Near-term action remains capped by daily cloud base and weighed by demand recovery concerns /…
WTI oil price eases on Thursday on fresh risk aversion and persisting fears about global demand recovery on rising coronavirus cases and higher supplies from OPEC+ group.
The price action remains capped by daily cloud base for the second…
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Cable loses ground after negative news on trade talks
Cable fell over a hundred pips on Thursday after news said that EU and UK negotiators failed to close a gap on state aid, a key element of new agreement on post-Brexit trade ties.
The sentiment was further soured on news that European…
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Bulls need close above cloud top / 20DMA to neutralize existing risk of stall
The Australian dollar extends rally into fourth straight day, advancing 2.1% since the base of thick daily cloud contained last week’s steep fall.
Fresh risk mode and rally in China’s yuan additionally boosted Aussie, as bulls broke above…
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Break of key barriers at 1.1800 zone to signal upside breakout
The Euro regained traction after bulls paused on Wednesday, as robust US data and renewed hopes for US fiscal stimulus boosted risk sentiment.
Bulls pressure initial resistances at 1.1764/73 (Fibo 38.2% of 1.2011/1.1612 pullback /…
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US private payrolls rise above expectations in September
US private payrolls increased by 749K in September, beating forecast for 650K rise, with data for August being revised up from 428K to 481K.
Increase in hiring in US private sector surprised as talks about new package of fiscal aid have…
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