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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Britain’s economic growth slowed in the third quarter, lagging other G7 group countries
Britain’s economy grew by 1.3% in the third quarter vs forecasted expansion of 1.5% that marks the slowest quarterly growth since the country was under lockdown in early 2021.
The GDP data signal that economic recovery slowed and was…
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Close below key Fibo support could spark bigger drop
The Euro remains in red on Thursday and extends weakness to the new 2021 low, hitting the lowest level since July 2020, following nearly 1% drop on Wednesday (the third biggest daily fall this year).
Higher than expected US inflation in…
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Gold is set for further advance but possibility of early rate hike on surging inflation may limit…
Spot gold extends advance into sixth straight day on Thursday and pressuring new 5-month high ($1868), posted on Wednesday, when metal’s price spiked after higher than expected us inflation data in October.
Rising consumer prices boost…
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Break below consolidation range floor generates initial reversal signal and risks deeper pullback
The pair dips to one-month low on Tuesday, extending the bear-leg off 114.27 lower top into fourth straight day.
Monday’s break and close below 113.38 (former higher base / Fibo 23.6% of 109.11/114.69 rally) weakened near-term structure,…
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Strong rebound looks for confirmation on break of pivotal Fibo barrier
Cable is consolidating under pivotal Fibo barrier at 1.3580 (38.2% of 1.3833/1.3424) which capped Monday’s 0.63%advance.
Pound regained ground after strong fall last week, sparked by BoE surprise decision to stay on hold, despite many were…
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Gold continues to benefit from weaker dollar on dovish Fed, BoE; key barrier under pressure
Spot gold extends higher on Monday after a brief consolidation, following 2.8% advance in past two days.
The yellow metal hit new two-month high after dovish tones from major central banks soured risk sentiment.
The Federal Reserve…
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Bears continue to face strong headwinds from 1.15 support zone
The Euro stands at the front foot in early Monday, following strong downside rejection on Friday that left a hammer candle, generating initial reversal signal.
Multiple downside rejections on approach to pivotal Fibo support at 1.1492 (50%…
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