Repeated close below key Fibo support to confirm strong bearish signal and risk drop towards 1.10…
The Euro remains heavy in early Monday’s trading and attempting to sustain break below pivotal Fibo support at 1.1290 (61.8% of 1.0635/1.2349 ascend), following initial bearish signal on last Friday’s marginal close below this level.
Two…
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Oil drops to five-week low on growing Covid concerns in Europe
WTI oil fell below $75 per barrel on Friday, hitting five-week low, as sentiment soured further on fresh concerns about the health situation in Europe.
Austria is to enter full lockdown next week, with Germany likely to follow, with…
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Sterling loses traction despite strong data, dragged by weaker euro
Sterling fell across the board on Friday, weighed down by weakness of Euro, as new lockdowns in Europe on surging coronavirus cases soured the sentiment.
Austria will start a lockdown on Monday with high possibility that Germany would…
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Stock market traders are waiting for the introduction of the new US Federal Reserve chairman
Regarding the introduction of the new US Federal Reserve chairman by the Biden administration in the next few days, financial and stock market traders are worried about the new chairman's plans for the Federal Reserve's supportive and…
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Reversal signals fade as euro remains heavy on weak data and firm dollar
The Euro slips in early Friday, reducing hopes for stronger recovery, as fresh weakness offsets signal from reversal pattern that formed on daily chart. On Wednesday’s long-tailed Doji and Thursday’s long bullish candle.
Traders remain…
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FOMC is expected to increase the level of tapering and decrease expansionary policies in the…
In recent days in the stock markets, companies' financial reports have been better than expected, which has boosted demand on the stock market. On the other hand, the Federal Reserve is expected to increase the level of tapering at the…
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US and China are likely to use strategic crude oil reserves, and oil prices fall below the key level…
In the oil market and the Brent oil index, despite the decline in US crude oil inventories, published news shows that the US and China have planned to use their strategic oil reserves, leading to lower crude oil prices in the market.…
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USDTRY hits new record high on break above psychological 10 barrier; CBRT in focus as another rate…
The USDTRY cracked psychological 10 barrier at hit new record high in early Monday, extending larger uptrend, as lira’s sentiment remains negative on CBRT’s rate cuts and rising oil prices.
Technical studies are firmly bullish on all…
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Cable is consolidating above new 11-month low
Bears are taking a breather in early Friday after hitting new 11-month low, as traders collect profits from almost 1.4% drop in past two days.
Upticks are expected to offer better levels to re-enter bearish market, as weekly…
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The dollar hits new multi-month high in extension of post-US CPI rally
The dollar remains firm against the basket of major world currencies and extends advance to new 16-month high on Thursday, following strong rally on Wednesday, sparked by higher than expected rise in consumer prices.
The dollar index…
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