Aussie is holding near 5-month high after unchanged RBA and better than expected data
The Australian dollar hit five-month high (0.6811) on Tuesday, in extension of Monday’s 2.1% advance.
Australian central bank kept interest rates on hold at 0.25% on policy meeting earlier today, keeping cautious optimism over…
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Oil price is pausing under key barriers on conflicting fundamentals
WTI oil maintains positive tone and hit new marginally higher recovery high at $35.87 on Monday, after ending last week, the part of five-week steep recovery, with 6.2% gains.
Two key factors influence oil price these days. The first is…
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Aussie hit new 4-month high vs greenback after final break of 200DMA, but news from China slow bulls
The Australian dollar maintains bullish tone and extended rally to new 4-month high at 0.6774 on Monday, inflated by President Trump’s mild response on Friday over Hong Kong case, but eased from new high on news that China paused some…
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Rally takes a breather under key Fibo resistance at 1.2425
Cable maintain bullish tone on Monday and hit three-week at 1.2425 in European trading but pulled back to 1.2380 zone after rally was capped by Fibo barrier at 1.2425 (61.8% of 1.2642/1.2074).
Weak dollar and UK’s manufacturing PMI in line…
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Bulls started to lose traction on approach to key Fibo barrier
The pair eases from new marginally higher recovery high at 1.1154 in European trading on Monday as bulls face headwinds from key Fibo barrier at 1.1166 (61.8% of 1.1494/1.0635).
We already warned that bulls may slow on approach to 1.1166…
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Lira extends weakness after Q1 GDP missed expectations, warning of contraction
The USDTRY advances for the third straight day after pullback from new record high was contained by rising thick daily cloud.
Recovery broke above initial barriers at 6.80 zone (converged 10/55DMA’s) and 6.8246 (Fibo 23.6% of…
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Extension above 1.11 eyes key Fibo barrier at 1.1166
The Euro broke above 1.11 barrier, in extension of strong four-day rally and hit new two-month high at 1.1138 on Friday.
Weak dollar and fresh optimism that post-pandemic recovery will pick up, continue to boost risk mode and push single…
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Traders move into safe-haven ahead of President Trump’s speech on China
The dollar was sold in Asia / early Europe on Friday ahead of President Trump’s speech on China, due later today, as rising tensions over Hong Kong and fears of US reaction prompted investors into safe haven yen.
The pair was down nearly…
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