The Euro holds in red ahead of key US jobs report
The Euro remains firmly in red on Friday and extends weakness after Thursday’s long-legged Doji signaled bears were pausing.
The pair is on track for the worst week since early November as dollar benefited from recent geopolitical turmoil…
Read More...
Read More...
Lira rises strongly as geopolitical situation prompts traders into high-yielding and cheap assets
The pair extends steep fall from new multi-month high at 5.9875 into second straight day (down 1% on Wednesday and 0.6% so far today) and cracked important support at 5.8719 (Fibo 38.2% of 5.6848/5.9875).
Massive Wednesday’s bearish daily…
Read More...
Read More...
Cable extends weakness after dovish BoE Governor’s comments
Fresh weakness after dovish comments from BoE Governor Carney approached psychological 1.30 support on Thursday.
Cable is holding in red for the third straight day and threatens for further easing as daily studies softened and…
Read More...
Read More...
Bear take a breather after 4.5% fall; outlook remains negative
WTI oil price is holding within narrow consolidation on Thursday, following 4.5% fall on Wednesday on comments from President Trump who said the US refrains from further military action.
The sentiment was additionally weakened by…
Read More...
Read More...
Bears look for further extension after generating negative signals on break of important supports
The Euro is consolidating on Thursday after strong fall in past two days (0.81%) which generated bearish signals on break and close below important supports between 1.1140 and 1.1110 (Fibo 38.2% of 1.0981/1.1239 / 200DMA/ trendline…
Read More...
Read More...
Bears attack again key support after pausing on Wednesday
The Australian dollar maintains negative bias in early Thursday’s trading despite Wednesday’s Doji and pressures again cracked pivotal support at 0.6860 (Fibo 61.8% of 0.6754/0.7032 /55DMA) after bears repeatedly failed to close below in…
Read More...
Read More...
Safe haven yen extends fall as fears of conflict escalations fade
The pair maintains firm bullish tone on Thursday and extends strong rally from the previous day, hitting the highest levels in past seven days and cracking key Fibo barrier at 109.36 (61.8% of larger 112.40/104.44 fall).
Iran’s rocket…
Read More...
Read More...
WTI extends weakness after short-lived spike, pressured by surprise build in US crude stocks
WTI oil price is down over $4 for the day after hitting new multi-month high at $65.43 overnight, in reaction on Iran’s attack at US forces in Iraq.
Subsequent quick pullback was triggered by calming situation on signs that further…
Read More...
Read More...
Surge to new high and quick pullback suggest that larger bulls may take a breather
Spot gold price spiked to new seven-year high at $1611 in Asia on Wednesday after Iran’s rocket attack sparked strong risk safe-haven buying in the market, but gains were short-lived as situation stabilized after America’s mild reaction.…
Read More...
Read More...
Fresh bears probe again through key supports but need clear break for bearish signal
The Euro returned to firm bearish mode after mild reaction on Iran’s rocket attack and probes again through key support at 1.1140 (200DMA / Fibo 38.2% of 1.0981/1.1239) where recent downside attempts repeatedly failed.
Downbeat German…
Read More...
Read More...