Slobodan Drvenica 411 posts 0 comments

The USDCAD bounced from new low at 1.3015 (the lowest since 25 Oct) and probed above 1.31 barrier after downbeat Canada’s retail sales (May -0.1% m/m vs 0.3% f/c / Core -0.3% vs 0.3% f/c) deflated loonie. Fresh advance fully retraced…
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The pair bounces from new low at 107.21 (Thu/Fri lows), boosted by profit-taking after two-day 108.32/107.21 fall. The dollar was hit by dovish comments from Fed on Thursday, but dips found footstep ahead of key support at 106.78 (25…
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Cable is consolidating under new recovery high at 1.2558, posted after Thursday’s nearly 1% advance (the biggest one-day rally since 3 May). Upbeat UK retail sales inflated pound with further acceleration higher being sparked by dovish Fed…
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The Euro stays bid and holding under session high at 1.1281 in early European trading after overnight’s dip was contained by converged 10/55 DMA’s / daily cloud top (1.1242). The single currency rallied strongly in late Thursday on dovish…
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The cross dips below 0.90 handle (reinforced by rising 10DMA) as pound was inflated by strong UK retail sales data and the single currency got hurt by renewed political turmoil in Italy. Bulls also showed signs of stall on Wednesday’s Doji…
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WTI oil price bounced from new two-week low at $56.20 on Thursday, boosted by renewed tensions in the Persian Gulf after Iran seized a foreign tanker in the strait of Hormuz. Oil price was down nearly $5 in past few sessions, following…
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Cable accelerated higher on Thursday, extending recovery off new 27-month low at 1.2382, boosted by stronger than expected UK retail sales data. Retail sales were up 1% in June, beating forecast of -0.3%, while annualized figure was up…
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The Euro extends rebound from strong 1.12 support zone into second day and generated initial positive signals on probe through thin daily cloud and a cluster of converged daily MA’s. Recovery needs more evidence for stronger upside signal,…
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The Australian dollar moved higher in Asia on Thursday, boosted by Australian jobs data and probed again above strong barriers at 0.7035/36 (daily cloud top / weekly cloud base). Full-time employment data showed strong rise in June (21.1K…
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The cross is attempting to establish above broken psychological 0.90 level after hitting new high at 0.9050 (the highest since 11 Jan) on Wednesday. Steep 2 ½ month uptrend accelerated on Tuesday and closed above 0.90 barrier for the first…
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