Weak jobs data deflate recovery extension, capped by 200DMA
Cable was lifted by risk mode in Asia and hit session high at 1.2687, where 200DMA capped the advance.
Bulls lost traction after UK labor data showed fall in payrolls and average earnings in May, keeping limited the bounce that emerged…
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Close above 10DMA to signal that two-day pullback is over
The Euro edged higher in early US session on Monday, after two-day fall was contained by key Fibo support at 1.1212 (38.2% of 1.0870/1.1422) on Friday and today’s action stays above correction low.
Larger uptrend remains intact and current…
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Recovery looks for further signals to resume and neutralize existing downside risk
The dollar regained traction vs yen and keeping the pair in green on Monday, following Friday’s bullish engulfing that generated an initial signal of reversal of last week’s steep fall, boosted by Fed.
Today’s action, although being so…
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Bears faced strong headwinds at pivotal 1.2450 zone; UK/EU talks in focus for fresh signals
Cable bounced after attempts to extend pullback from 1.2813 peak faced strong headwinds at 1.2450 zone (rising 20DMA / 50% retracement of 1.2074/1.2813 upleg), reinforced by nearby top of daily cloud (1.2430).
Fall in equity…
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Extension of pullback on fresh demand concerns pressures pivotal 100DMA support
WTI oil fell around 4.5% in Asia on Monday and hit two-week low in extension of pullback after bulls stalled at $40 resistance.
Fresh record number of cases of coronavirus in China and the US raised concerns about global demand recovery…
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Fresh risk mode boosts pound but terrible UK GDP may limit recovery
Cable regains traction on Friday and recovers after strong fall on Thursday and today’s extension that was contained just above strong supports provided by 100DMA and Fibo 38.2% of 1.2074/1.2813 (1.2537/30).
Fresh risk mode that lifts US…
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Steep fall extends on rising safe-haven demand
The cross holds firmly in red for the fourth day and is down 2.8% from Monday’s opening until now and is on track for the biggest weekly fall since last week of February.
Fresh exodus into safe havens was boosted by Fed’s outlook which…
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