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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Euro advances on fresh risk mode, eyes US jobs data for further positive signals
The Euro rose overnight, driven by fresh risk appetite following strong ADP jobs data revision, better than expected US manufacturing PMI and renewed hopes for potential Covid-19 vaccine.
Fresh strength broke above 20DMA (1.1265)…
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Dollar accelerates lower as solid US data boost risk appetite
The dollar fell against its main counterparts on Wednesday, following ADP jobs data miss, but strong upward revision of previous month’s figure and upbeat Manufacturing PMI in June that additionally boosted risk sentiment.
Fresh weakness…
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