Bears are pausing above 200DMA, awaiting US crude inventories reports
WTI oil price edged higher on Tuesday after steep fall in past six days found footstep at 200DMA ($57.75).
Oil price came under pressure on signs of de-escalation of US/Iran conflict as unexpected rise of US crude stocks last…
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Gold extends below pivotal Fibo support, pressured by rising risk appetite
Spot gold remains firmly in red as eased geopolitical and trade tensions revived demand for riskier assets.
The metal’s price eventually made clear break below pivotal Fibo support at $1547 (38.2% of $1445/$1611) after being congested here…
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Bulls extend above psychological 110 barrier on strong risk mode
The pair broke above psychological 110 barrier and spiked to new nearly eight-month high at 110.21 on Tuesday, in extension of strong advance in past few sessions.
Rising risk appetite on expectations of US/China phase 1 trade deal…
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Weak sentiment on rate cut expectations keeps pound firmly in red
Cable remains in red in early Tuesday’s trading and extends weakness after strong fall on Monday, as downbeat GDP data showed UK economy grew at slowest pace in seven years in November that increased chances of rate cut in coming months.…
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Weak US and upbeat Canada’s jobs data inflate loonie
The loonie rallied against its US counterpart on disappointing US NFP (Dec 145K vs 164K f/c) and AHE (Dec m/m0.1% vs 0.3% f/c), also being boosted by upbeat Canada’s jobs data (Employment change Dec 35.2K vs 25K f/c; unemployment Dec 5.6% …
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US labor sector growth slows in December
US jobs data showed that the labor sector growth slowed more than expected in December.
Non-Farm Payrolls increased by 145K in December, falling below 164K consensus and downward-revised previous month figure at 256K.
Average hourly…
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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…
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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…
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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…
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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…
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