Cable is holding near 31-mth low and awaiting BoE for fresh signals
Cable is holding near new 31- month low at 1.2100, posted earlier today and awaiting news from BoE’s policy meeting today.
Recovery attempt on Thursday stalled at 1.2249 and pound fell quickly after Fed cut rates in expected action but…
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Extension of post-Fed fall pressures psychological 1.10 support
The Euro fell to the lowest levels in over two years against dollar in early Thursday’s trading, in extension of strong post-Fed fall on Wednesday, when the pair was down 0.72%.
The single currency was hit by hawkish stance from the Fed,…
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WTI oil rises for the fourth straight day, boosted by strong draw in US crude stocks
WTI oil price rose above important technical barrier at $58.62 (Fibo 61.8% of $60.96/$54.84 / daily cloud top) on Wednesday, extending advance for the fourth straight day.
Oil price accelerated higher in late Tuesday, boosted by API crude…
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Bears could extend significantly after break of key 200DMA support
Eventual break and close below key supports at 5.5740 (Fibo 61.8% of 5.1595/6.2445 ascend) and 5.5649 (200DMA) generated strong bearish signal for deeper decline, in extension of downtrend from 6.2445 (2019 high).
Bears eye psychological…
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Extended consolidation above new 2019 low awaiting Fed for fresh signals
The Euro showed mild reaction on a batch of data from the EU today, as upbeat German retail sales and slightly better than expected jobs data were offset by French and Spanish GDP, which came in line and slightly below expectations, while…
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Aussie bounces on better than expected inflation data; Fed in focus
The Australian dollar bounced from new six-week low (0.6862) on Wednesday, boosted by better than expected inflation data.
Australia’s annualized CPI rose 1.6% in Q2 from 1.3% in Q1 and beating forecast at 1.5%, while monthly rise was 0.6%…
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EURGBP hit new 23-month high on rising fears of disorderly Brexit
The cross rose to new multi-month high at 0.9189 on Tuesday, in extension of Monday’s strong bullish acceleration (the pair was up nearly 1.5% for the day on the biggest daily advance since 15 Nov 2018) fueled by rising fears of disorderly…
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Bullish n/t outlook above 14.12 Fibo support
Bulls are regaining traction and return above 200DMA (14.18) after two-day pullback (following double-rejection at 100DMA at 14.30), found footstep at 14.13 (just above Fibo 38.2% of 13.81/14.31 upleg).
Signals from daily techs are still…
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Post-CBRT bears extend and crack key 200DMA support
The USDTRY holds in red for the fourth straight day and cracked key support at 5.5658 (200DMA) today.
Lira advanced strongly after Turkey’s central bank surprised markets by 4.25% rate cut last week against expectations for 2.5% cut.…
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Bulls face strong headwinds at key resistance zone
The pair eases on Tuesday, following re-peated rejection under key barriers at 108.92/99 (Fibo 38.2% of 112.40/106.78 / 10 July high), weighed by losses of GBPJPY which leads JPY gamma.
Bulls face difficulties to progress within thick…
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