EURGBP in extended sideways mode and looks for fresh direction signal
EURGBP keeps bullish stance but a multiple failure under 200DMA (0.8709) warn that bulls face strong headwinds and keep larger rally on hold.
The price has stayed below 200DMA indicator since early May that adds to signals of stall, as…
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EURUSD – bears may take a breather before larger downtrend resumes
EURUSD hit new multi-month low early Wednesday and showing scope for further weakness after break of pivotal Fibo support at 1.0611 (38.2% of 0.9535/1.1275) generated fresh bearish signal.
Bears cracked next strong support at 1.0553 (top…
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Cable falls further, psychological 1.20 support coming in focus
Cable dips below 1.22 mark on Tuesday, hitting the levels last traded in mid-March, in extension of the downtrend which steepened in past five days.
Soured risk sentiment and strong dollar on signals that the Fed may raise interest rates…
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Gold under pressure from strong dollar, attack at $1900 likely after consolidation
Gold price fell to ten-day low on Tuesday, under increased pressure from rising dollar which is trading at the highest in ten months.
Fed’s narrative about one more rate hike towards the end of the year and signals that the central bank…
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EURUSD dips to the lowest in over six months on weak German data and firmer dollar
EURUSD came under renewed pressure in mid-European / early US trading on Monday and broke through pivotal support at 1.0611(Fibo 38.2% of 0.9535/1.1275 rally), after bears were repeatedly rejected last Thu/Fri.
Fresh weakness signals…
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USDJPY – bulls hold grip and eye 150 target
USDJPY extends advance and hit the highest since early November in early Monday, as the greenback enjoys strong support from diverging Fed and BOJ monetary policies and less talks about Japan’s intervention
In the last week’s meeting,…
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Dollar hits new multi-month high against the basket of major world currencies
The dollar index keeps firm tone and penetrating thickening weekly cloud in early Monday (cloud base lays at 105.25) after registering a weekly close above pivotal Fibo barrier at 105.13 (38.2% retracement of 114.72/99.20 downtrend) which…
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Weak UK economic data add to cable’s negative outlook
Bears tightened grip on Friday, offsetting initial positive signal of Thursday’s long-tailed daily candle, formed on post-BoE dip and subsequent bounce.
Fresh weakness is pressuring six-month low (1.2231) and nearby 55WMA (1.2204) which…
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EURUSD – overall picture is bearish but headwinds continue to slow the action
EURUSD keeps negative tone, but near-term action seems to be lacking firmer direction signals.
Wednesday’s strong upside rejection left a daily candle with long upper shadow and formed a bull-trap above 10 DMA, signaling strong bearish…
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USDJPY rises towards 2023 high on dovish BOJ
USDJPY bounced after BOJ policy decision, reversing Thursday’s loss and pressuring new 2023 high.
The Bank of Japan left its ultra-low interest rate unchanged, in line with expectations and kept its dovish stance in a forward guidance…
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