Bears are taking a breather above thick daily cloud
The Euro is consolidating above the top if thick daily cloud, which was cracked on today’s attempts to extend Monday’s strong fall (the pair was down 0.65% for the day).
Bears are taking a breather before fresh attempts lower as agreement…
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Sterling extends weakness after downbeat UK data
Cable remains in red on Tuesday and extends weakness after Monday’s fall on downbeat UK Manufacturing PMI (June 48.0 vs 49.2 f/c) and close below three-day congestion that generated bearish signal.
Sterling came under fresh pressure from…
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Bulls stay on hold while 30DMA caps; risk of deeper pullback exists
The pair eases in early European trading on Tuesday after falling 30SMA (currently at 108.44) repeatedly capped advance that was accelerated on Monday on US/China ceasefire agreement.
Bulls lose traction despite Monday’s close above…
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Holding within thick daily cloud keeps larger bulls alive
The Australian dollar bounced from 0.6956 (Monday’s low, posted after the biggest one-day loss since 24 Apr) in early Asian trading on Tuesday.
Monday’s pullback from new recovery high at 0.7034 (capped by daily cloud top / 100DMA) was…
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Aussie pulls back from new two-month high ahead of expected RBA rate cut
The Australian dollar pulls back after rallying in past nine days, as advance was capped by daily cloud top / 100DMA (0.7035) and sentiment changes ahead of RBA rate decision, due early Tuesday.
Majority of economists tip for 0.25% rate…
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Oil price rallies through $60 on improved sentiment
WTI oil probes above psychological $60 barrier for the first time in over five weeks on Monday, boosted by ceasefire between US and China and willingness to continue trade talks and signals that OPEC+ group is likely to extend supply cut…
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Improved sentiment pushes lira higher through important barriers
Turkish lira advanced to nearly one-month high against US dollar, following Monday’s opening with five-figure gap and extension through 100DMA (5.7090).
Fresh optimism on comments from President Erdogan that there will be no sanctions on…
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Fresh bulls lack momentum for break through pivotal barriers
The pair opened with gap-higher on Monday, boosted by US/China deal and developments in talks with North Korea that boosted risk appetite.
Fresh bulls hit two-week high at 108.53, where falling 30SMA capped advance for now.
Improved…
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Reversal pattern is forming on both, daily and weekly chart
The Euro fell 0.3% in Asia / early European trading on Monday, as US/China ceasefire deal boosted dollar.
The single currency holds in red at the first day of week / month and quarter and generates initial negative signals as two-legged…
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Loonie advances after solid data but key supports hold for now
The pair dipped to new multi-month low at 1.3068 (also low of 1 Feb) on Friday, following stronger than expected Canada’s GDP (Apr 0.3% m/m vs 0.1% f/c) which additionally boosted the loonie.
The pair holds in steep descend for the past…
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