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Cable extends weakness in the US session on Friday after being hit by weak US retail sales data that added to expectations of rate cut at the end of rge month’s BoE policy meeting, with additional pressure from upbeat US housing data…
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The pair advances strongly on Friday after US-China trade deal provided relief and boosted appetite for riskier assets. Reversal pattern is forming on daily chart after Thursday’s action was strongly rejected at the downside and…
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The Australian dollar regained traction and advanced towards multi-day range tops, following strong upside rejection on Thursday after the price spiked to 0.6933 but subsequently reversed and closed in the middle of the range. Solid…
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The Euro stands at the back foot in early Friday’s trading and returns below 200DMA (1.1135), adding to negative signal, generated on Thursday’s strong upside rejection which resulted in bearish daily candle with long upper shadow that…
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Cable ticked higher in early Friday’s trading and hit one-week high (1.3099) in extension of rally in past three days ahead of release of UK retail sales data. Fresh recovery is underpinned by rising daily cloud which contained pullback…
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WTI oil price bounced on Thursday after triple failure to clear 200DMA ($57.70) support. Initial reversal signal is forming on daily chart after price action in past two days ended in Doji candles and subsequent advance.…
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The Australian dollar advanced on Thursday and hit the highest since 7 Jan, in attempts to eventually break above three-day congestion, which was signaled by double Doji candles. Strong risk sentiment after US-China trade deal was signed,…
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Turkish lira rose against US dollar after CBRT surprised markets by 0.75% rate cut to 11.25% vs widely expected half percent easing. The central bank said that current policy stance remains consistent as inflation outlook continues to…
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The Euro maintains firm tone on Thursday and keeps focus at the upside after strong bullish signal was generated on Wednesday’s surge and close above key 1.1140 resistance zone. Rising bullish momentum on daily chart and MA’s in bullish…
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The pair regains traction after bulls paused in past two days, as US-China trade deal reduces uncertainty and reduces demand for safe-haven yen. Fresh bid attacks again cracked 110 barrier after bulls spiked to 110.21 but failed to close…
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