Brexit deal has been reached but story still needs to be completed
Cable spiked to new over five-month high, just ticks ahead of psychological 1.30 barrier (also weekly cloud base) on news that the EU and UK negotiators reached a deal.
Fresh optimism on orderly divorce inflated pound, but traders took…
Read More...
Read More...
DUP’s rejection of Brexit plan additionally complicates the situation
Cable fell in early European trading on Thursday after Northern Ireland’s DUP rejected to support Brexit deal as it stands that additionally complicated the situation, as EU summit starts today and two sides are still away from final…
Read More...
Read More...
Cable was shaken strongly by news that proved to be false
Cable was riding on a roller-coaster for a few minutes at the beginning of the US session, jumping up and down within 1.2730 / 1.2830 range, with action being sparked by report that DUP has agreed on main points that opened way for final…
Read More...
Read More...
Gold ticks higher on Brexit / trade uncertainty but techs still point lower
Spot gold edged higher in European trading on fresh uncertainty over Brexit talks and negative tones from US/China trade talks.
The yellow metal hit session high at $1485 on bounce from Tuesday’s two-week low at $1477, posted after daily…
Read More...
Read More...
Near-term action remains congested under daily cloud but still biased higher
The Euro regained traction after being dragged by lower pound in early European trading on Wednesday and remains constructive, despite the action in past few sessions was repeatedly capped and heavily weighed by falling thick daily cloud.…
Read More...
Read More...
Sterling eases from new high in volatile market and awaiting fresh news from Brexit negotiations
Cable pulls back from new five-month high (1.2798) in early European session trading on Wednesday, a traders await fresh news from marathon UK/EU talks.
Positive signal that the deal is close to be reached inflated sterling on Tuesday,…
Read More...
Read More...
Oil falls further as sentiment weakens on rising concerns about demand growth
WTI oil fell $1 on Tuesday, extending strong losses from the previous day, as weak China’s data on Monday soured sentiment and added to worries about demand growth of top oil importer.
Better than inflation data from China today,…
Read More...
Read More...
Bulls face strong headwinds from thick falling daily cloud
The Euro holds within narrow-range directionless mode for the second day, following failure to close above falling 55DMA (1.1050) and weighed heavily by thick falling daily cloud.
Daily studies remain supportive, as bullish momentum…
Read More...
Read More...
Sterling inflated by optimistic news but 200DMA still caps
Cable surged neat 1.27 barrier in early Europe on Tuesday, after comments of EU negotiator Barnier, who said that Brexit deal is still possible this week.
Fresh optimism shifts near-term focus higher, despite subsequent profit-taking that…
Read More...
Read More...
Lira remains under strong pressure and may fall significantly if situation deteriorates
The pair hits new 1 ½ month high at 5.9220 on Monday, in extension of last week’s 3% advance and eyes pivotal barrier at 5.9408 (Fibo 61.8% of 6.2445/5.4494, May/Aug fall).
Turkish lira lost ground after recent strength was capped by…
Read More...
Read More...