GBPUSD – fresh recovery acceleration opens way for retest of key barriers at 1.3443/44
Cable jumped around a hundred pips on Monday morning, lifted by weaker dollar on surprise US credit rating downgrade and the latest EU/UK agreement on defense.
Fresh advance attempts to break above three-day congestion that would signal…
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Dollar index to remain constructive above 100 support
The dollar index holds within a narrow range on Friday, some hundred pips under new one month high (101.76) but keeps bullish bias above 100 level.
The dollar is on track for the second consecutive close above psychological 100 support…
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US retail sales showed minor rise in April
US retail sales ticked up 0.1% in April, marking strong declaration from the previous month, when sales jumped by 1.7% (upwardly revised from initial 1.4% release), but came slightly above 0.0% consensus.
Highly uncertain outlook that…
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Oil prices drop on oversupply concerns as US and Iran are close to reach a deal and US crude stocks…
WTI oil price fell over 3% on Thursday morning, as positive sentiment was soured by the latest encouraging news about US-Iran nuclear talks which may result in easing of sanctions on Iranian oil export and unexpected strong build in US…
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Gold price falls further as US-China trade deal fuels risk appetite
Gold price fell through key supports on Wednesday, deflated by growing optimism on US-China trade deal that cooled fears about deeper economic crisis and offset other factors that boost safe haven demand.
Fresh wave of risk appetite…
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Cable – bulls hold grip ahead of UK GDP data
Cable keeps firm near term tone and extends recovery after Tuesday’s 1% rally generated positive signal on over 50% retracement of 1.3444/1.3139 pullback and completion of bullish engulfing pattern on daily chart.
Fresh extension higher…
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USDJPY – pullback accelerates on pressure from bull-trap /falling thick daily cloud
USDJPY extends pullback from new multi-week high (148.64) into second consecutive day, as overbought conditions prompted traders to collect profits.
Larger uptrend faced increased headwinds from falling daily Ichimoku cloud (brief…
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US inflation rises less than expected in April but economists expect stronger impact from tariffs in…
US consumer price index increased 0.2% m/m in April after dipping 0.1% last month (the first negative figure in five years) and missed expectations for 0.3% rise.
Annualized inflation increased by 2.3% in April after advancing by 2.4%…
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Dow Jones surges as trade deal boosts risk appetite
Dow is trading at the highest in nearly six weeks at the start of the US session on Monday, after it opened with a gap-higher in Asia and advanced around 1.3% since then.
The latest trade deal between US and China provided strong relief…
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Crude oil price rises further as positive moves in US-China trade talks improve the sentiment
WTI oil price jumped over $2 on Monday following success of US-China trade talks over the weekend that eased tensions and signaled that world’s two largest oil consumers are on the way to resolve their trade conflict.
The markets…
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