Extended directionless mode looks for a catalyst
Cable is holding within narrow range on Friday, showing mild reaction on UK data (Q1 GDP came in line with expectations / previous, while trade deficit widened significantly in Q1 but fell below expectations).
The action in past two days…
Read More...
Read More...
Bulls pressure key resistance zone but risk of stall exists
The Australian dollar extends advance above psychological 0.70 barrier on Friday, as bulls remain uninterrupted in expectations of a positive outcome of Trump / Xi meeting in G20 summit.
Bulls approach very strong resistance zone between…
Read More...
Read More...
Euro bounces on solid EU data; G20 summit in focus
The Euro jumped in early European trading on Friday, boosted by solid data from EU member countries.
German import prices showed better than expected results in May, French inflation beat expectations, while Spanish data showed that…
Read More...
Read More...
Near-term directionless mode may extend after repeated rejection at range top
The uptrend from early May’s low at 0.8489 shows initial signs of stall, following repeated rejection at 0.8975 (also 18 June high).
Wednesday’s Doji candle signaled indecision, while today’s action remains in red and supports negative…
Read More...
Read More...
Oil price eases from new high on uncertainty ahead of G20 / OPEC meetings
WTI oil price eases on Thursday and probe below broken 200SMA, following Wednesday’s spike to new one-month high at $59.91and subsequent pullback that signaled bulls might be running out of steam.
Oil price advanced after data showed…
Read More...
Read More...
Bears pressure higher base at 14.13 after break below 200SMA
The pair remains in red on Thursday and extends below 200 SMA (14.23), following Wednesday’s clear break through thin daily cloud and marginal close below 200SMA, after the moving average contained several attacks during past five days.…
Read More...
Read More...
Bulls penetrate daily cloud and eye key barriers at 0.7022/41 zone
The Australian dollar maintains firm tone and penetrates thick daily cloud in early trading on Thursday, after false break on Wednesday.
The pair is holding around new 2 ½ week high at 0.6999 and strongly pressuring psychological 0.70…
Read More...
Read More...
Extended bulls cracked important barriers at 108 zone; Trump/Xi meeting eyed for fresh signals
The pair is holding near one week high at 108.16 in early European trading on Thursday, following overnight’s bullish acceleration on news that US and China have a tentative deal.
Extension of Wednesday’s rally broke above important Fibo…
Read More...
Read More...
Gold eases from 6-year high on profit-taking / stronger dollar
Spot gold eases on Wednesday and is on track for the first daily close in red after six days of uninterrupted rally.
Profit-taking after strong rally (boosted by geopolitical tensions and strong signals from Fed about rate cut that hit new…
Read More...
Read More...
Oil price extend advance through strong 100/200SMA barriers
WTI oil maintains bullish firm bullish tone and extends advance through key barriers at $58.80 (converged 100/200SMA on track to form bull-cross) on Wednesday.
The sentiment was boosted by strong draw in US crude stocks (API report on…
Read More...
Read More...