Positive tone above daily cloud but risk of bull-trap exists
The Euro found fresh bid on Thursday and bounced from daily cloud top (1.1078) which underpins for the third straight day and keeps bullish bias intact.
Two consecutive Dojis (Tue/Wed) with Wednesday’s candle having very long upper…
Read More...
Read More...
Fresh bullish extension on Thursday cracks next resistance zone
Cable maintains strong bullish tone and extends to new seven-month high in early Thursday’s trading.
The pair was up 0.85% on Wednesday, in the biggest one-day rally since 18 Oct, as positive sentiment was strongly boosted by rising…
Read More...
Read More...
Cable extended rally to seven-month high, helped by downbeat US data
Cable extended strong advance on Wednesday and hit new seven-month high at 1.3120.
The pair cleared several barriers en-route (100/200 WMA’s), after downbeat US data (ADP private employment report and non-manufacturing PMI) further hurt…
Read More...
Read More...
Aussie bounces on weaker greenback after downbeat US jobs data
The Australian dollar bounced from session low at 0.6813, posted after Aussie’s fall on weaker than expected Australia’s GDP (Q3 0.4% vs 0.5% f/c).
The pair was inflated by renewed optimism over US/China trade talks(after President Trump…
Read More...
Read More...
Euro cracks key barriers on rally after weak US data
The Euro regained traction and jumped in early US trading on Wednesday, after weaker than expected US private sector employment data (ADP Nov 67K vs 140K f/c and downward-revised Oct 121K) hit the greenback.
The pair traded in a sideways…
Read More...
Read More...
Fresh bearish acceleration hits lowest levels in nine months
Bearish acceleration on Wednesday probes below 0.8500 mark for the first time in seven months and signals continuation of larger downtrend from 0.9324 (2019 high, posted on 12 Aug).
Fresh bears cracked strong support zone at 0.8489/71…
Read More...
Read More...
Final break of key 1.30 resistance zone signals bullish continuation
Cable rallied in early Wednesday’s trading and eventually broke above strong 1.30 zone barrier, to touch next target at 1.3045 (Fibo 76.4% of 1.3381/1.1958, reinforced by falling 100WMA), hitting the highest level in nearly seven months.…
Read More...
Read More...
Oil price falls on fresh concerns over trade deal delay
WTI oil fell $1 on Tuesday after President Trump threatened to keep trade deal with China until late 2020.
In addition, US threats of tariffs against France, Brazil and Argentina, further soured the sentiment and increased concerns about…
Read More...
Read More...
Gold accelerates higher on fresh risk aversion
Spot gold advanced 0.7% in Asia / Europe on Tuesday and holding at session high at $1475 (the highest since 20 Nov) in early US session.
The yellow metal rallies on weaker dollar after downbeat US manufacturing data and fresh uncertainty…
Read More...
Read More...
Dollar gets hurt further by President Trump’s comments on China deal
The pair falls further on Tuesday, in extension of Monday’s 0.50% loss after the dollar was hurt by weak US manufacturing data.
The latest news about US/China trade conflict further pressured the greenback.
US President Trump said today…
Read More...
Read More...