EURCHF hits a multi-month low as weakening business activity warn of recession
EURCHF fell to the lowest since late September on Monday, after weaker than expected German / French / EU PMI’s in July sparked fresh acceleration lower.
Bears broke through lower base at 0.9605 zone, with close below this support to…
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GBPUSD – second Doji signals that bears might be losing traction
Cable edged lower in early Monday and hit new marginally lower two-week low, after bears probed through pivotal supports at 1.2866/48 (Fibo 50% of 1.2590/1.3141 / 20DMA) though losses were limited and near-term action influenced by Friday’s…
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EURUSD extends pullback on weaker than expected EU / German manufacturing PMI’s
EURUSD remains in red for the fifth straight day and accelerated lower on Monday morning, as weaker than expected German / EU manufacturing PMI data (hit the lowest in three years in July) further soured the sentiment.
Downbeat PMI…
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WTI oil – tightening supply continues to underpin the price
WTI oil edged higher on Friday and holding near the ceiling of near-term range, but still without a clear direction.
Signals that oil supplies are tightening, primarily due to the latest decisions of OPEC+ main members, Russia and Saudi…
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Gold stands at the back foot, awaiting fresh signals from Fed
Gold price eases for the second straight day after repeated failure at pivotal Fibo barrier at $1986 (50% retracement of $2080/$1892), deflated by stronger dollar on renewed uncertainty about US rate outlook.
The US Federal Reserve…
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GBPUSD-bears are taking a breather above important supports
Pullback from new 2023 peak extends into sixth straight day, although bears face headwinds at important support zone at 1.2866/43 (50% retracement of 1.2590/1.3141 upleg / 20DMA) and consolidating above these levels in European session on…
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USDJPY recovery accelerates on expectations of further widening of Fed/BOJ policy gap
USDJPY rose to 1 ½ week high in early Friday, following break of pivotal barriers at 140.00/22 (psychological / Fibo 38.2% of 145.06/137.23 bear-leg).
Bulls remain firmly in play for the third straight day and verifying reversal signals…
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Dollar index: bulls gain traction but recovery likely to be limited
The dollar index keeps firm tone and pushing through psychological 100 barrier again, after Wednesday’s spike higher failed to register close above this level.
Recovery from 2.9% drop in past two weeks (which accelerated on cooler than…
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EURGBP – dovish shift in BoE rate outlook adds pressure on sterling
EURGBP cross keeps firm tone and extends steep ascend into fifth consecutive day on Thursday, despite Wednesday’s strong upside rejection just under falling 100DMA (0.8702) and daily cloud top (0.8705) which left bullish daily candle with…
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Aussie dollar sharply up on robust labor data and forming reversal pattern on daily chart
Australian dollar bounced around 1% in early Thursday, reversing more than a half of four-day 0.6894/0.6750 pullback and suggesting that correction from 0.6894 double-top of July 13/14, might be over.
Aussie dollar received strong…
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