Bulls lose traction on approach to key barrier
Cable pulls back from new 1 ½ month high (1.2767) on Wednesday, as bulls started to lose traction on approach to key barrier at 1.2813 (10 Jun high).
Tuesday’s break and close above 200DMA (1.2697) was strong bullish signal which…
Read More...
Read More...
Aussie is consolidating under new 15-mth high, bulls look for 0.72+ extension
The Australian dollar hit the highest since Apr 2019 on Wednesday, in extension of Tuesday’s 1.6% advance (the biggest one-day gain since 1 Jun).
Strong bullish signal was generated on Tuesday’s close above 0.7064 (2020 high) and probe…
Read More...
Read More...
Bulls look for test of 2019 high and Fibo 50% of 2018/2020 fall
The Euro is holding near new 2020 high (1.1546) early Wednesday’s trading, following 0.7% advance on Tuesday (the biggest one-day gain since 4 Jun) and close above previous year’s high (1.1495).
Strong risk sentiment on hopes that global…
Read More...
Read More...
Fresh weakness needs confirmation on close below key Fibo support at 106.87
The pair accelerated lower in early US session on Tuesday, dragged by dollar index’s breach of key near-term support, with weakness also being fueled by strong risk appetite in the market.
Triggering stops at 107 zone also contributed to…
Read More...
Read More...
WTI jumps above $42, hits new 4 1/2 month high
WTI oil rose above $42 per barrel for the first time in 4 ½ months on Tuesday, attempting to eventually emerge from congestion that lasts since early June.
Oil price was lifted by EU stimulus deal and positive news about coronavirus…
Read More...
Read More...
Gold rises to the highest level in nine years, all-time high at $1920 in focus
Spot gold accelerated higher and hit new nine-year high ($1841) on Tuesday, following daily gain of 1.2%.
The yellow metal shines on weak dollar and expectations of more stimulus measures in order to further boost recovery of global…
Read More...
Read More...
Dollar extends weakness on rising risk appetite
The dollar index remains weak and fell to the lowest since early March on Tuesday, as its main components: Euro, British Pound, Aussie were boosted by strong risk appetite.
Today’s break below 95.68 (10 June low) signals completion of…
Read More...
Read More...
Bulls focus 2020 high but may take a breather before final break
The Euro maintains bullish tone and posted new marginally higher high at 1.1469 today, as eventual agreement between EU leaders about recovery fund boosted risk appetite.
Bulls eye 2020 high at 1.1495, posted on 9 Mar, with break here…
Read More...
Read More...
Aussie approaches 2020 high as risk rally extends
The Australian dollar accelerated higher in early European trading on Tuesday, initially boosted by RBA’s minutes which showed the central bank is going to keep rates unchanged in current environment and that negative rates are…
Read More...
Read More...