US crude stocks show record weekly rise
US crude inventories rose by 15.2 million barrels in week to 3 Apr, in the biggest weekly crude stocks rise in the history.
The news were not a big surprise to the markets, although consensus was much lower (9.2 mln bls) after previous…
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Oil price remains at the back foot as all eyes turn to OPEC+ meeting
WTI oil price is moving within tight range on Wednesday but holding above important 10DMA support ($23.49) which contained Tuesday’s over $3 fall.
The sentiment soured after OPEC+ delayed its meeting, originally scheduled for 6 Apr and oil…
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Dips on sentiment shift stay above 10DMA and keep bullish bias
Shift in risk sentiment pushed the Australian dollar lower on Wednesday, but dips were so far limited and stay above rising 10DMA (0.6103), which underpins the action for the second day and marks solid support.
Strong two-day rally from…
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Cable edges lower on weaker Euro but still far from key supports
GBPUSD
Cable eased on Wednesday, dragged by weaker Euro and weakened sentiment on rising number of COVID 19 fatalities.
Situation over PM Johnson, who spent the second night in the intensive care but being stable according to media…
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Euro falls after Eurogroup failed to agree on funding aid
The Euro was down 0.5% in Wednesday’s Asian / early European trading weighed down by failure of EU financial ministers to agree the way of funding economy package.
Fading risk mode on increased death toll on COVID 19 adds to negative…
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Aussie advances to new April’s high on fresh risk appetite
The Australian dollar advanced 1.8% since Asian opening on Tuesday, making the biggest daily advance in the new month and hit new April’s high.
Risk sensitive currency was supported by rise in global equities that boosted…
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The Euro enters corrective phase after six-day fall
The Euro moved higher in early Tuesday’s trading, inflated from weaker dollar, bouncing from new two-week low at 1.0768, posted after six-day fall.
The action is supported by rising momentum (approaching the borderline of positive…
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Bulls take out the last obstacle on the way to record high from 2018
The pair rose to new highest since late Aug 2018 on Monday, confirming positive signal on repeated close above Fibo barrier at 6.6413 (76.4% of 7.1074/5.1323 fall).
The way is now opened towards record high at 7.1074 (13 Aug…
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Extended sideways mode expected while 20DMA holds
Cable edged lower in early US trading on Monday but remains positive for the day.
Near-term action holds above 20 DMA for the second day, underpinned by formation of 10/20DMA’s bull cross that reduces negative impact from Friday’s…
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Oil price regained traction but needs more signals for further recovery
WTI oil regained traction and rose above $28 mark in European trading on Monday, following gap-lower opening in Asia.
Oil started week at $26.07 after closing on Friday at $28.73, as traders feared further deterioration of the conditions…
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