German business sentiment improves more than expected in October – Ifo
The latest Ifo Institute survey indicates a surprising improvement in German business sentiment, with the Ifo business climate index rising to 86.5 in October, surpassing both the previous month’s 85.4 and market expectations of 85.6.
This…
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EURUSD – overall negative PMI data and dovish ECB to weigh on current recovery attempts
EURUSD edges higher on Thursday morning as oversold daily studies prompted partial profit taking.
Recovery is unlikely to be significant as the pair is in a larger downtrend, driven by negative technical and fundamentals.
Release of…
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AUDUSD – bears take a breather but firmer direction signal to be expected on break of either…
AUDUSD edges higher on Thursday morning after bears repeatedly failed to clear 200DMA support (0.6627).
Recovery is in its early stage and needs more work at the upside to generate firmer positive signal, although near-term action to…
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Dollar rises further on less aggressive Fed rate cut outlook
The dollar remains in strong bullish acceleration for the third consecutive day, boosted by expectations that Trump’s victory in the US presidential election would boost the economy and ease pressure on Fed, while fading expectations for…
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USDJPY advances 1% on Wednesday morning
Strong acceleration higher in Asian / early European trading on Wednesday (the pair was up 1%) pushed the USDJPY’s price to new multi-week highs, last traded in late July.
Recent break of psychological 150 barrier was followed by emerge…
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EURUSD break 1.08 support but bears may take a breather on oversold conditions
EURUSD dipped below psychological 1.08 support and hit new multi-week low in early Wednesday.
Larger bears remain firmly in play and reinforced by the most recent formation of 10/200DMA death cross, with daily close below 1.08 to…
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BTCUSD – shallow correction likely to precede fresh push towards 70K barrier
BTCUSD – near term action is in red after another failure on approach psychological 70K barrier, but the move down looks so far as limited correction ahead of fresh push higher.
Long tails of today’s and Monday’s daily candles point to…
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Cable – bears look for push though daily cloud base after consolidation
Cable is holding in extended consolidation around cracked psychological 1.30 support as larger bears are taking a breather for consolidation above key supports.
Near-term price action holds within daily Ichimoku cloud (spanned between…
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AUDUSD – bounce from new multi-week low needs to clear key barriers to sideline larger bears
AUDUSD bounces from new six-week low in early Tuesday trading after bears repeatedly faced strong headwinds from solid supports at 0.6645/27 (50% retracement of 0.6348/0.6942 / 200DMA).
Fresh recovery attempts pressure strong barriers at…
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Silver rises to 12-year high
Silver price hit new highest since November 2012 on Monday, in extension of last Friday’s record daily rally of 6.4%, with psychological $34.00 barrier being cracked.
Increased safe haven demand dragged silver price, as geopolitical…
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