Conflicting techs keep the euro in directionless mode, US jobs data in focus
Near-term action remains in a sideways mode on conflicting technical signals and ahead of US jobs data, which could provide more evidence about Euro’s direction.
Recovery attempts from new 2021 low that left a bear-trap under 1.1290 Fibo…
Read More...
Read More...
Dollar remains at the back foot on Omicron fears, but hawkish Fed partially offsets pressure
The pair remains in red for the fifth straight day and attempting to close below key Fibo support at 113.07 (38.2% retracement of 109.11/115.51upleg) after three consecutive failures.
The sentiment remains negative, mainly on strong…
Read More...
Read More...
US private payrolls rose above expectations in November
US private payrolls increased by 534,000 jobs in November, compared to October’s figure at 570,000, slightly downward revised from initially reported 571,000 and beat forecast for increase by 525,000.
The ADP National Employment Report…
Read More...
Read More...
Oil prices come under fresh pressure on growing fears of Omicron impact
WTI oil price dipped again on Tuesday, following a short-lived recovery of last Friday’s 12.5% drop, coming under fresh pressure on doubts on the efficacy of Covid-19 vaccines against new Omicron variant of the virus.
Fresh weakness…
Read More...
Read More...
Weekly shooting star and bull-trap generate initial reversal signal
The dollar index is holding in ire for the third straight day and extending pullback from new multi-month high at 96.92.
Bears gained control after the news that new variant of coronavirus was detected last Friday, with narrower range on…
Read More...
Read More...
Bears resume through key supports on new Omicron fears
Bears resume on Tuesday after a double rejection at pivotal Fibo support at 113.07 (38.2% of 109.11/115.51).
The latest comments from drugmaker Moderna’s CEO that Covid-19 vaccines were unlikely to be as effective against the new Omicron…
Read More...
Read More...
Bear trap signals boost recovery but near-term picture is still mixed
The Euro extends gains above 1.13 mark in early Tuesday, following sideways mode previous day, but managed to register the second consecutive daily close above 10DMA (1.1281) that adds to signals of a bear trap under 1.1290 Fibo support.…
Read More...
Read More...
Oil price rebounds after 12.5% drop on Friday; OPEC sees a reaction on Omicron news as overdone, not…
WTI oil regained traction on Monday and bounced close to $73 per barrel, following a massive 12.5% drop on Friday, sparked by fresh fears that new Omicron variant would hurt global demand.
Oil prices rose after markets digested the news,…
Read More...
Read More...
Omicron concerns limit recovery and keep the downside at risk
Recovery attempts from new 2021 low (1.3278), posted after Omicron shock last Friday, were so far limited and unable break above Friday’s high (1.3362).
Risk-sensitive pound remains influenced by fears of the impact of new coronavirus…
Read More...
Read More...
Fresh bears hold grip but face strong headwinds from key Fibo support
The USDJPY remains in red following Friday’s selloff (the pair was down 1.7%, the biggest daily fall since March 2020) driven by fears of new Omicron variant of coronavirus.
Friday’s massive bearish daily candle weighs heavily but bears…
Read More...
Read More...