Reversal signal is fading after Monday’s gap-lower opening and failure to capitalize on strong…
The Euro opened with gap-lower at the beginning of the week and dipped to session low at 1.0805 that partially offset reversal signals from last Friday’s massive bullish candle (the pair was up 0.6% for the day).
Better than expected…
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Pullback was so far limited but risk of deeper correction exists
The pair pulled back from new multi-month high at 112.22 after bulls faced strong headwinds on approach to strong barriers at 112.40/41 (24 Apr 2019 high / 50% retracement of 125.84/98.99 fall).
The 70-pips pullback was so far rejected at…
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Gold extends advance to new highest level since 2009
Spot gold posted new seven-year high on Friday, in extension of strong six-day advance from $1561 higher base.
Persisting fears about coronavirus spreading beyond China and negative impact on global economy, maintain strong safe-haven…
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Upbeat PMI data inflate pound but more work at the upside needed to signal reversal
British pound followed Euro and bounced above 1.29 level after four-day fall was rejected at 1.2849 (nearly three-month low) on Thursday.
Upbeat UK PMI data (Jan Manufacturing 51.9 vs 49.7 f/c / Jan Composite 53.3 vs 52.8 f/c) inflated…
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Aussie falls to new eleven-year low
The Aussie fell further on Friday, weighed down by persisting virus concerns and probed below 0.66 handle to hit new low at 0.6585 (the lowest since Mar 2009).
The pair is on track for strong bearish weekly close that adds to negative…
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Strong German Manufacturing data inflate Euro and revive hopes of recovery
The Euro jumped above 1.08 handle on Friday, boosted by upbeat German Manufacturing PMI data (Feb 47.8 vs 44.8 f/c and 45.3 in Jan).
Fresh advance revives hopes of recovery, which faded after Thursday’s upside rejection and daily close…
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Yen falls to 10-mth low on fading virus impact fears
The pair surged to new ten-month high at 112.22 on Thursday, in extension of previous day’s 1.36% rally.
Strong bullish acceleration in past two days was sparked by fading fears about coronavirus epidemic as well as rising dollar,…
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Gold hits seven-year high on safe-haven buying despite optimistic signals over coronavirus case
Spot gold extends steep ascend on Thursday, inflated by strong safe-haven demand on fears of coronavirus spread outside China, despite signs of strong drop in the number of new cases and PBOC’s cut of benchmark lending rate, in attempts to…
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Aussie fall to 11-year low after weak jobs data
The Australian dollar accelerated to new eleven-year low (0.6621) on Thursday, after Australian unemployment rose above expectations (Jan 5.3% vs 5.2% f/c and 5.1% Dec) while 13.5K new jobs were created in January, above 10K consensus but…
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Bears are on hold but stronger recovery so far looks unlikely
Signals of recovery on Wednesday’s first bullish close after eleven straight days in red, are fading as the pair’s action in Asia/early Europe on Thursday is shaped in long-legged Doji.
Larger bears took a breather on Thursday, but it so…
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