Lira jumps after CBRT surprised with 0.75% rate cut vs 0.5% consensus
Turkish lira rose against US dollar after CBRT surprised markets by 0.75% rate cut to 11.25% vs widely expected half percent easing.
The central bank said that current policy stance remains consistent as inflation outlook continues to…
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Bulls eye 1.12 zone after break of key barriers
The Euro maintains firm tone on Thursday and keeps focus at the upside after strong bullish signal was generated on Wednesday’s surge and close above key 1.1140 resistance zone.
Rising bullish momentum on daily chart and MA’s in bullish…
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Fresh strength probes again through 110 but risk of stall exists
The pair regains traction after bulls paused in past two days, as US-China trade deal reduces uncertainty and reduces demand for safe-haven yen.
Fresh bid attacks again cracked 110 barrier after bulls spiked to 110.21 but failed to close…
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Swiss franc rises to new multi-month high vs dollar
The Swiss franc continues to shine and extended larger strength against US dollar to new highest level since September 2018 on Thursday.
Fresh rally was fueled by decision of the US Treasury Department to add Switzerland to the list of…
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Multiple upside rejections warn of pullback
The dollar index eases on Wednesday after being congested under key Fibo barrier at 97.26 (38.2% of 99.29/96.00 fall) for a few days.
Three consecutive Dojis and four rejections at 97.26 resistance increase risk of stall of recovery rally…
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Aussie dips below 200DMA on concerns of negative impact from trade deal
The Australian dollar dipped below 200DMA support (0.6890) on Wednesday, after details of US/China trade deal which is going to be signed later today were digested.
Concerns that the deal could hurt Australian economy, increased pressure…
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Reversal pattern is forming on daily chart
The pair eases on Wednesday after previous day’s action ended in Doji candle with long upper shadow and generated an initial signal that steep uptrend from 107.65 (8 Jan spike low) is losing traction and corrective pullback or reversal…
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Recovery remains capped by key 1.1140 resistance zone but n/t action is still slightly biased higher
Attempts to extend recovery after strong downside rejection last Friday remain limited by a cluster of key barriers at 1.1140 zone (200DMA / double Fibo barrier / converged daily Tenkan-sen/Kijun-sen).
Long shadow on Friday’s daily…
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Weak inflation increases bets for rate cut and keeps pound under pressure
Cable dipped after UK data showed inflation unexpectedly fell to three-year low in December (Dec y/y 1.3% vs 1.5% prev / f/c).
Weak inflation increases pressure on BoE to cut interest rates, which could occur as soon as the end of this…
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US consumer prices rose moderately in December
US consumer prices rose moderately in December and inflation pressure eased that would allow the Fed to remain on hold with interest rates in coming months.
The monthly inflation rose 0.2% in December vs previous month’s 0.3% increase and…
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