Sterling rises on renewed risk appetite, break of key barriers needed to signal further recovery
Cable cracked 1.17 barrier and hit two-week high on Monday, following a gap-higher opening on renewed risk appetite.
Fresh bulls extend last Friday’s rally, which despite facing headwinds, managed to generate initial bullish signal on…
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Dollar’s pullback faces headwinds at key supports but negative signals prevail
The dollar holds in red for the third straight day, though the pullback from new 20-year high, posted on Wednesday, faced strong headwinds at 108.56/37 zone (rising 20DMA / Fibo 38.2% of 104.49/110.77 upleg).
The dollar is taking a…
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Inflation in China slows in August
China’s consumer prices rose by 2.5% in August, compared to the same period last year, slowing from 2.7% previous month and falling below expectations for 2.8% increase.
The same report showed that producer prices increased by 2.3%, the…
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Recovery gains traction but looks for further positive signals
Recovery picks up on Friday and cracks 1.01 barrier, driven by a hawkish stance from the ECB, following central bank’s decision to raise interest rates by 75 basis points and remaining on track for further tightening, along with weaker…
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Intervention warnings lift yen from 24-year low
The USDJPY accelerates lower in European trading on Friday, (down 1.4% for the session), as Japanese officials ramped up warnings about possible intervention to stop yen’s strong fall, as the currency hit the lowest in 24 years against the…
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Cable bounces to the highest in Sep on profit taking, weaker dollar
Cable jumps above 1.16 barrier on Friday, hitting the levels last traded on Aug 31, as dollar bulls started to lose steam, additionally deflated by intervention signals from Japan.
Fresh advance was sparked by a profit-taking after…
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The ECB raises interest rates by 75 basis points
The European Central Bank raised all three key interest rates by 75 basis points on their September policy meeting today, remaining firmly on track to bring soaring inflation under control.
The decision was widely in line with…
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Deepening crisis prompts the EU to overhaul its fiscal rules
European Union fiscal rules have been called many names and changed many times but were not designed to deal with the crisis the bloc is currently facing.
The European Union finance ministers will meet on Saturday to discuss the issue,…
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Sterling is consolidating above new multi-decade low as markets await for details of new…
Cable remains at the back foot following Wednesday’s brief probe below 2020 low (1.1410) that posted new lowest since 1985.
Subsequent bounce left Hammer candlestick, generally bullish signal, which so far did not provide any positive…
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Recovery faces headwinds at parity, all eyes on ECB
The Euro edges lower in early European trading on Thursday, following 1.02% bounce on Wednesday, as recovery is facing strong headwinds from parity area, now reverted to significant resistance.
Technical studies on daily chart have…
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