Windsor News & Research Blog - Forex & CFD Market Analysis

Near-term range is narrowing the Euro turned into directionless mode ahead of this week’s key event – FOMC policy meeting, which is eyed for fresh signals. Near-term action is extending into third consecutive daily Doji that signals…
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The dollar index came under pressure on fresh risk mode and weighed by recession fears amid Fed’s aggressive rate hike path that threatens of further slowdown of the economy. Fresh bears pressure last Friday’s two-week low (105.97) on…
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Cable regained traction on Monday and rose again above psychological 1.20 barrier which resisted several attacks last week. Fresh bulls are supported by rising momentum as 14-d momentum indicator emerged into positive territory and last…
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German Ifo Institute data showed that business sentiment in the Europe’s largest economy continued to weaken and hit 88.6 in July, the lowest since April 2020 record low, when coronavirus crisis significantly slowed economic activity.…
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WTI oil remains at the back foot and extends weakness to one-week low ($92.88) on Monday. Oil prices are weighed by growing demand concerns as the US central bank is expected to make another big rate hike this week that threatens of…
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The USDJPY is consolidating in early Monday after strong bearish acceleration last Thu/Fri that extended pullback from new 24-year high to two-week low (135.57). Friday’s close below initial Fibo support at 136.31 (23.6% of 126.36/139.39…
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The Euro recovers from today’s drop, with minor impact from weak EU PMI numbers that add to concerns about contraction in the third quarter but lacking direction for the third quarter. The single currency also failed to benefit more from…
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Cable extends directionless mode into fourth straight day, trading between 10DMA (1.1923) which offers solid support and strong barriers at 1.20 zone (psychological / falling 20DMA / Fibo 38.2% of 1.2406/1.1760 bear-leg. Pound benefited…
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Eurozone Composite Purchasing Managers’ Index, which tracks the activity in manufacturing and services sectors and is seen as a gauge of overall economic health, fell to 49.4 in July, hitting the lowest since March 2021, on fall from 52.0…
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The Euro made a large swings after ECB’s surprise 50 basis points rate hike, with initial reaction being positive, though the rally stalled again under pivotal barrier at 1.0283 (daily Kijun-sen / 50% retracement of 1.0614/0.9952).…
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