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…
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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…
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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…
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Aussie extends advance, helped by Kiwi’s gains and positive signals from US/China trade talks
The Australian dollar cracked the base of falling and thickening daily cloud (0.6988), in extension of recovery rally from 0.6831 (18 June low) which paused on Tuesday and left long-legged Doji.
Fresh advance was sparked by rally of Kiwi…
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Reversal signal after double-Doji and hammer requires confirmation on close above 107.52 Fibo…
The pair bounces higher in Asia / early Europe on Wednesday, after double-Doji (Fri/Mon) and hammer candle (Tue) signaled that bears are running out of steam and market direction may change.
Reversal of daily RSI and stochastic from…
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Cable extends pullback on comments from Johnson / Fed; BoE Carney’s speech in focus
Cable extends pullback on Wednesday after double rejection at key Fibo barrier at 1.2763 (38.2% of 1.3179/1.2505), probing through lower pivots at 1.2677 (Fibo 38.2% of 1.2505/1.2783 upleg / 30SMA) and 1.2667 (20SMA).
Fresh bears are…
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Bearish engulfing on Tuesday but 200SMA holds pullback for now
The Euro is standing at the back foot in early Wednesday’s trading, following Tuesday’s close in red, which formed bearish outside day.
Four-day rally repeatedly failed at 1.1400 barrier, as massive weekly cloud weighs heavily (cloud base…
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Bears get trapped but recovery attempts lack momentum
The pair bounces on Monday, following several failures to break below thin daily cloud (bears were contained by 200SMA, currently at 14.24) that signal possible reversal after bears were trapped just below daily cloud.
Reversal of daily…
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Gold trades above $1400 level for the first time in six years
Spot gold is holding above $1400 mark on Monday, trading at the levels last visited in nearly six years.
Rising tensions between the US and Iran increased safe-haven demand, with gold price being also strongly supported by signals of Fed…
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Geopolitical tensions continue to underpin oil prices
WTI oil remains in green for the fifth straight day and extends recovery to three-week high on Monday.
Rising tensions between the US and Iran and new sanctions Tehran that Washington is about to announce, keep oil prices supported.…
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