Euro falls on risk aversion / weaker pound
The Euro fell on Monday morning (down 0.45%) dragged by weaker pound on lockdown talks and fresh risk aversion.
Larger bulls were strongly rejected at 1.20 barrier, but remained in play as double weekly Doji signaled strong indecision,…
Read More...
Read More...
Cable extends lower after triple failure at 1.30, as UK government considers new lockdown
Cable keeps weak tone in early Monday, following triple failure at psychological 1.30 barrier last week.
Friday’s action closed in red and within thick daily cloud, raising fears that probe above cloud was short-lived and reversal could be…
Read More...
Read More...
Bears pressure pivotal support at 104.18, break of which would risk drop to 2020 low
The dollar holds firmly in red vs yen for the fifth straight day and on track for a weekly fall of approx. 1.6% (the biggest weekly drop since the second week of June.
The dollar suffered from dovish Fed, risk mode and downbeat US data…
Read More...
Read More...
Weekly market overview
The dollar weakened and its major counterparts rose this week, as risk mode dominated.
The weaker greenback pushed gold and crude oil higher, while global stocks traded in mixed mode.
On Tuesday, upbeat Chinese data signalled that the…
Read More...
Read More...
Cable pressures 1.30 barrier but so far lacks strength for final break
Cable steadies above thick daily cloud and just ticks below psychological 1.30 barrier in early European session on Friday.
Sterling quickly recovered from over 100-pips dip on Thursday after the BOE announced preparation for possible…
Read More...
Read More...
The dollar returned to red after downbeat US data on Thursday
The dollar stands at the back foot in early European trading Friday after strong fall on Thursday.
Initial gains on Fed’s upgraded forecast for GDP growth evaporated as the green back came under increased pressure on downbeat US data on…
Read More...
Read More...
Strong recovery extends above $40 as OPEC+ presses for better compliance in production cut
WTI oil hit two-week high on Thursday in extension of Wednesday’s 4.4% advance, inflate by significant drop in US crude stocks.
Oil holds in green for the third straight day, as bullish acceleration was sparked by the tropical storm…
Read More...
Read More...
Sterling drops one full figure as BOE hints negative rates
Cable fell 0.6% in immediate reaction to signals that the Bank of England announced that sub-zero rates scenario may become realistic.
The central bank kept rates and its main stimulus program unchanged with possibility of enlarging its QE…
Read More...
Read More...
BOE keeps the door open for introducing sub-zero rates
The Bank of England left its policy unchanged in today’s MPC meeting but announced that it had been briefed on how to implement negative rates if needed.
The bank said that the UK’s economy had performed better than expected and would…
Read More...
Read More...