Bulls focus 2020/19 highs but may take some time for final attack
The pair maintains bullish tone and eyes key barriers at 112.22 (2020 high) and 112.40 (2019 high) as four consecutive closes above Fibo barrier at 109.61 (76.4% of 112.22/101.18) added to positive signals despite evident hesitation that is…
Read More...
Read More...
Cable dipped nearly three big figures after recovery ran out of steam
Cable lost traction and fell near 1.1700 handle in early US trading on Wednesday after recovery accelerated through Fibo 23.6% and 10DMA barriers (1.1832/87 respectively) but stalled after hitting a peak at 1.1973.
The pair lost…
Read More...
Read More...
WTI price dips as oversupply concerns offset positive impact from US aid package
WTI oil dips below $24 on Wednesday after hitting session high at $25.83, unable to hold gains, despite overall positive sentiment in the markets after US Congress passed aid package.
Oil prices remain vulnerable of fresh losses as…
Read More...
Read More...
Recovery needs close above pivotal Fibo barrier to signal reversal
The Euro stands at the front foot on Wednesday and probes again above pivotal Fibo barrier at 1.0838 (23.6% of 1.1494/1.0635 fall) following Tuesday’s failure to clearly break above, despite spike to 1.0887.
The sentiment has improved on…
Read More...
Read More...
Cable extends advance on fresh risk appetite; Tuesday’s bullish engulfing underpins
Cable extends advance into second day, driven by fresh risk appetite on US stimulus package.
Bulls broke above Fibo barrier at 18323 (23.6% of 1.3199/1.1409), adding to positive signal on Tuesday’s bullish engulfing.
Fresh upside…
Read More...
Read More...
Dow continues to head north after Tuesday’s massive 11.5% advance, driven by fresh optimism on…
The Dow Jones extends gains on Wednesday, following previous day’s massive 11.5% rally, riding on fresh optimism on Fed $2 trillion aid package that is to be approved by US congress.
Restored confidence after Fed’s latest measure,…
Read More...
Read More...
Post-Fed recovery attempts so far lack momentum to accelerate stronger
WTI oil eased $1 in European trading on Tuesday after attempt to extend recovery stalled at $25.64.
Oil was boosted by Fed’s latest steps to bolster the economy, hit by corona virus pandemic, but $2 trillion-worth aid package is still…
Read More...
Read More...
Euro rises on fresh optimism, but more evidence required to signal reversal
The Euro benefited from Fed action and advanced 1.2% since opening in Asia, as renewed optimism boosted risk appetite.
Fresh bulls broke out of two-day congestion, formed above new three-year low and generated initial positive signal on…
Read More...
Read More...
Aussie rose on fresh risk appetite sparked by latest Fed measures
The Australian dollar regained traction and rose to session high at 0.5975 on Tuesday, driven by fresh optimism in the market on Fed’s latest measures that boosted risk appetite.
Comments from US Treasury secretary that $2 trillion dollar…
Read More...
Read More...
Euro jumps after Fed but traders look for confirmation from US congress to stronger embark longs
The Euro rose above 1.08 on Monday after Fed announced a new set of measures, but hesitation among investors is evident as the legislation need to be verified by the Congress.
Such scenario, according to immediate reaction on…
Read More...
Read More...