Fresh advance struggles at falling 10SMA
The dollar regained traction on positive news about US/Mexico trade conflict and opened with gap-higher on Monday, recovering all losses from last Friday, caused by disappointing US labor data.
Fresh advance probes above the top of…
Read More...
Read More...
Pound eases after downbeat UK data and eyes key 10SMA support
Cable accelerated lower after weaker than expected UK data, extending pullback from Friday’s post-US jobs data rally high at 1.2762.
Disappointing data (GDP -0.4% vs -0.1% f/c; IP Apr -2.7% vs -0.7% f/c; MP Apr -3.9% vs -1.1% f/c) add to…
Read More...
Read More...
Bulls are re-positioning for fresh upside; daily cloud top marks key support
The Euro stands at the back foot in early Monday’s trading and probes below 1.13 handle, on easing from new 2 ½ month high at 1.1347.
Traders took profit from strong Thu/Fri 1% rally, as weak US jobs data on Friday sent dollar lower and…
Read More...
Read More...
Surge above 0.70 barrier signal continuation of recovery from 0.6864 base
The Australian dollar rallied to one-month high on Friday, propped by downbeat US jobs data that sent the greenback lower across the board.
The pair eventually broke above key barriers at 0.6990/94 (double-Fibo) and psychological 0.70…
Read More...
Read More...
Key support under strong pressure after post-NFP fall
The pair dipped to sub-108 zone and pressured key support at 107.81 (5 May low, the lowest since early Jan) as disappointing US NFP data, with big downward revision of Apr figure and weak average hourly earnings, added to expectations for…
Read More...
Read More...
Downbeat US jobs data send Euro through key barriers
The Euro jumped to 2 ½ month high at 1.1326 on Friday after disappointing US jobs data that further depressed the dollar.
US NFP showed only 75K new jobs in May (the lowest since Feb) expectations for 185K and downward-revised April’s…
Read More...
Read More...
Weak US jobs data soured dollar’s sentiment and increased risk of Fed rate cut
The US dollar fell sharply across the board on disappointing US jobs data on Friday.
Non-farm payrolls showed only 75K new jobs in May (the lowest since Feb) vs promising 185K consensus and downward-revised April’s figure at 224K.
The…
Read More...
Read More...
Initial signs of reversal but the downside to remain vulnerable while 10SMA caps
WTI oil priced rose to new-week high on Friday, in extension of strong rally previous day, sparked by report that US tariffs on Mexico might be delayed.
Additional support to oil price came on Friday from comments of Saudi oil minister,…
Read More...
Read More...
Pound remains bid but lacks direction; US jobs data eyed for fresh signals
Cable remains constructive in early Friday’s trading, modestly supported by surprise results of election in eastern England and better than expected UK May housing data, released this morning
Fresh upside attempts remain for now capped by…
Read More...
Read More...
Near-term action remains within thick daily cloud and eyes US jobs data for fresh signals
The Euro is holding in a quiet mode in early Friday’s trading and awaiting US jobs data due later today, for fresh signals.
Trading in US session on Thursday was highly volatile after ECB, as the pair moved within 100-pips range after…
Read More...
Read More...