Lira advances after opposition victory in Istanbul
The pair opened with gap-lower on Monday and extended weakness to the lowest level in 1 ½ month in early European session trading.
The dollar continues to weaken on Fed’s signal of interest rate cut, while lira was boosted by renewed…
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Corrective bounce likely to precede fresh weakness
The pair rebounds from new multi-month low at 107.04 on Friday as traders take profits from post-Fed two-day 1.1% fall.
Oversold daily studies support the action which eyes barriers at 107.81/98 (former low of 5 June / falling 5SMA),…
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Bulls might be running out of steam
The Australian dollar pulls back in European trading on Friday after repeated failure to clearly break above daily Kijun-sen / 50% retracement of 0.7022/0.6831 (0.6927) as Thursday’s action closed below despite spike to 0.6935.
Today’s…
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Bullish outlook above daily cloud
The Euro probed again above 1.1300 barrier, boosted by better than expected French / German PMI data which showed that EU business growth picked up in June.
The single currency remains firm despite signals from the ECB about further policy…
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Bulls on hold after three-day rally; pullback may precede fresh advance
Cable maintains firm tone in early Friday’s trading despite upside rejection just under Thursday’s high (1.2727) overnight.
Near -term price action is holding between 1.2727 high and post-BoE low at 1.2671, supported by comments from BoE…
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Oil price hits three-week high on fresh geopolitical tensions
WTI oil rallied over 3.5% on Thursday, boosted by newest tensions in the Middle East after Iran shot down US military drone.
The latest case adds to heated situation after two tankers were attacked near-the straight of Hormuz.
Oil prices…
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Bulls are consolidating under more than five-year high
Spot gold is holding within narrow consolidation under new high at $1393 (the highest in more than five years) in early hours of US session on Thursday, following strong bullish acceleration in late Wed / early Thu trading.
Gold price…
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Dovish Fed and positive expectations from BOE keep strong bullish tone
Cable is holding near one-week high at 1.2725, posted on strong post-Fed bullish acceleration, as weak UK retail sales data (May m/m -0.5% vs -0.1% prev / y/y 2.3% vs 5.1% prev) had mild impact on bulls.
Dovish Fed axed the greenback,…
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Strong bullish signal on break above major resistances
The Euro cracked psychological 1.1300 barrier in extension of strong post-Fed rally on Thursday, which broke through key barriers at 1.1279/84 (daily cloud top / broken bear-trendline / Fibo 61.8% of 1.1347/1.1181 fall).
Euro’s sentiment…
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Breach of key supports after dovish Fed may spark further weakness
The pair hit new low at 107.46 (the lowest since 3 Jan) in early European trading on Thursday, in extension of late Wednesday’s post-Fed bearish acceleration.
The US central bank left interest rates unchanged, as widely expected, but…
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