Aussie edges lower after RBA as bulls lost traction at psychological 0.70 barrier
The Australian dollar edged lower after facing headwinds at psychological 0.70 barrier, with RBA’s decision to keep rates unchanged, contributing to fresh weakening.
Fundamentals remain mixed as hopes of economic recovery continue to boost…
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Dollar remains fragile on new virus cases; recovery hopes
The dollar came under renewed pressure on Monday after bears paused last Thu/Fri and fell to the lowest in nearly two weeks.
Today’s dip found footstep at important Fibo support at 96.48 (61.8% of 95.68/97.78), but near-term outlook…
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Bulls struggle at 1.25 zone despite strong UK construction PMI data beat
Fresh strength probed above 1.2500 barrier and hit session high at 1.2509 but gains were so far short-lived as the pair pulled back to 1.2470 zone, despite upbeat UK June construction PMI data (June 55.3 vs 47 f/c, the highest since July…
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Euro attempts again to emerge from multi-day congestion
The Euro advanced in early Monday’s trading, up 0.5% since opening in Asia, boosted by fresh risk appetite and optimism about economic recovery, following a pickup in German factory orders (May 10.4% from -26.2% in Apr).
Fresh acceleration…
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Bull-trap and bearish engulfing weigh but neutral tone dominates on Friday
The pair is holding within a narrow range on Friday, partially on low volumes due to US holiday and partially on conflicting signals that caused Thursday’s action to end in long-legged Doji, signaling strong indecision.
Risk sentiment…
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Euro remains in extended sideways mode after another upside rejection
The Euro stands in red in early Friday’s trading following strong upside rejection at trendline resistance (1.1295) on Thursday, that left another Doji candle, this time with long upper shadow.
Upbeat US NFP data provided short boost to…
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WTI is on track to form the third straight Doji as conflicting signals keep near-term action…
WTI continues to trade around $40 handle on Thursday, extending narrow-range movements into third straight day and on track to leave third consecutive daily Doji candle.
Conflicting signals keep oil price in directionless mode as sharp…
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Cable maintains positive tone after US jobs data but needs to clear key obstacles to signal bullish…
Cable keeps bullish stance and trading in green for the third straight day, with choppy trading under new one-week high (1.2530) seen after release of US jobs data.
Positive signals from NFP beat (June 4.8M vs 3M f/c) and significant drop…
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