EURGBP returns to red after brief recovery attempt
The cross hit new nearly three-month low at 0.8905 on Tuesday as pound rallied across the board on fresh weakness of the dollar, while Euro shows strong hesitation at psychological 1.20 resistance.
Monday’s recovery attempts were…
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Gold rises to two-week high as dollar accelerates lower
Fresh weakness of the dollar lifted gold to the highest levels in two weeks on Tuesday, signaling bullish continuation after Monday’s Doji and repeated failure to close above 20DMA ($1967).
Fresh advance rose above 20DMA (which now became…
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Cable extends above 1.3400 barrier and hit new 8 1/2 month high
Cable cracked 1.3400 barrier and hit new highest since mid-Dec 2019 in early Tuesday’s trading.
The pair maintains strong bullish tone that extends into third straight day after Fed’s new policy framework further deflated dollar.…
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The Euro knocks the door of 1.20 barrier
The Euro started the month in strong bullish mode and came ticks ahead of psychological 1.20 barrier in early Tuesday’s trading, hitting new highest level since May 2018.
Near-term action holds in green for the third consecutive day,…
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Dollar retests 28-month low, on track to end fourth straight month in red
The dollar hit session low (92.09) in early US trading on Monday, after brief recovery attempt stalled at 92.47.
New 28-month low (92.09, posted on 18 Aug) was retested but holds for now.
Friday’s 0.85% fall and today’s fresh extension…
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Friday’s massive bearish candle and falling thick daily cloud weigh heavily
The pair bounces from new two-week low, posted after Friday’s 1.1% fall (the biggest one-day loss since 8 June).
Markets digested news of Japan PM Abe’s resignation, with focus turning towards Japan’s unemployment, services PMI and US…
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