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The US dollar fell against safe-havens and rose against other currencies on news about new tariffs on goods from China, with Australian dollar being the top loser among major currencies. The pair hit new eight-month low in extension of…
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WTI oil price is consolidating above new six-week low at $53.58, posted after nearly 6% fall on Thursday. Oil was already under pressure after hawkish Fed on Wednesday that boosted dollar and sold after President Trump’s tweet above more…
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The pair falls further in early Friday’s trading and pressuring key short-term support at 106.78 (25 June low) following 1.31% fall on Thursday (the biggest one-day loss since 17 May 2017). Message from President Trump that the US would…
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Cable is holding near new 31- month low at 1.2100, posted earlier today and awaiting news from BoE’s policy meeting today. Recovery attempt on Thursday stalled at 1.2249 and pound fell quickly after Fed cut rates in expected action but…
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The Euro fell to the lowest levels in over two years against dollar in early Thursday’s trading, in extension of strong post-Fed fall on Wednesday, when the pair was down 0.72%. The single currency was hit by hawkish stance from the Fed,…
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WTI oil price rose above important technical barrier at $58.62 (Fibo 61.8% of $60.96/$54.84 / daily cloud top) on Wednesday, extending advance for the fourth straight day. Oil price accelerated higher in late Tuesday, boosted by API crude…
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Eventual break and close below key supports at 5.5740 (Fibo 61.8% of 5.1595/6.2445 ascend) and 5.5649 (200DMA) generated strong bearish signal for deeper decline, in extension of downtrend from 6.2445 (2019 high). Bears eye psychological…
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The Euro showed mild reaction on a batch of data from the EU today, as upbeat German retail sales and slightly better than expected jobs data were offset by French and Spanish GDP, which came in line and slightly below expectations, while…
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The Australian dollar bounced from new six-week low (0.6862) on Wednesday, boosted by better than expected inflation data. Australia’s annualized CPI rose 1.6% in Q2 from 1.3% in Q1 and beating forecast at 1.5%, while monthly rise was 0.6%…
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The cross rose to new multi-month high at 0.9189 on Tuesday, in extension of Monday’s strong bullish acceleration (the pair was up nearly 1.5% for the day on the biggest daily advance since 15 Nov 2018) fueled by rising fears of disorderly…
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