Quiet mode on lack of Brexit news, fading bullish momentum warns of weakness
Cable is holding within tight range in early Monday’s trading, as lack of news from main driver- Brexit keeps near-term action in quiet mode.
Fresh bulls from 1.2788 trough show initial signs of stall on approach to key 1.30 zone.
The…
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Euro eases ahead of Lagarde but bias remains with bulls
The Euro dipped in early European trading on Monday as traders await the first speech of Christine Lagarde as ECB’s president, later today.
Lagarde is widely expected to continue the easy policy of her predecessor Mario Draghi.
The…
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Euro returned to strength after short-lived dip on solid US jobs data
The Euro initially fell to daily low (1.1128) after solid US jobs data (Oct NFP 128K vs 89K f/c) with strong upwards revision of Sep figure (180K from 136K) which diminished worries about negative signals from weak forecasts.
Although…
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Bears on hold after strong acceleration on Thursday; weak NFP could further pressure the greenback
The pair is consolidating within tight range above new three-week low on Friday, following Thursday’s 1.07% drop (the biggest one-day fall since August.
The greenback was hit by dovish Fed and yen appreciated from unchanged BoJ but…
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Gold rises as renewed trade uncertainty prompted traders into safe-havens
Spot gold rallied on fresh safe-haven demand on Thursday, after China expressed doubts about signing any deal with the US that increased uncertainty over ongoing trade conflict.
Yellow metal was boosted by dovish Fed on Wednesday which…
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Yen rallies on dovish Fed and fresh safe-haven demand on US/China pessimism
The pair extends weakness and is down 0.5% since opening of Asia, as dovish Fed hit dollar and safe-haven yen was additionally boosted by comments from China, expressing doubts over possible trade deal with the US.
Wednesday’s red Doji…
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Oil price falls on fresh pessimism over US/China trade conflict
WTI oil fell from session high at $55.60 and tested $55 handle following the latest news.
China expressed doubts about reaching trade deal with the US that soured sentiment.
Recovery from Thursday’s one-week low at $54.49 (hit after…
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Post-Fed bulls eye 200DMA and key Fibo barrier at 1.1197/1.1208
The Euro remains tall against dollar and consolidating under initial barrier at 1.1179 (21 Oct high), following strong post- dovish Fed bullish acceleration.
The Fed cut interest rate by 0.25% as expected, but chief Powell, in his press…
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Loonie falls sharply after dovish BOC and solid US data. All eyes now on Fed
The USDCAD pair surged 0.5% to new two-week high, after The Bank of Canada kept its key interest rate unchanged at 1.75% but cut global and domestic growth forecast as the economy was hit by trade conflicts.
The greenback received…
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Cable holds positive tone ahead of Fed
Cable maintains positive tone and ticked above 1.29 handle, following four consecutive rejections at 1.2819 Fibo support (23.6% of 1.2195/1.3012).
Fresh advance after Tuesday’s long-legged Doji cracks initial barrier at 1.2890 (10DMA),…
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