Oil prices rise on reduced output by tropical storms / trade optimism but struggle again to clear…
WTI price accelerated over $1 in mid-European / early US session on Tuesday and hit new three-week high at $43.54.
Oil was inflated by rise of riskier assets on latest news that the US and China remain committed to their trade deal and…
Read More...
Read More...
Risk appetite inflates the dollar but traders remain cautious ahead of Powell
The pair extends advance on Tuesday, driven by fresh risk appetite that boosts the greenback.
Fresh rally remains underpinned by last week’s big bullish engulfing and cracked important Fibo barriers at 106.30/35 (61.8% of 107.04/105.10…
Read More...
Read More...
The Euro bounces on upbeat Ifo data / fresh risk sentiment, but firmer direction signal is still…
The Euro edged higher in Asia/early Europe on Tuesday, boosted by optimism over US-China trade talks, but gains so far look limited, as signals are conflicting.
Monday’s second consecutive close in red and below 20DMA, was…
Read More...
Read More...
Formation of golden cross may underpin for renewed attack at key $43.05 barrier
Monday’s action was so far without clear direction, as WTI price initially rose, dragged by advance of riskier assets, but persisting concerns about global demand on the second wave of virus and slower than economic recovery, continue to…
Read More...
Read More...
Near-term bias remains neutral while the action holds within Aug range
Limited rebound on Monday keeps cable at the lower side of two-hundred pips congestion which extends into fifth straight day.
Pullback from last week’s new multi-month high (1.3266) was so far contained by rising 20DMA (1.3084) that keeps…
Read More...
Read More...
Aussie consolidates under key 200WMA barrier
The Australian dollar maintains positive tone on Monday, inflated by renewed risk mode and on track to fully recover Friday’s fall.
Larger bulls are consolidating under new high at 0.7295 (the highest since 31 Jan 2019) and more…
Read More...
Read More...
Euro regains traction but risk of extended consolidation / deeper pullback exists
The Euro regained traction on Monday after Friday’s 0.5% fall, but risk of deeper correction still exists.
Pullback from multi-month high at 1.1965 found footstep at 1.1754 and subsequent bounce on Friday and today’s extension above…
Read More...
Read More...
Fresh bearish extension increases downside risk
Strong bearish acceleration in European session on Friday was sparked by downbeat
PMI data of the eurozone the biggest bloc’s economies that pointed to the slowdown of recovery in August.
The data soured risk sentiment, sending the single…
Read More...
Read More...
Dollar regains traction but more action higher needed to signal stronger correction
The dollar regained traction on Friday and cracks initial barriers at 93.16/22 zone (20DMA / Thursday’s high / Fibo 61.8% of 93.87/92.09).
The sentiment remains soured by Fed’s dovish stance and fresh increase in jobless claims that adds…
Read More...
Read More...