Firm break below daily cloud base exposes key Fibo support at 105.20
The pair hit new seven-week low at 106.20 in Asian session on Wednesday, signaling continuation of the downtrend from 111.71 (24 Mar high).
Tuesday’s close below daily cloud base, after last week’s probes lower were short-lived but…
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Bears extend to the lowest levels since Nov 2016
The cross fell further on Wednesday and hit new 3 ½ low just under 115 mark, holding in red for the fifth straight day.
The Euro was hit by Tuesday’s German top court decision, with rising safe-haven demand on concerns about…
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WTI oil extends recovery on growing optimism on narrowing disbalance between supply and demand
WTI oil price rose to two-week high above $24 on Tuesday, extending recovery into sixth consecutive day.
Renewed optimism in the markets on reopening after lockdown in several countries and US states, inflates oil prices as…
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Rising oil and stock prices underpin Aussie’s recovery
The Australian dollar extends recovery into second day, signaling formation of higher low at 0.6372, supported by unchanged RBA and risk sentiment on rising stocks and oil prices.
Fresh gains through 0.6438/48 (10DMA / Fibo 38.2% of …
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Better than expected UK PMI data keep pound afloat despite weaker Euro and firm dollar
Cable was dragged by weaker Euro after German court announcement and hit session low at 1.2420, but better than expected UK PMI data (Services Apr 13.4 vs 12.2 f/c / Composite Apr 13.8 vs 12.9 f/c) offset negative impact and inflated pound…
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Euro extends weakness after German court ruling
The Euro fell around hundred pips and hit the lowest since 29 Apr after German top court ruled the Bundesbank must stop buying government bonds under the ECB’s stimulus program, unless the central bank can prove the purchases are needed.…
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Copper price fell to nearly two-week low on renewed concerns about weaker demand
Copper price fell further on Monday, extending pullback from last week’s recovery high ($2.3929) into third straight day.
Future contract for July’s delivery fell to the lowest in nearly two weeks ($2.2828) on Monday, but stays for now…
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WTI price remains in green despite trade war escalation threats
WTI oil price jumped towards $20 level in early US trading on Monday after opening lower at the beginning of the day and pulling back around $2 in Asia and Europe.
Last week’s strong recovery is taking a breather after bulls failed to…
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