Profit-taking lifts Euro from three-month low
The Euro rebounds strongly on Thursday after failure to hold break below 1.1800 level, with fresh strength helped by oversold daily studies.
Fed minutes did not provide more evidence of QE tapering, while US jobless claims rose last week,…
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Risk aversion lifts safe-haven Swiss franc to a seven-month high vs Euro
The EURCHF cross was among top losers in early Thursday’s trading, being down 0.7% so far, as fresh risk aversion strongly lifted safe-haven Swiss franc.
Bears took out strong technical supports at 1.0886/70 (200DMA / June 11 former low)…
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Aussie dollar falls to seven-month low as investors rush into safety
AUDUSD
The Australian dollar fell to seven-month low vs US dollar (0.7425) on Thursday morning, pressured by drop in global bond yields and RBA chief Lowe’s rejection of market calls for early tightening.
Fresh weakness broke below last…
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USDJPY accelerates through key 110 support zone on fresh risk aversion
The USDJPY accelerated sharply lower in early European trading on Thursday, deflated by fresh risk aversion, mainly driven by a sharp fall in China’s government bond yields after authorities announced cuts in banks’ mandatory reserves in…
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Bears crack 1.1800 support and may accelerate on hawkish tone from Fed minutes
The Euro cracked 1.1800 support as bears attempt to resume downtrend after Tuesday’s upside rejection and close below 1.1836 Fibo support (76.4% of 1.1704/1.2266 ascend) generated bearish signal.
The single currency maintains negative tone…
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Gold extends gains into sixth straight day, awaits Fed minutes for fresh signals
Spot gold maintains firm tone and is on course for a sixth straight day in green, as Tuesday’s upside rejection at pivotal Fibo barrier at $1813 (38.2% of $1916/$1750) failed to negatively impact bulls, which regained traction and pressure…
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Dollar awaits Fed minutes for fresh direction signal
The US dollar index is in a quiet mode on Wednesday, ahead of release of Fed minutes.
Tuesday’s rebound reversed the most of shallow two-day pullback from new three-month high (92.75), suggesting that near-term bias remains with bulls.…
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Near-term focus shifts lower after recovery stalled
Cable stands at the back foot, weighed by Tuesday’s bearish daily candle with long upper shadow, formed after strong upside rejection on false break of descending 10DMA and subsequent weakness.
The action generated an initial signal of…
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Oil is consolidating after Tuesday’s 3.3% drop
WTI oil is consolidating in early Wednesday after Tuesday’s sharp pullback from new highest level in almost seven years.
Oil price fell 3.3% on Tuesday, registering the biggest one-day drop since Apr 5, mainly hit by failure of OPEC+…
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Bears regain control after limited consolidation
Bears regained control after brief consolidation was capped by falling 10DMA and fresh weakness is on track for eventual close below cracked pivot at 1.1836 (Fibo 76.4% of 1.1704/1.2266 upleg).
Disappointing German data added to euro’s…
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