Aussie cracks key barriers in bullish extension after RBA rate cut
The Australian dollar hit new three-week high in early Tuesday’s trading, in extension of strong rally in past two days, after The Reserve Bank of Australia cut interest rates by 25 basis points to record low at 1.25%.
The central bank cut…
Read More...
Read More...
Completion of reversal pattern opens way for test of key barriers at 1.1215/20
The Euro extends recovery on Monday, as strong Friday’s rebound (which resulted in close above 10SMA) completed Doji reversal pattern on daily chart.
Fresh extension higher broke above significant barriers at 1.1177 (Fibo 61.8% of…
Read More...
Read More...
Limited consolidation under key 1.2747 barrier likely to precede fresh weakness
Cable ticked higher in early Monday’s trading, following strong downside rejection and bullish close on Friday.
Weaker dollar offers temporary support to sterling, with idea of stronger recovery being supported by formation of bullish…
Read More...
Read More...
Bears consolidate after sharp fall and look for clear break of cracked key 200WMA
WTI contract remains in red on Monday, following sharp, nearly 10% fall on Thu/Fri and spiked to ne low at $52.10 in early Asian trading.
Mild recovery was seen during late Asian / early European trading, as bears showed hesitation after…
Read More...
Read More...
Yen on track for further rise on risk aversion; price adjustment may precede
The Japanese yen continues to shine on Monday and ticked to new multi-month high against US dollar at 108.07 (the lowest since 14 Jan), supported by fresh safe-haven demand, after signals of trade war spreading to countries beyond China.…
Read More...
Read More...
Copper is on track for the biggest monthly fall since Jan 2015
Copper remains heavy on Friday and hits lowest levels since mid-January, pressured by rising concerns about spreading and escalation of trade war which threats to reduce global demand for the metal.
Fresh extension lower pressures key…
Read More...
Read More...
Fresh rally on risk aversion pressures key barriers at $1303/06
Spot gold rose close to psychological $1300 barrier on Friday, in extension of strong rally of the previous day and marked nearly 0.8% advance since Asian opening on Friday.
Unexpected US tariffs on goods imported from Mexico boosted…
Read More...
Read More...
Fresh bearish acceleration on tariffs results in 1% fall; the cross is on track for the biggest…
The GBPJPY cross fell nearly 1% in Asian / European trading on Friday, extending steep downtrend from 3 May high at 146.50.
Fresh bearish acceleration was sparked by announcement on US tariffs on imports from Mexico that triggered strong…
Read More...
Read More...
Oil price continues to spiral on fresh threats of trade war spread / record US output
WTI extends weakness on Friday and hit lowest levels since early March, following Thursday’s strong fall when WTI contract was down 4.5%.
Fresh bearish acceleration clearly broke below rising daily cloud base (after several strong spikes…
Read More...
Read More...
Yen hits new multi-month high on fresh safe-haven demand
The pair dipped below 109 handle in early Friday’s trading, for the first time since late Jan.
Escalation of trade war on the latest decision of US administration to impose tariffs on all goods from Mexico, sparked fresh safe-haven demand…
Read More...
Read More...