Lira falls further and pressures key barriers on US sanctions threats; CBRT in focus
The USDTRY pair holds in green for the fourth day and extends advance from 4/5 Sep double-bottom (5.6480) to pressure key barriers at 5.7908 (100 DMA) and 5.8031 (daily cloud top) on Tuesday.
Lira’s sentiment weakened on threats of US…
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Pullback faces headwinds from pivotal $1490 support
Spot gold extends pullback from new six-year high and establishes below $1500, which now acts as initial resistance and caps Tuesday’s action.
The yellow metal’s price holds in red for the fourth day as traders took profits of the latest…
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Oil price continues to advance on optimism of extended production cut
WTI oil extends advance and holds in green for the fifth straight day, with bulls establishing above $58 mark and posting new six-week high at $58.38 on Tuesday.
Fresh optimism on OPEC+ group attempts to extend production cut keeps the…
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Upbeat UK earnings inflate sterling but bulls continue to struggle at daily cloud base
Cable regained traction and bounced from session low at 1.2306, hit on pre-UK jobs data 70-pips drop, as overall positive data inflated pound.
Earnings rose 4% in July vs 3.7% f/c, showing the biggest pay rise since 2008, while…
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The pair remains stuck between falling 20DMA and 1.10 support, ECB policy meeting eyed for fresh…
Bulls continue to struggle at 1.1049 Fibo barrier (38.2% of 1.1249/1.0925) on Tuesday, with gains being repeatedly capped by falling 20DMA (1.1062).
Near-term action holds in directionless mode for the fourth straight day, with…
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Bulls face strong headwinds from daily cloud; UK jobs data in focus
Cable maintains firm tone and pressures Monday’s six-week high (1.2384) in early European trading on Tuesday.
Lowered risk of no-deal Brexit continues to boost sterling after UK bill that blocks divorce without deal became law.
Cable…
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Turkish lira stands at the back foot ahead of CBRT’s meeting on Thursday
The pair holds in green for the third straight day after last week’s bulls’ stall and subsequent pullback was contained by daily cloud base / 30DMA on Wed/Thu.
Fresh advance comes in mixed technical environment as daily momentum is…
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Steep ascend extends into fifth straight day and cracks important barriers
The Australian dollar hit five-week high on Monday in extension of last week’s steep rally (the pair gained 1.8% for the week).
Bulls were underpinned by hopes of easing tensions in US/China trade conflict and additionally boosted by…
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Fresh bears crack significant supports but without clear break for now
The cross falls to six-week low at 0.8904 on Monday in extension of steep fall from 0.9148 (3 Sep lower top of larger downtrend from 0.9324, 12 Aug high) driven by fresh strength of British pound.
Fresh bears emerged after Friday’s…
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Oil price is underpinned by fundamentals but lacks support from techs
WTI oil maintain positive tone and holds in green for the fourth straight day, supported by fresh optimism on remarks from Saudi Arabia’s new energy minister Prince Abdulaziz, son of Saudi King, who showed strong commitment for further…
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