Recovery was so far limited, unchanged ECB to further weigh on risk rally
The Euro remains constructive after recovery attempts ran out of steam under key Fibo barrier at 1.2166, resulting in bearish daily close on Wednesday.
Strong reversal signals on bear-trap and hammer candle on Monday continue to underpin…
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Cable probes through 1.3700 zone for the fourth time
Cable is probing through 1.37 barrier for the fourth time in early Thursday’s trading, after spike to new multi-month high at 1.3717 on Wednesday.
Better than expected UK inflation data continue influence pound, along with rising optimism…
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What will be Biden’s first steps in the White House and what he will inherit from Trump
Republican President Donald Trump has left the White House for the last time, just hours before the inauguration of his successor Joe Biden, who is going to take the control of a country troubled by deep political divides and hit by ragging…
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Bears probe through key med-term supports and could accelerate on clear break
Bears extend lower on Tuesday, adding to Monday’s 1.40% fall and hit new lowest levels since mid-May 2020.
Probe through key supports at 0.8865/60 zone (Aug/Nov higher base) generate strong bearish signal which will require confirmation on…
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Recovery faces strong headwinds but remains underpinned by bear-trap
The Euro dips in European session on Wednesday after reversal pattern was formed on daily chart but attempts to extend recovery stalled on approach to pivotal Fibo barrier at 1.2166 (38.2% of 1.2349/1.2053 bear-leg), capped by falling 10DMA…
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UK inflation rises slightly above expectations in December
UK inflation rose 0.6% in December in annual terms compared to 0.3% increase in November and ticked above forecast for 0.5% rise.
Consumer prices were boosted by temporary relax of travel restrictions that pushed up air and sea fares,…
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UK inflation data could provide clearer near-term direction signal
Cable is standing at the front foot on Tuesday, following strong downside rejection previous day and inflated by fresh risk sentiment that weakened dollar.
Larger uptrend remains intact despite double failure at 1.3700 zone, as subsequent…
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Monday’s hammer and bear-trap point to reversal
The Euro rebounds on Tuesday, advancing nearly 0.5% since opening, lifted by revived risk sentiment in the market.
Upbeat German ZEW data added to hopes of faster recovery of Europe’s largest economy and further boosted the single…
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German investor sentiment rises for the third straight month in January
German investor sentiment rose above forecasts in January, as improved expectations for exports brightened the outlook for European Union’s largest economy.
The survey from ZEW economic research institute showed that economic sentiment…
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US must act big on next coronavirus relief package – Janet Yellen
Janet Yellen, former Federal Reserve chair and President Joe Biden’s nominee to run the Treasury Department, will tell Senate Finance Committee on Tuesday that the government must ‘act big’ with the next Covid-19 relief package, with…
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