Cable remains volatile and looks for clearer direction signals
Cable eases in early Friday, following strong rebound in past two days which lost traction at the first strong obstacle at Fibo 38.2% of 1.3147/1.1933 descend, denting initial signal of reversal.
Sterling was boosted by BOE’s rate hike by…
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US retail sales unexpectedly drop in May
The US retail sales dropped by 0.3% in May, falling below expectations for 0.2% rise and against downwardly-revised 0.7% increase in April, while core retail sales, which exclude gasoline, automobiles, food services and building materials…
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Bears are taking a breather, awaiting fresh signal from Fed’s decision
The AUDUSD rebounds on Wednesday after five straight days of steep fall, as revived risk sentiment gave fresh boost to Aussie.
Oversold daily techs and potential formation of bullish engulfing pattern today, may act as initial reversal…
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Dollar is positioning ahead of Fed
The dollar eases on Wednesday, as traders collected profits from the past four-day rally but also look for better levels to -re-enter bullish market, as outlook for the dollar, according to latest expectations for tomorrow’s Fed decision,…
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Reversal pattern is forming on daily chart but outlook remains negative on expectations for more…
The Euro bounces in early Wednesday following announcement that ECB’s will hold an unscheduled and rare meeting regarding the turmoil in bond markets.
The ECB officials will discuss the problem of sharp rise of bond yields since the ECB…
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Bitcoin falls to 18-mth low; consolidation likely to precede push towards key supports
The Bitcoin hit the lowest in 18 months on Tuesday, in extension of Monday’s 15% drop, following weekly gap-lower opening and subsequent acceleration lower,
Crypto’s remain under pressure from Fed rate hikes, while the latest US…
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Psychological 1.20 support comes in focus, with risk of extension towards March 2020 low
Cable extends its steep fall into fifth straight day and dented pivotal Fibo support at 1.208 (76.4% of larger 1.1409/1.4249 Mar 2020/May 2021 rally), after fresh bearish signal was generated on Monday’s close below former 2022 low at…
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Bulls are pausing under key long-term support
Triple daily Doji and early Tuesday’s action moving within a narrow range suggest that bulls faced headwinds after initial attempt through key long-term barrier at 135.06 (2002 high).
Overbought daily studies and strong bullish momentum…
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Gold drops 2.5% as dollar surges on rising expectations for more aggressive Fed
Spot gold fell sharply on Monday, losing nearly 2.5% of its value until early US session, in the biggest daily drop since Mar 9.
Red-hot US inflation in May added to strong concerns about the negative impact on the economy, as price growth…
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Aussie drops below 0.70 in extension of last week’s strong fall
The AUDUSD extends steep fall into fourth straight day and falls below 0.70 support for the first time in one month.
Risk aversion and stronger US dollar on expectations for more aggressive Fed after another red-hot inflation figure, keep…
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