Gold advances on pre-holiday safe haven demand
Spot gold jumped above multi-day congestion tops at $1480 zone on Monday and penetrated thick daily cloud ($1479/$1490).
Fresh advance signals continuation of larger uptrend which repeatedly failed to clearly break $1480 Fibo barrier (50%…
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Cable is consolidating after 2.5% weekly fall and failure to clear 1.30 level but remains biased…
Cable ticks higher in early Monday’s trading after double failure to close below cracked psychological 1.30 support last Thu/Fri.
The pair suffered the biggest weekly loss in past three years last week, being down 2.5% for the week,…
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Lira takes a breather after suffering strong losses this week
Bulls are taking a breather after this week’s steep ascend cracked key barriers at 5.9378 (former high of 14 Oct) and 5.9408 (Fibo 61.8% of 6.2445/5.4494).
Daily RSI and stochastic are turning south in overbought territory and signaling…
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Overbought conditions suggest consolidation before bulls resume
WTI oil price remains steady and consolidating under new three-month high at $61.33, being boosted by drop in US crude stocks and easing trade tensions that brighten the outlook for global economic growth and energy demand.
Strong advance…
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Trade optimism keeps the Aussie inflated
The Australian dollar extends advance in early European trading on Friday, following previous day’s 0.5% rally on upbeat Australian jobs data and indications that trade deal with China could be signed in early January.
Fresh bullish…
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Recent strong upside rejections weigh heavily and keep bias with bears
The Euro is holding within narrow range in early Friday’s trading but remains biased lower as long upper shadow on Thursday’s candle signals recovery rejection (capped under 200DMA).
Last week’s multiple rejections at 200DMA and 13 Dec…
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Bears are taking a breather above 1.30 pivot, on track for the biggest weekly loss in over 2 yrs
Cable is consolidating above psychological 1.30 support (cracked on Thursday’s dip to 1.2989) in early Friday’s trading, after suffering heavy losses in post-election trading (down 2.5% on Mon/Thu fall) and on track for the biggest weekly…
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Loonie extends advance as Canada’s inflation rose in line with expectations
The pair fell to session low at 1.3116 after data showed inflation in Canada rose 2.2% in November, in line with expectations, boosted by higher energy prices.
The Bank of Canada kept interest rates unchanged for over one year and expects…
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Turkish lira remains under strong pressure and falls to two-month low vs dollar
The USDTRY pair is in steep ascend for the fourth straight day and hit new two-month high at 5.9200 on Wednesday.
Bulls are on track for full retracement of 5.9378 / 5.6850 bear-phase, as lira came under increased pressure on rising trade…
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Oil price eases but key supports still intact; crude inventories report eyed for fresh signals
WTI oil price eased from new three-month high at $60.93 on Wednesday, after Tuesday’s API report showed unexpected rise in crude stockpiles (4.7 million barrels vs last week’s build of 1.4 million barells).
Dips were so far contained by…
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