Bulls return to play but caution on possible repeated upside rejection
Bulls returned to play and probe again through pivotal barriers at 108.04/16 (100DMA / Fibo 76.4% of 109.31/104.44), following short-lived pullback to 107.46 and subsequent rebound.
The dollar regained traction after being hit by risk…
Read More...
Read More...
Daily cloud top holds for now but deeper pullback cannot be ruled out
Pullback from strong barrier 1.2501 (Fibo 38.2% of 1.3381/1.1958, reinforced by falling 100DMA, where double upside rejection occurred) extends into second day and probes through strong support, provided by daily cloud top (1.2399).
The…
Read More...
Read More...
Bears found footstep after Monday’s strong fall but risk remains shifted lower
The Euro found footstep and moved above broken 1.10 support after bulls were trapped at 30DMA and stalled on approach to pivotal Fibo barrier at 1.1111 with subsequent acceleration lower on Monday, resulting in 0.68% fall (the biggest…
Read More...
Read More...
Aussie dips after dovish RBA; dips face solid supports at 0.6800 zone
The pair fell to 1 ½ week low in early Tuesday’s trading after minutes of RBA last meeting signaled that the central bank would consider more rate cuts in the near future.
Weak Australian housing data (although better than expected but…
Read More...
Read More...
Bulls regained ground after being shaken by risk-off mode; Fed is in focus
The pair returned to 108 zone as bulls regained traction after immediate reaction on Saudi oil installations that sparked risk aversion and sent dollar to 107.47 in Asian session, with dip being contained by broken Fibo barrier at 107.45…
Read More...
Read More...
Bulls face strong headwinds but expected to remain in play while rising 10DMA holds
The pair slipped on Monday following fourth consecutive failure to clearly break above significant resistance at 0.6879 (daily cloud top / 50% retracement of 0.7082/0.6677 fall).
Fresh risk-off mode inflate the greenback and increase…
Read More...
Read More...
Euro eases after strong rejection at key Fibo barrier
The Euro holds in red and eases in European trading on Monday as dollar is regaining traction after being hit by fresh risk-off mode on attack on Saudi oil installations during the weekend.
Strong two-day bounce from Thursday’s post-ECB…
Read More...
Read More...
Bulls take a breather after strong rally on Friday; daily cloud top marks key support
Cable eased to 1.2425 as traders booked profits after last Friday’s 1.36% advance which was capped by strong barrier at 1.2501 (Fibo 38.2% of 1.3381/1.1958 descend, reinforced by falling 100DMA).
Today’s repeated upside rejection (1.2503)…
Read More...
Read More...
Geopolitical tensions boosted safe haven demand but all eyes are on Fed
Spot gold opened with gap-higher on Monday and returned above $1500 level, as rising tensions in the Middle East following latest attack on Saudi oil facilities prompted investors into safe-haven assets.
The yellow metal benefited from…
Read More...
Read More...
Oil price spiked to 4-mth high following gap-higher opening on escalation of geopolitical tensions
WTI oil was the top performer of the Asian session on Monday as the contract opened with gap higher ($5) and spiked to new four-month high at $63.23.
Oil markets were hit by the attack on oil facilities in Saudi Arabia during the weekend …
Read More...
Read More...