Aussie bounces from new 18-year low, posted after RBA rate cut
The Australian dollar fell to the lowest since Oct 2002 on Thursday after central bank of Australia cut interest rate to record low at 0.25%.
The Aussie was down over 15% vs its US counterpart in less that two weeks, as corona…
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Bears on hold above key 1.15 support zone as traders assess massive stimulus, but outlook remains…
Cable is holding within narrow consolidation in early Thursday’s trading following previous day’s massive sell-off when pound lost nearly 4%.
Key 1.15 support zone (lows hit after 2016 Brexit vote) was dented on Wednesday, but bears may…
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Euro falls below 1.09 as dollar buying explode
The Euro follows sterling and extended weakness through 1.09 round-figure support on Wednesday, to hit the lowest levels in nearly one month.
Panic over possible global recession prompts traders into safe-haven dollar, keeping the single…
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Sterling broke through critical 1.20 support much easier than initially anticipated
Cable easily broke through very important 1.20 support zone despite my expectations to show at least some hesitation here.
It seems that the situation is more serious than estimated and traders in panic flee from sterling, mainly into so…
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Oil price collapses to the lowest since 2003
WTI oil collapsed below week-long range floor and hit new lowest since 2003 as markets continue panic selling on fears of global recession on corona virus pandemic that already slashed demand.
Big oil producers entered price war and…
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Cable cracks critical 1.20 support zone
Cable remains in steep downtrend that extends into seventh straight day and pressures critical 1.20 support zone (lows of 2016/19).
Sentiment remains very negative, as traders remain out of riskier assets, with measures that governments…
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Oil prices in sideways near-term mode but bias remains with bears
WTI oil price ranged between $28.69 and $30.58 levels but keeping negative tone on growing fears of devastating impact on global oil demand from corona virus outbreak that prompted the shutdown of vast areas in the global economy
Adding to…
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Euro collapses on Tuesday, on track for the biggest daily fall since June 2018
The Euro collapsed on Tuesday, registering daily loss of 2% until now, being under strong pressure from downbeat German data and rising demand for safe-haven dollar.
Today’s bearish acceleration took out several important supports,…
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Turkish lira falls to new 16-month low vs dollar after CBRT 1% rate cut
The Turkish lira continues to weaken and hit new lowest since Sep 2018 on Tuesday as rising demand for safe-haven greenback offsets the action of Turkish central bank.
The CBRT cut interest rates today by 1%, bringing rate to single digit…
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Aussie trades below 0.60 level for the first time since 2003
The Aussie dollar extended weakness on Tuesday and cracked psychological 0.60 support, hitting the lowest levels in 17 years.
Rising demand for safe-haven greenback and China’s economy being badly hit by corona virus outbreak are the key…
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