Aussie bears are pausing as China is back to business after holiday and on upbeat Chinese CPI data
The Australian dollar rose in early Monday after hitting new multi-month low at 0.6662 last Friday.
China is back to business after extended Lunar New Year holidays and slight optimism about coronavirus epidemic could be slowing, lifted…
Read More...
Read More...
Choppy trading after mixed but overall solid US jobs data; bears remain intact and on track for the…
The Euro retested session low at 1.0948 after US jobs data before bouncing some 25 pips but remained in choppy mode and lacking near-term direction as markets are digesting the figures.
US non-farm payrolls beat forecast (Jan 225K vs…
Read More...
Read More...
Bulls are pausing under 110 barrier ahead of NFP
Strong four-day rally is taking a breather on Friday ahead of US jobs report, which is expected to provide fresh signal.
The dollar remains well supported and strong labor data today would add to bullish bias for eventual break through…
Read More...
Read More...
Traders anticipate strong US jobs data which would further deflate sterling, but bounce scenario is…
Bears are on hold above key Fibo support in European trading on Friday, as quiet and narrow range movement await release of US jobs report.
Cable registered significant losses this week, pressured by rising dollar and uncertainty over…
Read More...
Read More...
Euro extends weakness on downbeat German data; US labor report in focus
The Euro extends steep fall into fifth straight day and hits new lowest level since early Oct on Friday, on track for the biggest weekly fall since early November.
Downbeat German industrial production data added to weak tone of the…
Read More...
Read More...
Aussie eases further on dovish RBA ahead of US jobs report
The Australian dollar cracked 0.6700 support on Friday, in extension of pullback after recovery attempts stalled on Wednesday.
Fresh pressure on Aussie comes from comments from Australia’s central bank’s governor Lowe, who pointed at…
Read More...
Read More...
Oil prices dip on OPEC+ failure to reach consensus for deeper production cut
WTI oil price fell on Thursday and reversed a half of previous day’s gains, as sentiment soured after OPEC+ group failed to agree on increased production cut in emergency meeting, held today, adding to negative signal on larger than…
Read More...
Read More...
Steep ascend extends into fourth day but faces headwinds at psychological 110 barrier
The pair maintains firm bullish tone for the fourth straight day as dollar enjoys support from easing virus fears and China’s cut of tariffs on US imports.
Strong rally from Monday so far advanced 1.2% and broke above Fibo barrier at…
Read More...
Read More...
Fresh weakness emerges after two-day consolidation and turns focus towards key support zone
Cable returned to red and shifts near-term focus lower after directionless consolidative action in past two days (two daily candles with long shadows on both sides).
Fresh weakness eyes Tuesday’s low (1.2941) and key support zone at…
Read More...
Read More...
Bears are pausing above key supports ahead of US jobs data
The Euro is holding within narrow consolidation just above 29 Jan multi-month low at 1.0992, which was retested on Wednesday’s strong fall.
Bears are taking a breather above key supports (1.0981/92) with larger picture being negative and…
Read More...
Read More...