Windsor News & Research Blog - Forex & CFD Market Analysis

The dollar firmed in early European trading on Friday after holding within narrow range in Asia, sending Euro lower for repeated test of key supports at 1.1280/60 zone (daily cloud top / Fibo 38.2% of 1.1181/1.1412, reinforced by 30DMA and…
Read More...

The USDTRY fell further on Thursday and cracked 200DMA, which marks the upper boundary of key support zone between 5.5893 and 5.5740, consisting of 200DMA and Fibo 61.8% of 5.1595/6.2445 rally. Lira received fresh support from rise in…
Read More...

The Euro is holding just above daily cloud top which contains downside attempts for the third consecutive day, but upside remains limited. Repeated Dojis with long upper shadows in past two days signal indecision but also strong recovery…
Read More...

The pair holds in sideways mode for the fourth straight day, congested between psychological 14.00 level and 200DMA (14.22). Larger bears show signs of stall on approach to round-figure support, but anticipated bounce on profit-taking so…
Read More...

The pair remains in red for the second straight day and extends weakness from 108.50 zone (double upside failure where the action was capped by falling 30SMA). Fresh bears cracked pivotal support at 107.65 (50% retracement of 106.78/108.53…
Read More...

WTI oil price stabilizes above $56 handle which was reached after Tuesday’s nearly 5% fall, sparked by fresh selling after oil price lost traction and failed to clearly break psychological $60 barrier. OPEC’s decision to extend production…
Read More...

The Australian dollar jumped above 0.70 barrier in mid-European trading on Wednesday, after quiet trading in Asia / early Europe. The pair extends recovery from the previous day, as Monday’s strong fall and Tuesday’s action were repeatedly…
Read More...

Turkish lira rose to three-month high at 5.6065 against US dollar on Wednesday on better than expected Turkey’s inflation data. Inflation in June fell to the lowest in one year (15.72% y/y compared to 15.39 in June 2018) from 18.71…
Read More...

Tuesday’s speech of BoE Governor Carney further soured the sentiment, keeping the pair in red for the third day. Carney pointed at negative impact on growth, driven by trade conflict, lower than expected inflation and political uncertainty…
Read More...

The pair is consolidating above psychological 14.00 support, from where four-day fall faced headwinds. Break below higher base at 14.13 was bullish signal, reinforced by optimism over global trade salutation and signals of Fed rate cut…
Read More...