Bears take a breather on higher EU stocks
Cable caught bid on higher European stocks on Thursday and put bears on hold after falling 0.8% previous day.
Near-term action is weighed by fresh risk aversion and negative daily studies with consolidation expected to precede push towards…
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Euro remains in red and eyes key supports ahead of important US data
The Euro extends weakness on Thursday, remaining under pressure on fading risk sentiment over fears of slowdown in recovery process that prompted traders into haven dollar.
Negative signal was generated on Wednesday, following 0.5% daily…
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Another build in US crude stocks pressures oil price further
WTI oil extends weakness into second straight day and cracked $39 support after release of US crude stocks data on Thursday.
The oil price falls further as bulls stalled after hitting new 3 ½ month high ($41.61) on Tuesday.
Rising…
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Gold hits new 8-year high as investors move into safety on fears of the second wave of virus
Spot gold extended advance into fourth straight day and hit new highest level in nearly 8 years ($1779) on Thursday.
Growing fears of the second wave of Covid-19 pandemic prompt traders into safety, while talks about new stimulus measures…
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Dollar rises as fears of the second wave of virus sour risk sentiment
The dollar regained traction on Thursday, as fears of the second wave of Covid-19 eventually tempered optimism about global post-pandemic recovery, with positive impact on risk sentiment from upbeat German business climate data also being…
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Bulls face headwinds at key resistance zone
Cable pulls back from new one-week high (1.2542) and dips below 1.2500 in early European trading on Wednesday as bulls faced headwinds from strong resistance zone at 1.2517/42 (10 DMA / Fibo 38.2% of 1.283/1.2335 / 20DMA).
The pair was…
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Euro stands at the front foot ahead of German data, but weak momentum requires caution
The Euro holds positive tone for the third consecutive day and trading above 1.13 mark in early Wednesday, following Tuesday’s close above this barrier.
Risk sentiment on rising optimism of global economic recovery, talks about further US…
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