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…
Read More...
Read More...
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…
Read More...
Read More...
Euro jumps on ECB’s optimism over economic recovery, inflation and no significant reaction on…
The Euro surged to one-week highs on comments from ECB President Christine Lagarde in the press conference after the central bank kept the policy unchanged.
The ECB’s remarks about key points were mainly within market expectations that …
Read More...
Read More...
Initial signal of reversal forming, but focus is on ECB and EU/UK emergency Brexit talks
Cable stands at the front foot in European session on Thursday after pullback from 1.3482 (2020 high) stalled on approach to strong support zone on Wednesday.
Rising 55DMA contained dip, guarding Fibo 50% of 1.2251/1.3482 (1.2866) and the…
Read More...
Read More...
Euro edges higher in early Thursday, new expectations for upbeat ECB’s outlook would further…
The Euro extends higher in early Thursday’s trading, following positive close on Wednesday (after six straight days in red), hurting near-term negative bias.
Pullback from 1.2011 peak (2020 high) found footstep at 1.1752 (contained by…
Read More...
Read More...
Oil bounces after bears showed initial signs of stall, but demand fears persist. Crude inventories…
WTI oil bounces on Wednesday after steep fall in past five days (down 14.3%) found footstep at strong technical supports provided by daily cloud base ($36.80) and rising 100DMA ($36.43).
Oversold daily studies suggest that bears may…
Read More...
Read More...
Bulls start to lose traction on approach to initial target, ECB meeting in focus
The cross is consolidating under new six-week high (0.9130) on Wednesday after advancing nearly 2% since Monday’s opening.
The Euro benefited from pound’s fresh weakness over Brexit concerns and awaiting more positive signals from the ECB…
Read More...
Read More...