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The Euro extends advance and broke above 1.10 barrier on Friday, following strong rally on Thursday (the pair was up over 1% in the biggest one-day gains since 5 Aug). Dovish shift from Fed that raised expectations for rate cut, deflated…
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The Euro extends recovery on Thursday and pressuring pivotal barriers at 1.0954 (falling 30DMA / Fibo 38.2% of 1.1239/1.0778), after taking out initial barrier at 1.0904 (20DMA). Fresh bullish acceleration emerged after Wednesday’s…
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The WTI oil’s near-term action remains firmly in red and extends steep fall into fourth straight day. Today’s break below psychological $50 level and former low at $49.41 (4 Feb) pushed oil price to the lowest levels since early January…
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The pair edged higher in early Wednesday’s trading, in consolidation after steep fall in past three days as dollar was sold on rising expectations of Fed rate cut. Growing fears of coronavirus pandemic after signs of rising numbers of…
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Spot gold price dipped on Tuesday after steep, week-long rally hit new 7-year high but showed initial signs of stall on Monday’s daily candle with very long upper shadow, formed after strong upside rejection on approach to psychological…
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Recovery attempts from new 11-year low (0.6583) were so far mild, as today’s action is back to red on fading signals of renewed risk appetite. Fresh optimism on comments of possible vaccine for coronavirus and brief easing of US dollar…
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The pair extends weakness from double rejection at 112.22/18 into third day and retests Fibo support at 110.39 (23.6% of 104.44/112.40 ascend) which contained Monday’s fall. Dovish steer from Fed in rising expectations that the US…
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Cable accelerated higher in late Asian/early European trading on Tuesday as dollar softened on rising expectations that the Fed may cut interest rates this year to reduce negative impact from coronavirus epidemic on the economy. Fresh…
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The Euro remains firm and holding near recovery high at 1.0871 (Monday’s high) inflated by lowered concerns about coronavirus pandemic risk that revived demand for riskier assets. Monday’s repeated close above 10DMA was initial bullish…
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The Aussie is holding near new marginally lower low (0.6583), posted after Monday’s gap-lower opening, hammered by increased risk aversion on fears after coronavirus spread outside China. Friday’s recovery attempt on strong downside…
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