Close within daily cloud to signal further weakness
Cable extends weakness into the second consecutive day, pressured by higher dollar on strong US NFP beat, which partially offset negative impact on expectations that the Fed would stay on hold in \June policy meeting.
Fresh bearish…
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Oil price jumps on Saudi big oil cuts
WTI oil opened with 2.6% gap higher on Monday, lifted by decision of Saudi Arabia to reduce production to 9 million barrels per day in July from 10 million in May, the biggest reduction in years.
The Saudi Arabia’s cut comes on top of…
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Strong US job growth in May tempered by lower wages and jump in unemployment
US employers hired 339,000 workers in May, well above forecasts for increase in payrolls by 190,000 and April’s upwardly revised figure from 253,000 to 294,000.
May’s rise in payrolls was the strongest since January, indicating that the…
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AUDUSD – strong recovery extends into second straight day
Australian dollar extends strong rally into second straight day, lifted by weaker US dollar on debt ceiling deal, signals that China is working on new property market support package, expected wage raise as from July 1 and higher than…
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Cable at two-week high above 1.25 ahead of US labor report
Cable is establishing above 1.2500 mark, in extension of six-day rally from 1.2310 higher base, boosted by hawkish BoE outlook, with the latest acceleration sparked by fresh weakness of the US dollar, as tensions about debt ceiling eased.…
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Euro holding steady after Thursday’s bounce, key barriers at 1.08 zone in focus again
Near-term focus shifted higher following Thursday’s strong bounce on repeated failure under 1.07 support, which formed bullish engulfing pattern on daily chart and confirmed a bear-trap under 1.0652 Fibo support
The Euro hit one-week…
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USDJPY remains at the back foot ahead of key US labor report
The USDJPY holds in red for the fourth straight day and hit one-week low on Thursday, as markets await release of US May labor report on Friday.
Today’s ADP report showed much stronger than expected hiring in the US private sector,…
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Eurozone inflation falls below expectations in May
Inflation in the Eurozone eased more than expected in May, suggesting that recent cycle of the fastest ever increase of interest rates is starting to give results and also ease pressure on the European Central Bank for the future steps in…
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Bears hold grip ahead of EU inflation report
The Euro remains at the back foot in early Thursday despite Wednesday’s strong downside rejection and signal of bear-trap formation on daily chart, as well as constructive signals from daily chart (fading bearish momentum / north-heading…
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Turkish lira remains in a free fall after elections
The USDTRY is holding in a sharp post-election bullish acceleration for the second consecutive day, hitting a series of new record highs, with the last one at 20.74 zone, posted on Wednesday, after a gap higher opening.
Lira’s sentiment…
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