Windsor News & Research Blog - Forex & CFD Market Analysis

The Euro is holding around pivotal Fibo support at 1.0960 (23.6% of 1.0516/1.1095) after several attacks failed to register a daily close below this level, pointing to significance of support and adding to signals of another rejection.…
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Sharp drop from a narrow multi-week range (7.84/7.85) extends into the second consecutive day and generating an initial reversal signal, though with more evidence needed for confirmation of the signal. Fresh dip broke through strong…
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The cross extended steep fall into fifth consecutive day and broke below round-figure support at 0.8700 (reinforced by 200WMA) to hit the lowest since mid-December 2022. Bears also emerged below weekly cloud, adding to negative near-term…
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Strong rebound from new lowest since Dec 2021 ($63.63, May 4 low) in past three days is pausing on Tuesday after the action was capped by daily Kijun-sen and 50% retracement of $83.51/$63.63 fall. Bulls lost traction on weak China’s…
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The Euro regained traction on Monday after Friday’s action, shaped in long-legged Doji, signaled indecision. Near-term bias remains with bulls as price action stays above psychological 1.10 support the fourth straight day. The pair…
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The dollar index started the week in negative mode, pressured by speculations of a peak in Fed rates, as the central bank signaled on last week’s policy meeting. Some analysts also point to possible start of cutting rates, though the…
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Australian dollar keeps firm tone and extends last week’s 2.1% advance, hitting a three-week high in early Monday. Weaker US dollar on growing expectations that Fed’s tightening cycle might be over, lifted the Aussie dollar, while solid…
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WTI contract is holding in recovery mode for the second straight day, following a dramatic fall this week, which hit the lowest since Dec 2021 before bouncing. Oil was down over 15% before regaining ground, pressured by growing fears…
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The Euro regained traction and edged higher in early Friday, following drop on Thursday as the ECB slowed the pace of rate hikes with 25 basis points increase. Repeated rejection at psychological 1.10 support keeps immediate bullish…
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Cable hit new 2023 high in early Friday, lifted by results of UK local election, in which conservatives suffered heavy losses, as voters showed their disappointment over weak economic growth, high inflation and political scandals.…
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