Extended consolidation above new 2019 low awaiting Fed for fresh signals
The Euro showed mild reaction on a batch of data from the EU today, as upbeat German retail sales and slightly better than expected jobs data were offset by French and Spanish GDP, which came in line and slightly below expectations, while…
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Aussie bounces on better than expected inflation data; Fed in focus
The Australian dollar bounced from new six-week low (0.6862) on Wednesday, boosted by better than expected inflation data.
Australia’s annualized CPI rose 1.6% in Q2 from 1.3% in Q1 and beating forecast at 1.5%, while monthly rise was 0.6%…
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EURGBP hit new 23-month high on rising fears of disorderly Brexit
The cross rose to new multi-month high at 0.9189 on Tuesday, in extension of Monday’s strong bullish acceleration (the pair was up nearly 1.5% for the day on the biggest daily advance since 15 Nov 2018) fueled by rising fears of disorderly…
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Bullish n/t outlook above 14.12 Fibo support
Bulls are regaining traction and return above 200DMA (14.18) after two-day pullback (following double-rejection at 100DMA at 14.30), found footstep at 14.13 (just above Fibo 38.2% of 13.81/14.31 upleg).
Signals from daily techs are still…
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Post-CBRT bears extend and crack key 200DMA support
The USDTRY holds in red for the fourth straight day and cracked key support at 5.5658 (200DMA) today.
Lira advanced strongly after Turkey’s central bank surprised markets by 4.25% rate cut last week against expectations for 2.5% cut.…
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Bulls face strong headwinds at key resistance zone
The pair eases on Tuesday, following re-peated rejection under key barriers at 108.92/99 (Fibo 38.2% of 112.40/106.78 / 10 July high), weighed by losses of GBPJPY which leads JPY gamma.
Bulls face difficulties to progress within thick…
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Sterling can retest post-Brexit vote low on dramatic no-deal Brexit scenario
Cable extends steep fall in early Tuesday’s trading to the lowest level since March 2017, in extension of Monday’s 1.28% fall (the biggest one-day loss since 15 Nov 2018).
The pound collapsed after new PM Boris Johnson said that Britain…
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Aussie extends weakness and hits new 5-week low
Bears cracked round-figure support at 0.6900 on Monday, in extension of steep fall last week, when the pair registered 1.85% weekly fall.
Fresh weakness posted new five-week low, as the US dollar continued to rise on Monday and extended…
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Range-trading extends into second week in absence of stronger direction signals
WTI oil price is trading within narrow range on Monday and extending directionless mode into second week.
Talks between Iran and major powers over the weekend ended in overall positive tone that increased pressure on oil price, but…
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Extended consolidation likely to precede fresh attack at key 1.11 support zone
The Euro holds in extended consolidation above new 2019 low (1.1101) but remains biased lower, following limited upside action and technical studies in full bearish setup.
Bears look for eventual break through cracked key 1.11 support zone…
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