Aussie rises on higher metal’s prices
The Australian dollar bounces on Monday after last week’s two-day pullback from new multi-week high (0.7546), inflated by fresh rise in metal’s prices.
Bulls regained traction after shallow dip but face headwinds from good offers at 0.7500…
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Euro loses traction after weaker than expected German Ifo data
The Euro fell to the session low in European trading on Monday, down over 40 pips, deflated by weaker than expected German Ifo data, which dropped to the lowest since April in October.
Fresh weakness hit the floor of multi-day congestion…
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Gold surges above $1800 on weaker dollar and rising inflation expectations
Spot gold surged to the highest levels in 1 ½ month on Friday, lifted by weaker dollar and a pick-up in inflation expectations, while the rally accelerated after taking out barriers at $1791/93 (Fibo 61.8% of $1834/$1721 / 200DMA) and…
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Bulls are taking a breather under new 7-year high
The WTI oil is consolidating under new seven-year high, as bulls slowed on cooling demand over easing gas and coal prices and a forecast for mild winter in the US but is on track for the seventh consecutive bullish weekly close.
Dips off…
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Euro edges higher but directionless while holding between 1.1603/71 pivots
The Euro regained traction on Friday and standing at the front foot despite mixed EU PMI data which showed a slowdown in bloc’s business activity in October, but growth in manufacturing sector remained robust.
Today’s action partially…
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Cable eases further after downbeat UK retail sales
Cable remains in red in early Friday following Thursday’s bearish close after larger bulls lost traction on approach to 200DMA (1.3848).
Return below broken 100DMA (1.3798) and Fibo 76.4% barrier (1.3794) adds to initial signal of stall…
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US weekly jobless claims continue to fall and point to steady labor market recovery
The US weekly jobless claims fell to the lowest in 19 months in the week ending October 16, adding to signals that the labor market is continuing to recover from crisis induced by coronavirus pandemic.
The number of Americans filling new…
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Turkish lira fell to new record low after CBRT’s shock 2% rate cut
The USDTRY rose over 2% in immediate reaction to CBRT’s surprise decision to cut rates by 200 basis points from 18% to 16%.
Most of economists were betting for 0.5% cut this time after the central bank cut rates by 1% last month.
The…
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Bulls are taking a breather but supported by weekly failure swing
The Australian dollar eases on Thursday, following strong bullish acceleration in past two days, as bulls started to lose traction on approach to key barriers at 0.7556/63 (50% retracement of 0.8007/0.7106 downtrend / 200DMA).
Bulls remain…
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Bulls are holding in extended consolidation under pivotal Fibo barrier
The EURUSD edges lower in early Thursday’s trading, holding in extended consolidation under pivotal Fibo barrier at 1.1671 (38.2% of 1.1909/1.1534 bear-leg) which provided significant headwinds to recovery leg from 1.1524 (Oct 12/13 lows).…
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