Bears pause above key Fibo support, awaiting BoE policy decision for fresh signals
Larger bears are pausing above new multi-month low, after sterling fell 4.3% in April, suffering the biggest monthly loss since June 2016.
Sterling bounced after failing to register weekly and monthly close below cracked pivotal Fibo…
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EU manufacturing activity slowed further in April
Eurozone manufacturing Purchasing Managers’ Index came at 55.5 in April, hitting the lowest in fifteen months, on a drop from 56.9 in March, although slightly above consensus at 55.3.
The figure still holds above 50 threshold that…
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Aussie remains in red after April’s 5.6% fall; Tuesday’s RBA meeting in focus
The AUDUSD started trading in May in negative mode and extended to new lowest since Jan 2020 in early Monday, despite holiday-thinned Asian markets.
Nears remain fully in play after 5.6% drop in April, the biggest monthly loss since May…
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Bulls are taking a breather under new multi-year high, following strong rally in April
The dollar is consolidating just under new 20-year high, posted after a brief probe above former tops of 2017/2020 (103.80) and maintain firm bullish tone.
The greenback remains well supported by a number of technical and fundamental…
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Oil rises further on supply disruption fears
WTI oil price rose for the fourth straight day on Friday, supported by growing fears over Russian supply disruption that offset concerns about the impact from China’s lockdowns.
Fresh extension higher generated bullish signals on break of…
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Bears take a breather but downside pressure remains strong
The Euro turned positive for the first time after six straight days in red, as traders collected profits, but recovery attempts were so far limited and facing strong headwinds.
Oversold daily studies suggest the pair may enter correction,…
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Eurozone inflation rises to new record high in April
Eurozone inflation rose to a new record high at 7.5% in April from 7.4% in March, in line with expectations.
Surging energy and food prices were the main contributors to further rise in consumer prices, with high readings causing a…
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Aussie bounces on RBA rate hike expectations but overall picture remains negative
The AUDUSD edges higher on Friday as traders collected profits on oversold conditions after steep six-day fall, with the sentiment being improved by growing expectations for RBA’s 0.15% rate hike.
Although reversal pattern is forming on a…
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Bears crack pivotal supports at $1900 zone as dollar rises further
Spot gold fell to 10-week low on Thursday registering a firm break of psychological $1900 level and a marginal close below important technical support at $1890 (Fibo 61.8% of $1780/$2070 / lows of Mar 29 and Apr 25) on Wednesday that added…
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USDJPY surges through 130 barrier after dovish BOJ; US GDP data eyed for fresh signals
The USDJPY accelerated sharply higher on Thursday and broke above psychological 130 barrier, to hit 20-year high and test pivotal Fibo barrier at 130.65 (76.4% retracement of 1998/2011 147.68/75.55 downtrend.
The Japanese yen is in strong…
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