Cable stands at the front foot ahead of US jobs data
Cable is standing at the front foot in European trading on Friday after Thursday’s action ended in Doji candle and signaling that four-day fall might be running out of steam.
The lower 20-d Bollinger band contained fall and fresh upside…
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Bears expected to keep control as long as price holds below converged 10/20DMA’s
The Euro returned to weakness after late Thursday/ early Friday recovery stalled on approach to pivotal barrier at 1.0863 (converged 10/20DMA’s).
Strong demand for dollar as traders look for safety on deepening crisis, keeps the single…
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Turkish lira falls to new all-time low vs dollar
Turkish lira fell to new all-time low against dollar on Thursday, following strong sell-off as traders got disappointed by comments from Fed policy maker, which were interpreted as ruling out a Fed swap line to cushion the negative impact…
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Bears are set to extend as studies and fundamentals maintain negative sentiment
The Euro remains in red on Thursday and probes below Wednesday’s low (1.0781), posted after thee-day 1.6% fall.
Bears gained pace after bull-trap was formed last week, with decision of German top court and strong dollar, keeping the pair…
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Aussie rises on solid local / Chinese data
The Australian dollar rose on Thursday, inflated by rise in China’s exports and record rise in Australia’s trade surplus in March.
Fresh strength reached levels just ticks ahead of Tuesday’s high (0.6476), looking to break higher and…
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Daily cloud top holds bears for now but post-BoE jump lacks strength to resume
Cable jumped above 1.24 barrier as BoE stayed unchanged on interest rates and QE as four-day drop faced headwinds from daily cloud top, which was tested overnight.
Bounce was so far capped by strong barriers provided by converged 10/20/55…
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Risk of deeper pullback if EIA report surprises negatively
WTI oil dips over $3 on Wednesday as sentiment soured after ADP report on Tuesday showed higher than estimated rise in crude stocks.
Traders now focus on EIA report (7.75 million barrels rise is forecasted vs previous week’s…
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