Bulls are consolidating after overnight’s surge on election results
Cable eases below initial support at 1.3400 in early European trading, after skyrocketing to new 1 ½ year high at 1.3514 overnight, on announcement of Conservative Party election victory.
Corrective action was sparked by profit-taking…
Read More...
Read More...
Euro rose on Lagarde’s comments but 200SMA caps the action for now
The Euro jumped to new five-week high (1.1154) on remarks from new ECB president Christine Lagarde, on press conference following central bank’s decision to keep policy unchanged.
Lagarde said that inflation pressures remain muted but…
Read More...
Read More...
Euro rallies to new 5-week highs as ECB President Lagarde speaks
#ECB #Euro #ChristineLagarde
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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.…
Read More...
Read More...