.2642 high intact.
Pound is weighed by talks about negative…
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Euro remains within larger range after failure at 1.10 resistance zone
The Euro is holding in red for the second day and emerges below the base of thickening daily cloud base (1.0931) in early European trading on Friday.
Fresh weakness followed another upside rejection at 1.10 zone (recovery was capped by…
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