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The Euro returns below 1.10 handle in early American trading on Thursday, following mild reaction on US weekly jobless claims that rose to five-month high and temporarily deflated dollar. Fresh weakness pressures again key Fibo support…
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The cross continues to move gradually lower after eventually breaking below the floor of month-long congestion and hit new low at 0.8550 (the lowest since 7 May). Strong bearish setup on daily/weekly chart studies signals further weakness,…
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Weaker than expected UK retail sales (Oct m/m -0.1% vs 0.2% f/c; y/y 3.1% vs 3.7% f/c) had minor negative impact on sterling. Cable is slightly bid on Thursday but still holding within narrow range that extends into third day.…
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The Australian dollar dipped below 0.6800 mark (50% retracement of 0.6670/0.6929) and hit new one-month low at 0.6792 in early European trading on Thursday. Data released overnight showed strongest  fall in Australian employment in past…
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The Australian dollar fell to two-week low against its US counterpart on Wednesday, extending weakness into fourth straight day and breaking through important Fibo support at 0.6830 (38.2% of 0.6670/0.6929). Lack of breakthrough in…
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The cross jumped to the session high at 0.8585 after weaker than expected UK inflation data deflated sterling. UK CPI (y/y Oct 1.5% vs 1.6% f/c and 1.7% prev) fell to its lowest since Nov 2016, with BoE’s expectations for further fall…
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Cable is holding within tight range in early Wednesday’s trading ahead of UK inflation report. Near-term action is biased lower after daily Tenkan-sen (1.2870) repeatedly capped and Tuesday’s action ended in Doji candle, with uncertainty…
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The USDTRY pair extends bounce from 5.6850 (4 Nov low) where rising 200DMA contained bear-leg from 5.9378 (14 Oct high). Recovery returned above ascending and thickening daily cloud which twisted today and underpins the action. Monday’s…
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Spot gold remains in bearish mode and pressuring Monday’s new 13-week low at $1448, which lays just above key Fibo support at $1445 (38.2% of $1266/$1557 ascend. The metal’s price holds in red for the fourth consecutive day and was down…
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The cross is consolidating above new multi-month low at 0.8557, posted on Monday, with near-term action being slightly underpinned by unexpected improvement in German ZEW figure (Nov -2.1 vs -13.2 f/c, but the indicator remains in negative…
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