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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Strong bearish acceleration after bulls got trapped is generating negative signal
The pair fell sharply on Wednesday after attempts to extend five-day rally were strongly rejected and bulls got trapped above daily Kijun-sen / 50% retracement of 109.85/106.07 fall (107.96).
Fresh weakness is also forming bearish…
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The cross is spiraling lower after larger bulls stalled
The cross is holding firmly in red for the second day and falls deep into thick daily cloud after Monday’s rally stalled ticks ahead of key Fibo barrier at 0.9182 (61.8% of 0.9498/0.8670 fall) and left 13-week high at 0.9175.
Subsequent…
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