Euro eases from new high awaiting fresh signals from ECB / US jobless claims
The Euro eases from new 11-week high at 1.1257 on Thursday, partially due to overbought conditions and partially as positioning ahead of ECB’s policy announcement. |
The pair holds in steep uptrend which lasts almost three weeks, boosted…
Read More...
Read More...
Key resistances at 1.2642/62 coming in focus
Cable broke above 100DMA (1.2565) on Wednesday and dented 1.2600 barrier, hitting one-month high at 1.2611.
Optimism over EU/UK Brexit negotiations and falling dollar underpin sterling, keeping the pair in green for the fifth consecutive…
Read More...
Read More...
Bulls crack important barriers on Wednesday as strong rally extends into seventh straight day
The Euro hit new high at 1.1227 in early European trading on Wednesday, extending steep advance into seventh consecutive day.
The pair generated bullish signal on Tuesday’s marginal close above Key Fibo barrier at 1.1166 and today’s…
Read More...
Read More...
Bulls remain firm on weak dollar / Brexit negotiations optimism
Cable cracked 100DMA barrier (1.2570) in extension of Monday’s 0.55% rally through 1.2500/16 (round-figure / Fibo 61.8% of 1.3199/1.1409).
Weakening dollar holds in red for the sixth straight day and underpin pound with fresh support…
Read More...
Read More...
Probe above key Fibo barrier exposes next strong obstacles at 1.1221/24
The Euro extends advance into sixth straight day on Tuesday and cracked key Fibo barrier at 1.1166 (61.8% of 1.1494/1.0635) to post new 2 ½ month high at 1.1187.
Weak dollar and growing risk mode keeps the single currency inflated and…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...