Bulls face strong headwinds at key resistance zone
The pair eases on Tuesday, following re-peated rejection under key barriers at 108.92/99 (Fibo 38.2% of 112.40/106.78 / 10 July high), weighed by losses of GBPJPY which leads JPY gamma.
Bulls face difficulties to progress within thick…
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Sterling can retest post-Brexit vote low on dramatic no-deal Brexit scenario
Cable extends steep fall in early Tuesday’s trading to the lowest level since March 2017, in extension of Monday’s 1.28% fall (the biggest one-day loss since 15 Nov 2018).
The pound collapsed after new PM Boris Johnson said that Britain…
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Aussie extends weakness and hits new 5-week low
Bears cracked round-figure support at 0.6900 on Monday, in extension of steep fall last week, when the pair registered 1.85% weekly fall.
Fresh weakness posted new five-week low, as the US dollar continued to rise on Monday and extended…
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Range-trading extends into second week in absence of stronger direction signals
WTI oil price is trading within narrow range on Monday and extending directionless mode into second week.
Talks between Iran and major powers over the weekend ended in overall positive tone that increased pressure on oil price, but…
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Extended consolidation likely to precede fresh attack at key 1.11 support zone
The Euro holds in extended consolidation above new 2019 low (1.1101) but remains biased lower, following limited upside action and technical studies in full bearish setup.
Bears look for eventual break through cracked key 1.11 support zone…
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Bears extend to new 28-mth low as fears of no-deal Brexit scenario maintain pressure
Cable remains firmly in red and fell to new 28-month low in early Monday’s trading, following bearish signal from Friday’s marginal close below former low at 1.2382 (17 July).
Fears of no-deal Brexit under new PM Boris Johnson remain main…
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Aussie breaks below thick daily cloud on increased pressure after solid US data
The AUDUSD pair extends steep fall into sixth straight day and accelerated to new over two-week low after better than expected US data.
Bears broke below important Fibo support at 0.6927 (61.8% of 0.6831/0.7082 ascend) and probed below the…
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Breach of triangle support shifts focus lower
Cable remains biased lower following double upside rejection under falling 20DMA (1.2508) and fresh probe below triangle support line (1.2448), with bearish daily studies supporting scenario.
Initial enthusiasm after Boris Johnson became…
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Consolidation under 1.12 barrier to precede fresh attack at key 1.11 support zone
The Euro is holding within narrow range above new 2019 low in early Friday’s trading, after Thursday’s post-ECB roller-coaster action ended in long-legged Doji candle, signaling strong indecision at key 1.11 support zone.
The ECB kept…
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Euro on roller-coaster after unchanged ECB; less dovish than expected Draghi
The Euro fell to new 2019 low at 1.1101 in strong bearish acceleration after the ECB stayed on hold in today’s meeting, changed its forward guidance and pointed towards more efforts to push inflation towards its 2% target.
The ECB expects…
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