USDJPY – bulls hold grip despite multiple failure at pivotal Fibo barrier
USDJPY regains traction on Thursday and retraces a part of two-day pullback, which was sparked by repeated failure to clearly break Fibo barrier at 146.10 (76.4% of 151.94/127.22 descend).
Bullish setup of daily indicators adds…
Read More...
Read More...
Gold price climbs to two-week high
Recovery leg from $1884 (Aug 17/21 double-bottom) extends into fourth straight day and hit two-week high in early Thursday’s trading.
Gold’s near-term action remains underpinned by weaker dollar and increased demand as traders await…
Read More...
Read More...
Oil prices accelerate lower on fresh demand concerns
WTI oil price fell around 1.6% on Wednesday after weak manufacturing data from Japan, Eurozone and Great Britain (PMI’s stay in contraction territory below 50 threshold) raised concerns about demand and further soured near-term sentiment.…
Read More...
Read More...
GBPUSD slumps as weak UK PMI data warn of further economic slowdown and increased risk of recession
GBPUSD was sharply lower in European trading on Wednesday, as the price broke pivotal support provided by daily cloud base, with downbeat UK PMI data further souring near-term sentiment and adding to bearish pressure.
UK manufacturing…
Read More...
Read More...
EURUSD – Bears keep control ahead of Jackson Hole meeting
The Euro remains under increased pressure in early Wednesday and fell to the lowest in nine weeks, after probe through former higher base at 1.0835 zone (late June / early July.
Eurozone PMI data was the key release of the European…
Read More...
Read More...
GBPUSD – risk of recovery stall on close below cloud base
Cable continues to move within thickening daily cloud and hit new marginally higher two-week high on Tuesday, but quick pullback warns that bulls might be losing traction.
Near-term action is expected to keep slight bullish bias while…
Read More...
Read More...
AUDUSD – initial signals of correction after five-week bear-run
Australian dollar edged higher on Monday and is on track for possible first bullish daily close in ten days, which may generate initial reversal signal.
Long tails of candles of past two days point to growing bids, with daily stochastic…
Read More...
Read More...
Gold turns to sideways mode, awaiting fresh signals from Jackson Hole meeting
Gold is holding within a narrow consolidation, just above new five-month low, for the second consecutive day.
Larger bears started to lose steam after four straight weeks of losses (down 3.6%), as traders reduced pace on oversold daily…
Read More...
Read More...
EURUSD – daily cloud base to cap corrective upticks and keep larger bears in play
The Euro is keeping slight bullish bias in early Monday and probing above broken Fibo support at 1.0879 (61.8% of 1.0635/1.1275 rally), as oversold stochastic on daily chart points to some price adjustment before larger bears regain…
Read More...
Read More...
Dollar index hits new two-month high
The dollar index hit new near two-month high on Friday, after price action slightly reduced speed on Thursday.
Break of Fibo resistance at 103.32 (76.4% of 104.59/99.20) marks fresh bullish signal, which looks for confirmation on weekly…
Read More...
Read More...