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Trending
- Euro eases towards 1.10 support after repeated rejection at trendline resistance
- Gold price rises above $1500 but larger range is still intact
- Consolidation to precede fresh upside while converged 10/100DMA’s hold dips
- Positive news and bullish techs fuel fresh extension higher
- Oil price consolidates after two-day fall; fresh direction signals on break of $56.60 or $60.00
- Bulls regained control after being briefly hit BoE’s Brexit warning
- Aussie extends weakness on less dovish than expected Fed, rising expectations for RBA rate cut
- Choppy directionless mode extends
- Cable remains capped by 100DMA but still biased higher
- Yen firmed after unchanged BoJ but strength is likely to be limited