Dovish RBA and fresh risk aversion push Aussie lower
The Australian dollar fell on Tuesday after RBA minutes of the first policy meeting in 2020 showed that RBA reviewed the case of rate cut in February after stayed on hold in January.
Fresh risk aversion amid fall in global stocks also…
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Recovery faces headwinds but improved sentiment encourages for further advance
WTI oil price remains steady and holding near recovery high ($52.52) as bulls pause here, capped for now by falling 20DMA.
Daily studies point to consolidative/corrective action as stochastic is strongly overbought and momentum turns south…
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Limited consolidation is expected to precede fresh bearish extension
The Euro is holding within narrow consolidation above new nearly three-year low (1.0827) in European trading on Monday, but strong bearish pressure remains, following 2.35% fall in past two weeks.
Two consecutive long red weekly candles…
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Slight bullish bias after downbeat Japanese GDP
The pair extends sideways mode into second day, with Monday’s action being slightly bullishly aligned but still holding within Friday’s range.
Downbeat Japanese GDP data (Q4 -1.6% q/q vs -0.9% f/c and 0.1% in Q3) had little impact but…
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Bulls remain in play after last week’s 1.2% advance
Cable is holding well above key 1.30 support in early Monday’s trading and consolidating after last week’s 1.2% advance.
Main boost for pound last week was change of the finance minister in PM Jonson’s cabinet as new finmin Sumak is seen…
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Break below 10DMA would signal end of recovery phase and reversal
The Australian dollar fell in European session on Friday, maintaining negative near-term tone, following repeated recovery rejection at 0.6750 Fibo barrier (23.6% of 0.7032/0.6662, reinforced by falling 20DMA) and Thursday’s close in read…
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Directionless action between 109.57 and 110
Friday’s action was so far shaped in Doji candle and in directionless, following Thursday’s close in red after failure to sustain break above important 110 barrier.
Coronavirus fears prompted investors into safe-havens that boosted yen…
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Bears may extend towards 1.07 zone after limited consolidation
The Euro is consolidating under new nearly 34-month low at 1.0827 on Friday but maintains strong bearish tone and on track for the second straight massive weekly loss (the pair fell 1.32% last week and is so far down 0.84% this week).…
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Consolidation may precede fresh advance as appointment of new fin min boosted the sentiment
Cable maintains firm tone and holding near one-week high (1.3069) posted after Thursday’s 0.64% advance.
Marginal daily close above 1.3040 (50% of 1.3209/1.2871 / 30DMA) was bullish signal which requires confirmation on repeated close…
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Bears extend to the lowest level since 2015
The cross extends steep bear-leg from 1.0727 (5 Feb lower high) through key support at 1.0631 (21 Feb 2017 low) and hit new multi-year low at 1.0609 (the lowest since Aug 2015).
Safe-haven Swiss franc remains well supported by growing …
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