Gold remains firm after Fed, focus turns towards tariffs
Spot gold is consolidating after 0.75% advance on Wednesday, which generated bullish signal on break and close above pivotal Fibo barrier at $1472 (Fibo 38.2% of $1515/$1445 fall).
Gold was strongly boosted by Fed’s decision to keep…
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Sterling might show limited upside action on Tory’s victory and would crash if Labour wins
Cable ticked to new nine-month high at 1.3228 in Asia on Thursday in extension of post-Fed rally but eased back to 1.3200 zone in early European trading.
The pair remains biased higher on positive sentiment over UK election as…
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Euro remains inflated by dovish Fed and awaiting ECB for fresh signals
The Euro maintains positive tone in early Thursday’s trading and probes again through cracked Fibo barrier at 1.1132 (76.4% of 1.1179/1.0981) after Wednesday’s post-Fed advance spiked to 1.1144 but failed to close above.
German inflation…
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2019 UK General Election
Britain’s electorate will go to the polls on Thursday the 12th of December 2019, with expectations that the results of the general election will pave the way towards the end of 3 ½ year-long Brexit story.
UK Prime Minister Boris Johnson…
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The Euro regained traction after mixed US data; awaiting Fed for more signals
The Euro jumped at the beginning of the US session on Wednesday, after mixed US inflation data (Nov CPI m/m 0.3% vs 0.2% f/c but offset benign core CPI which came in line with expectations at 0.2%) deflated dollar.
Today’s dip to 1.1070…
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Pound eases on polls showing narrowing Tory majority
Cable edged lower in early Wednesday’s trading, after spiking to new highest level since 24 Mar (1.3215) on Tuesday, as the latest polls showed a narrowing lead of Conservative Party (28 seats majority vs 68 two weeks ago) that also…
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Consolidation extends into second day but bias remains bullish above broken $58.46 pivot
WTI oil holds in extended consolidation under new eleven-week high at $59.76, as fresh boost to oil prices on OPEC+ agreement to deepen production cuts was offset by renewed concerns about global demand outlook on US/China trade conflict.…
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Bears face headwinds from daily cloud base, fresh trade hopes
The Aussie bounced from the session low at 0.6800 at the start of US trading on Tuesday, on news that fresh round of tariffs due to start on 15 Dec, might be delayed.
The pair remained in red during Asia and Europe following mixed results…
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Turkish lira stands at the back foot on rising political tensions and ahead of CBRT rate decision,…
The pair is consolidating under new seven-week high on Tuesday after advancing 1.1% in past two days, as dollar advanced on strong US jobs data while lira came under pressure on persisting tensions over purchasing Russian arms and the…
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Bulls face headwinds from daily cloud top again ahead of German ZEW data
The Euro remains in green for the second straight day and attacks again daily cloud top (1.1076) which capped Monday’s action.
Rising daily momentum is attempting into positive territory and supporting the action, but positive signals…
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