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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Bulls remain underpinned by daily cloud but unable to resume, awaiting signals from US data / Fed
Recovery lost traction in early European trading on Wednesday after German data showed stronger than expected rise in unemployment in October.
Bulls were capped by daily Tenkan-sen / 100DMA, but subsequent easing was mild and price action…
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Directionless n/t mode between 1.1064 Fibo support at 1.1105 daily cloud top
The Euro holds in red on Tuesday and cracks lows of past two days (1.1073/75) after Monday’s advance was capped by daily cloud top (1.1105) and subsequent weakness erased previous day’s gains.
Signals from 4-hr studies are negative, as…
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Hopes for fresh attempts at 1.30 will remain alive while Fibo support at 1.2819 holds
Cable stands at the back foot in early European trading on Tuesday and probes again through 1.2819 Fibo support (23.6% of 1.2195/1.3012) which contained attacks in past three days and kept near-term bias with bulls.
Studies on daily…
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