Bulls look for firm break of psychological 1.40 barrier
Cable returns above 1.40 mark and hits new 34-month high at 1.4052 after brief dip to 1.3980 in early European trading on Monday.
Bulls attempt to sustain break above psychological 1.40 barrier after registering a marginal close above last…
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German business morale rises well above expectations in February
German business morale rose to the highest in four months in February, as the industrial sector continued to recover, offsetting negative impact from lockdown and powering the Europe’s largest economy.
The Ifo Institute business climate…
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US jobless claims unexpectedly rise, warning of slowdown in labor sector recovery
US weekly jobless claims unexpectedly rose by 13,000 to 861,000 from 848,000 previous week and jumped well above 765,000 forecast, signaling increased risk of a second straight month of slowdown in job growth, despite encouraging signs from…
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The CBRT keeps rates unchanged at 17% but remains hawkish
Turkish central bank (CBRT) kept interest rates unchanged at 17% as widely expected, on today’s policy meeting, but kept hawkish tone and showed readiness to further tighten policy to fight inflation that has risen to 15%.
The central…
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Evening doji star pattern is forming on daily chart but still early to talk about reversal
Cable fell to fresh intra-week low (1.3840) in early US trading on Wednesday, as upbeat US retail sales revived positive sentiment about the US economic recovery and lifted dollar.
Fresh weakness after Tuesday’s Doji, which signaled…
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UK inflation rises slightly above expectations in January
British inflation rose 0.7% in January after 0.6% increase in December and came slightly above 0.6% forecast, due to higher food prices and less discounting household goods, as the country went back into a coronavirus lockdown.
Inflation…
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Lira cracks key obstacles and rises to 28-week high; CBRT meeting in focus
The USDTRY fell to the lowest in 6 ½ months on Tuesday, following break and close below psychological 7.00 support on Monday.
The Turkish lira remains very attractive to investors and further acceleration could be expected.
The downtrend…
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Bulls probe through 5-day congestion ceiling
The Euro is attacking the upper boundary of five-day congestion (1.2081/1.2150) in early Tuesday’s trading.
Extended near-term sideways action is capped by Fibo 50% retracement of 1.2349/1.1952 pullback and rising 55DMA, with eventual…
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WTI oil rises above $60 for the first time since Dec 2019
WTI oil broke above psychological $ 60 barrier on Monday, hitting levels last traded in December 2019.
Recent tightening supplies by OPEC group and its allies, boosted expectations of full revival of global oil demand and rebalancing…
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Bulls head towards 1.40 barrier, boosted by UK vaccination news
Cable rose further on Monday, probing above 1.39 mark and hitting new highest since April 2018.
Strong bullish sentiment was boosted by the news that UK target of 15 million vaccinated that improves the outlook for recovery of British…
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