The dollar falls further, key supports in focus
The dollar came under increased pressure from fresh weakness of US Treasury yields on Monday and fell to the lowest since early March.
Fresh bearish acceleration broke pivotal support at 108.40 (23 Mar trough) and cracked 108…
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Euro rises above 1.20 mark for the first time in six weeks
The Euro surged through psychological 1.20 barrier and hit the highest since Mar 4 on Monday, lifted by fresh weakness of the dollar.
Today’s bullish acceleration signals continuation of the uptrend from 1.1704 (Mar 31 low) which paused…
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Trend reversal signal expected on break of nearby key barriers
Cable advances for the sixth straight day and hit new nearly two-week high in early European trading on Monday.
Bulls cracked pivotal Fibo barrier at 1.3885 (38.2% of 1.4238/1.3669, eyeing next key levels at 1.3918/28 (Apr 6 high / daily…
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DAX is consolidating under new record high, further advance likely
The Dax is trading within narrow consolidation under new all-time high on Monday, following 1.5% rally last Friday (the biggest one day gains since March 8).
Global stocks remain underpinned by expectations that major world central banks…
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Gold rises to seven-week high, fresh advance completes double-bottom pattern
Spot gold rose to seven-week high on Friday, gaining 0.8% for the day in extension of Thursday’s 1.5% advance.
Weaker dollar and US Treasury yields holding near one-month low were the main drivers of the yellow metal in past two days.…
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China GDP grows at record 18.3% pace
China’s economic recovery, as expected, strongly accelerated in the first quarter, although Q1 growth of 18.3% slightly missed forecasts for 19% expansion, the data show that this was the fastest growth since records began 29 years ago.…
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Close below 200WMA to signal deeper pullback
Bears are taking a breather on Friday but remain firmly in play following bearish signal generated on repeated close below pivotal Fibo support at 108.99 (23.6% of 102.59/110.96 / 200WMA).
The pair is also on track for the second…
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Bulls remain in play and consolidate ahead of fresh attack at key 1.20 zone
The Euro regained traction on Friday and edged higher, minimizing negative impact from Thursday’s close in red which signaled that bulls are running out of steam ahead of key barriers at 1.2000/06 (psychological / daily cloud base).
The…
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Sterling eases on firmer dollar / profit-taking
Cable was sold in early European trading on Friday, as pound came under pressure from signs that City was hit worse than expected by Brexit that prompted traders to collect profits from four-day rally.
Some 440 financial firms in Britain…
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US retail sales surge to the highest in eleven months
The US retail sales increased 9.8% in March, in the strongest jump since May 2020, heavily beating forecast for 5.9% increase and showing strong rebound from last month’s upwardly revised -2.7% figure.
Government’s additional pandemic…
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