Lira’s bears on hold ahead of policy meeting but the CBRT cannot do much
The pair is consolidating under new all-time high (7.3989) with lira’s bears taking a breather ahead of CBRT’s policy meeting on Thursday.
The central bank doesn’t have much space for maneuver as their interest rates are already high, in…
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Cable extends advance but thick monthly cloud is seen as strong obstacle for bulls
Cable hit new 2020 high at 1.3266 on Wednesday after data showed unexpected jump of UK inflation in July (1% vs 0.6% f/c).
Bulls extend Tuesday’s 1.03% rally, which gained pace after stop-loss order at 1.32 zone were triggered.
Daily…
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Bulls pressure 1.20 barrier but may take a breather before break
The Euro is holding just under new 28-month high (1.1965) in early Wednesday’s trading, being in green for the sixth straight day.
Bulls focus psychological 1.20 barrier which is seen as pivotal level, but may face headwinds here and take…
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Dollar falls to the lowest in 28 months
The dollar accelerated lower on Tuesday, extending weakness into fifth straight day (down 0.68% for the day) and hit the lowest since April 2018.
Bears pressure supports at 91.83/64 (Fibo 76.4% of 88.14/103.80 ascend / ascending 100MMA)…
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Fresh advance brings 2020 high in focus
Rally off 1.30 zone, where a higher base is forming, accelerates on Tuesday (the pair is up 0.5% since today’s opening) and pressures 6 Aug high at 1.3185.
Rising fears over US elections add pressure to the greenback and inflate pound,…
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Bears extend into third straight day and pressure key supports
The pair holds in red for the third day and extends weakness towards key supports at 105.30/28 (6 Aug trough / Fibo 61.8% of 104.18/107.04 upleg).
Fresh weakness accelerated after bulls repeatedly failed to clear 107.00 barrier and were…
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Gold returns above $2000
Spot gold surged above $2000 level in early Tuesday’s trading, extending strong recovery from $1862 (12 Aug spike low).
The yellow metal was boosted by fresh weakness of the US dollar and Monday’s news that Warren Buffet’s Berkshire…
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