The dollar falls sharply on renewed risk mode and expectations for dovish Fed
The pair accelerated lower on Monday, with 0.5% daily loss seen so far and on track for the worst day since 28 Aug.
Bears were boosted by break of last week’s low (105.79) and the base of thick daily cloud (105.65) with today’s close…
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Reversal pattern is forming on daily chart but Brexit turmoil continues to weigh
Cable rose one full figure on Monday, lifted by fresh risk sentiment on hopes for coronavirus vaccine.
Today’s rebound is on track to complete reversal pattern on daily chart, but such action was not justified by technical studies.
Rising…
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AstraZeneca resumes vaccine clinical trials. Market reaction mostly positive across the board.
Risk sentiment was boosted across the board early on Monday, as pharmaceutical giant AstraZeneca was given the green light to resume clinical trials for its proposed COVID-19 vaccine.
In Asia, Chinese blue chips were up by 0.6% and…
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Euro stands at the front foot but risk of stall and subsequent weakness persists
The Euro kept positive tone in early Monday’s trading, on fresh risk sentiment over renewed hopes for a coronavirus vaccine, although investors remain cautious ahead of this week’s key events – central bank meetings in UK, Japan and the US.…
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Oil prices are on track for the second weekly fall, dragged lower by drop in stocks and gloomy…
Oil prices edged lower on Friday and are on track to end the second consecutive week in red – their worst performance since mid-April.
Last week’s tumble in the US stock markets – driven by heavy sales in the tech sector – has been a…
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Bulls extend to new 5 1/2 month high, ignoring so far overbought daily studies
The cross holds firmly in green for the fifth straight day and hits new 5 ½ month high, on track for impressive weekly advance (so far up 3.6% in the biggest weekly rally since the second week of March).
Thursday’s surge and close above…
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The euro stands at the front foot but conflicting signals warn
The Euro stands at the front foot in early Friday, as fresh bids emerge despite Thursday’s 100-pip drop after the price rose to one-week high (1.1917) on optimistic tone from the ECB.
Technical signals are conflicting as Thursday’s candle…
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Bears are taking a breather after 1.5% fall on Thursday, limited recovery likely to precede fresh…
Cable is consolidating above new six-week low (1.2773) in early Friday’s trading, following previous day’s 1.5% fall.
Sterling came under increased pressure on Brexit turmoil, with the latest steps of Britain in attempts to break…
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