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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
Oil extends pullback, pressured by rise in crude stocks and Fed’s pessimistic outlook
WTI oil stands at the back foot on Thursday and is trading around $2.5 lower in early US session compared to opening levels.
Fresh weakness threatens to break below three-day congestion under psychological $40 barrier, after initial attack…
Read More...
Read More...
Bulls are taking a breather on fading risk mode
GBPUSD
Cable eases from new three-month high (1.2819 on Thursday on softened risk mode after Fed signaled bleak outlook for the US economy in post-pandemic recovery.
Double Doji on Tuesday and Wednesday with the latter having long upper…
Read More...
Read More...
Gold eases after 3.2% advance, US jobless claims eyed for fresh signal
Spot gold eased from $1740 high (posted after three-day 3.2% pre-Fed rally) in early Thursday, as traders booked profits.
The yellow metal accelerated higher after Fed presented its economic projections which point to long post-pandemic…
Read More...
Read More...
Bulls focus 2020 high; US jobless claims and Eurogroup meeting could trigger stronger volatility
The Euro is consolidating under new three-month high (1.1422), after Fed’s projections for the long way recovery of the US economy and signal that rates will remain at ultra-low levels for some time, raised traders’ concerns and…
Read More...
Read More...