High uncertainty keeps cable directionless; the second parliament’s vote on Brexit in focus
Cable dipped in early European trading on Tuesday after unsuccessful probe above psychological 1.30 barrier (also weekly cloud base) and Monday’s action ending in long-legged Doji.
Strong indecision is fueled by Brexit uncertainty as UK…
Read More...
Read More...
Bearish continuation signals extension towards May’s lows; weekly cloud base to cap
The cross remains in red on Monday, following heavy losses in past two weeks and formation of bearish continuation pattern on daily chart, on fresh extension lower after two long-egged Dojis last week.
Last Friday’s break and…
Read More...
Read More...
Strong three-week advance may take a breather before attack at 200DMA
The Euro holds in green for the fifth straight day and posted new marginally higher high at 1.1179 (the highest in five weeks) on Monday, as three consecutive bullish weeks also add to positive outlook.
Bulls focus pivotal barrier at…
Read More...
Read More...
Extended bulls crack daily cloud top and look for further advance as trade tensions ease
The Australian dollar hit five-week high on Monday as strong rally extends into fourth straight day and broke above 100DMA (0.6858), to crack daily cloud top (0.6879).
Bulls eye another strong barrier at 0.6894 (12 Sep high),…
Read More...
Read More...
Pound maintains positive tone and focuses 1.30 barrier despite extended Brexit uncertainty
Cable regained traction in early European trading on Monday after opening with gap-lower and falling 0.5% in Asia, as British parliament delayed a crucial vote on Brexit agreement.
The pair surged to new 5-month high (1.2985) in the last…
Read More...
Read More...
Aussie extends advance after RBA governor diminished prospects for rate cut
The Australian dollar hit one-month high at 0.6842 on Friday, in extension of Thursday’s 1% rally, with fresh advance being sparked by more hawkish than expected remarks from RBA’s governor Lowe.
Lowe said that implementation of…
Read More...
Read More...
Bullish outlook above daily cloud exposes 200DMA target
The Euro remains well supported and consolidating above daily cloud after Thursday’s break above the cloud (the first in three months) generated bullish signal.
Bulls consolidate within narrow range and prepare for push through 100DMA…
Read More...
Read More...
Tight ranges ahead of super Saturday and fireworks on Monday’s opening
Cable is consolidating under new high at 1.2989, posted after Brexit deal announcement on Thursday.
The pair advanced 5.6% in last six days and remains in strong near-term uptrend, but may enter corrective phase before attempting through…
Read More...
Read More...
Euro maintains bullish bias and likely to benefit on any Brexit outcome
The Euro puled back after probing above daily cloud top (1.1123) in strong advance that was driven by Brexit deal announcement and pound’s reaction on news.
Near-term action is holding in consolidation range, after bulls were capped by…
Read More...
Read More...
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...