Fresh recovery acceleration is pressuring key barrier at 1.0954
The Euro extends recovery on Thursday and pressuring pivotal barriers at 1.0954 (falling 30DMA / Fibo 38.2% of 1.1239/1.0778), after taking out initial barrier at 1.0904 (20DMA).
Fresh bullish acceleration emerged after Wednesday’s…
Read More...
Read More...
WTI price establishes below $50 on rising pressure over fears of coronavirus pandemic
The WTI oil’s near-term action remains firmly in red and extends steep fall into fourth straight day.
Today’s break below psychological $50 level and former low at $49.41 (4 Feb) pushed oil price to the lowest levels since early January…
Read More...
Read More...
Bears take a breather after steep fall in past three days
The pair edged higher in early Wednesday’s trading, in consolidation after steep fall in past three days as dollar was sold on rising expectations of Fed rate cut.
Growing fears of coronavirus pandemic after signs of rising numbers of…
Read More...
Read More...
Pullback from new 7-year high was so far limited as strong fears of coronavirus pandemic persist
Spot gold price dipped on Tuesday after steep, week-long rally hit new 7-year high but showed initial signs of stall on Monday’s daily candle with very long upper shadow, formed after strong upside rejection on approach to psychological…
Read More...
Read More...
Fading risk appetite signals an end of brief recovery and shifts focus lower
Recovery attempts from new 11-year low (0.6583) were so far mild, as today’s action is back to red on fading signals of renewed risk appetite.
Fresh optimism on comments of possible vaccine for coronavirus and brief easing of US dollar…
Read More...
Read More...
The dollar holds in red for the third straight day
The pair extends weakness from double rejection at 112.22/18 into third day and retests Fibo support at 110.39 (23.6% of 104.44/112.40 ascend) which contained Monday’s fall.
Dovish steer from Fed in rising expectations that the US…
Read More...
Read More...
Pound rises on dovish shift in Fed and fading risk aversion mode
Cable accelerated higher in late Asian/early European trading on Tuesday as dollar softened on rising expectations that the Fed may cut interest rates this year to reduce negative impact from coronavirus epidemic on the economy.
Fresh…
Read More...
Read More...
Recovery attempts to extend on easing risk-off mode but overall picture remains bearish
The Euro remains firm and holding near recovery high at 1.0871 (Monday’s high) inflated by lowered concerns about coronavirus pandemic risk that revived demand for riskier assets.
Monday’s repeated close above 10DMA was initial bullish…
Read More...
Read More...
Bears to resume after consolidation as global risk-off mode weighs heavily
The Aussie is holding near new marginally lower low (0.6583), posted after Monday’s gap-lower opening, hammered by increased risk aversion on fears after coronavirus spread outside China.
Friday’s recovery attempt on strong downside…
Read More...
Read More...
Rising risk aversion turns Monday’s action in red
Cable started the week in red and erased the most of Friday’s recovery, pressured by strong risk aversion.
The pair was down 0.4% in Asia / early Europe on Monday and slid below cracked 100DMA (1.2949), turning daily MA’s back to full…
Read More...
Read More...