WTI oil bounces strongly on profit-taking; solid China’s data
WTI oil changes direction on Wednesday and bounces after three-day fall that hit 3 ½ week low at $52.82 on Tuesday.
The oil price advanced 2.8% in Asia / Europe on Wednesday, as sentiment improved on data released overnight that showed…
Read More...
Read More...
Strong rebound extends into second day and eyes key barriers
The Australian dollar extends strong recovery, which was sparked by unchanged RBA on Tuesday and approaches round-figure barrier at 0.6800 (also 21 Aug high) in European trading on Wednesday.
Australian Q2 GDP data were released on…
Read More...
Read More...
Solid data boost recovery to attack pivotal Fibo barrier
Fresh recovery acceleration cracked psychological 1.10 barrier and pressures pivotal Fibo barrier at 1.1016 (38.2% of 1.1163/1.0925), break of which would generate bullish signal and to positive tone that is developing on formation of…
Read More...
Read More...
Initial signs of reversal need confirmation on break above key barriers
Sterling rallied 0.5% in Asia / early Europe on Wednesday, in extension of Tuesday’s rebound from sub-1.20 levels, driven by fresh Brexit optimism.
UK parliament’s vote on Tuesday opened way for another Brexit delay, with rising opposition…
Read More...
Read More...
Sterling rebounds after brief probe below 1.20 as traders await parliament’s action
Sterling bounced to the levels near 1.21 barrier, making a probe below psychological 1.20 support (the pair dipped to 1.1958) short-lived for now and signaling that that 1.20 obstacle will not be taken out on first attempt.
Strong rebound…
Read More...
Read More...
Oil price collapses on rising fears of trade war impact and increased output
WTI oil fell sharply on Tuesday (the contract was down 3.5% until early US trading), as rising fears over negative impact of trade war and higher OPEC production, increase pressure on oil price.
The oil holds firmly in red for the third…
Read More...
Read More...
Lira advances after bigger than expected inflation drop
The Turkish lira firmed on Tuesday as inflation drops (Aug CPI 15.01% vs 15.51% f/c, 16.65% July).
The USDTRY pair fell to the lowest in 1 ½ week, following multiple upside rejections under the top of falling daily cloud.
Fresh easing…
Read More...
Read More...
Aussie rises after unchanged RBA; mixed data
The Australian dollar advances on Tuesday after RBA left interest rates unchanged in expected action, with fresh upside being underpinned by upbeat current account data (Q2 surplus A$5.9B vs A$1.4B f/c and Q1 deficit of A$1.1B) that offset…
Read More...
Read More...
Bears extend into seventh straight day but consolidation may precede extension towards target at…
The Euro hits new lowest levels since mid-May 2017 in early European trading on Tuesday, holding in red for the seventh straight day.
Bears received fresh boost on break of psychological 1.10 support, with the single currency being also…
Read More...
Read More...
The pound falls to three-year lows ahead of Brexit battle in UK parliament
Cable broke below psychological 1.20 support in early European trading on Tuesday, as persisting Brexit turmoil maintains negative sentiment and keeps pound under strong pressure.
The pair hit new lowest level since early Oct 2016 and…
Read More...
Read More...