Windsor News & Research Blog - Forex Market Analysis & Trading Insights

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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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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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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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 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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The Australian dollar accelerated to one-week high (0.7599) in early Tuesday, signaling that near-term bulls from new multi-month low at 0.7444 (July 2) tighten grip despite the RBA’s dovish stance on today’s policy meeting. The Reserve…
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The activity in China’s services sector slowed significantly in June, as resurgence of coronavirus cases in the south of the country, negatively affected sector’s growth. A private survey – Caixin services Purchasing Managers’ Index-…
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Cable extends fresh bullish mode into second day, lifted by post-NFP profit-taking on dollar’s long positions, as well as news on a battle for Britain’s fourth largest supermarket group Morrisons. The sentiment is additionally boosted by…
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The Euro is trading within a narrow range in early Monday, as extended US holiday lowers volumes. Last Friday’s post-NFP action left bullish candle (the first after four consecutive red daily candles) with long tail, marking the…
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The US dollar dipped against the basket of major currencies despite better than expected US labor data in June. Larger uptrend remains intact, with current dip seen as positioning for fresh push higher, as the labor report has less impact…
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