Silver drops sharply after false break above $30
Spot silver fell sharply on Tuesday (down nearly 7% until early hours of the US session) following short-lived surge to eight-year high on probe above $30 barrier on Monday.
The rally stalled after huge buying by a pack of small traders…
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Dollar rises to nine-week high on fading risk sentiment
The dollar index extends gains and hits the highest in nine months on Tuesday, lifted by fading risk sentiment on darkening economic outlook on extended lockdowns.
Monday’s 0.54% rally, which penetrated through the base of thick falling…
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EU GDP falls less than expected in the final quarter of 2020
The European Union’s economy contracted less than forecasted in the fourth quarter as bloc’s large economies Germany and Spain remained resilient and cushioned the impact of pandemic-induced new lockdowns.
Germany ticked up 0.1% in Q4,…
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WTI oil trades above $54 for the first time in one year
WTI oil extends rally on Tuesday, following previous day’s 2.95% advance and trades above $54 barrier for the first time in almost one year.
Fresh bulls attempt to clearly break key 200WMA barrier ($53.24) which capped the action in past…
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Penetration of thick daily cloud further weakens near-term structure
Larger bulls got in more troubles after Monday’s 0.57% drop and eventual close within thick daily cloud.
Bearish acceleration also managed to register a marginal close below pivotal Fibo support at 1.2064 (38.2% of 1.1602/1.2349) on…
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Cable remains within the range after another upside rejection
Cable bounces in early Tuesday’s trading, following retest of new 32-month high on Monday and subsequent one cent drop.
The pair remains congested within 150-pips range for the second straight week after repeated failures to clearly break…
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Silver price surges to the highest since 2013
Spot silver surged over 6% after gap-higher opening on Monday and broke above $30 an ounce for the first time in eight years.
An army of retail traders stormed into silver after ending their mission in individual stocks and lifting the…
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Turkish lira rises to five-month high vs dollar on break of key barriers and upbeat data
The Turkish lira is among top gainers on Monday, advancing 1.6% against the US dollar since opening in Asia and on track for further advance.
Last week’s break of pivotal 200DMA generated positive signal, with fresh acceleration through…
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EU manufacturing sector growth slowed in January but remains strong
Eurozone manufacturing sector’s growth remained resilient at the start of the year despite renewed lockdowns across the continent that hurt activity.
Manufacturing was left to support the economy as fresh restrictive measures hit bloc’s…
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Bulls look for 105+ advance
The pair maintains positive tone on Monday and consolidating under new 2 ½ month high (104.93).
Friday’s rally (up 0.5%, the biggest one-day advance since Jan 7) and close above thick daily cloud generated strong bullish signal, together…
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