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…
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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.…
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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,…
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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,…
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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…
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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…
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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…
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Strong 200DMA barrier should ideally cap bounce
The cross bounces from new five-month low at 0.8694, posted after pound’s strong advance last Thu/Fri, on rising Brexit optimism.
Last week’s strong fall (2.1%) failed to close below cracked weekly cloud base (0.8724) that signals bears…
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Bulls are taking a breather after 3.6% rally and awaiting fresh signals from Brexit talks
Cable dips to 1.2555 in early European trading on Monday as traders booked some profits from past two days 3.6% advance, but remain cautious, as further advance could be expected on fresh positive Brexit news.
Renewed optimism for Brexit…
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Gold tumbles as positive signals from trade talks boost risk appetite
Spot gold is holding in red for the second straight day and fell to the lowest level in one week ($1479) on Friday.
Optimistic tones from top US/China trade negotiations, with good signals for possible solutions, prompted investors into…
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