Gold remains in red after Wed’s strong fall and pressures key support at $1920
Spot gold remains under pressure on Thursday following 3.7% fall previous day, as subsequent recovery attempts from one-week low at $1924 stalled and metal’s price fell back near Wed-Thu lows ($1924).
Dovish Fed and likely scenario in…
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Aussie extends pullback on fading risk sentiment and new trade issues with China
The Australian dollar remains in red for the second day and extends weakness to one-week low at 0.7144.
Dovish Fed’s outlook on US economy hurt risk sentiment, sending the Aussie down 0.85% on Wednesday.
The latest news that Australia…
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Risk of deeper correction exists despite pullback found footstep at strong support zone
The Euro is consolidating after Wednesday’s 0.77% fall, with pullback from new multi-month high (1.1965) so far looking like healthy correction, but risk of further easing remains in play.
Dovish Fed on Wednesday soured risk sentiment that…
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Swiss franc bounces from five-year high vs dollar ahead of Fed
The pair bounces from five-year low (0.9009) on Wednesday, as traders booked profits ahead of release of Fed minutes, in attempts to catch better opportunities to re-enter bearish market.
Current action was signaled by rising bullish…
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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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