Bears regained control after recovery stalled; daily cloud top comes under pressure again
Cable dipped to the session low at 1.2314 in Europe after recovery stalled at 1.2389, keeping Monday’s action in red for now.
Last Friday’s long bearish candle (the pair was down 0.67% for the day) and close below 1.2356 (Fibo 61.8% of…
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Recovery attempts face headwinds on fading risk sentiment and weak techs
The Euro stood at the front foot in Asia / early Europe on Monday but gains were so far limited and capped at 1.1270 zone (20DMA / Fibo 38.2% of 1.1422/1.1168 bear-leg.
Weaker dollar inflated the single currency but risk sentiment is…
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Bears are taking a breather above key supports and expected to remain in play while holding below…
Fresh bears are pausing in early Friday’s trading after two-day fall faced headwinds on approach to key Fibo support at 1.1175, but consolidation is so far narrow.
Daily techs remain weak as the price stays below 10/20DMA’s which formed…
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WTI oil bounces on improved sentiment after falling over 8% in three days
WTI oil moved above $38 per barrel after extension of pullback from new 15-week high ($41.61) approached $ 37 level earlier today.
Oil dipped over 8% in three days on renewed fears about global demand and record build of US crude stocks,…
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The dollar rises further on risk aversion; US data eyed for fresh signals
The pair extends recovery to new over one-week high as dollar remains inflated by global recovery concerns, keeping risk aversion in control.
Slight recovery of European stock markets failed to improve sentiment, keeping the greenback at…
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