Cable hit new three-month low and eyes key support at 1.2773
Cable accelerated lower in early European trading on Thursday and hit new three-month low, driven by negative sentiment on rising pressure on PM May to step down.
Decision to hold another parliamentary vote on Brexit (likely in early June)…
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Euro remains in red despite solid EU/German data and US retail sales miss
The Euro stands at the back foot at the beginning of the US session on Wednesday, despite solid EU / German GDP data and disappointing US retail sales.
German GDP rose 0.4% in Apr while EU figures came in line with expectations, but US…
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Brexit concerns and safe-haven buying push the cross further down
The cross extends weakness to new over three-month low on Wednesday, driven by fresh safe-haven buying and UK government’s announcement that it would hold another Parliament vote on Brexit deal, which has been already voted down three…
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Turkish lira is losing ground after limited help from the intervention
Attempts of Turkey’s financial authorities to help weakening lira, showed limited positive reaction for the currency so far.
Last week’s intervention slowed lira’s fall, but subsequent weakness signals that the action would be likely…
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Recovery attempts show signs of stall
The pair eases in early European trading after attempts to extend Tuesday’s recovery were repeatedly capped by falling 5SMA (109.63) which tracks descend in past two weeks.
Japanese yen remains supported by concerns about further…
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WTI price regains traction on rising tensions in the Middle East
WTI oil price jumped to $62 zone, following attack at Saudi oil facilities on Tuesday, the second incident in three days, after Saudi tankers were sabotaged on Sunday.
Rising tensions in the region keep oil price supported, but traders…
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Aussie consolidates above multi-month low as bears eye key Fibo support
The Aussie consolidates above new 4 ½ month low at 0.6940, posted after Monday’s 0.7% fall, on fresh risk aversion, sparked by escalation of US/China trade conflict.
Bears are taking a breather as two sides agreed to keep talking, however,…
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Daily cloud base to cap correction and keep bears in play
The pair bounces on Tuesday after falling to new 2 ½ month low at 109.02 the previous day, as markets recover from initial shock on signals of US/China trade conflict escalation.
Profit-taking boosted recovery that was also signaled by…
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Bulls regained traction and eye ZEW data for fresh signals
The Euro regained traction and probes again through pivotal Fibo barrier at 1.1240 (Fibo 38.2% of 1.1448/1.1111, as bulls so far failed three times to close above here) following strong upside rejection on Monday (rally was capped by…
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Close below 200SMA was bearish signal; UK jobs data in focus
Cable extends weakness to new two-week low at 1.2923 in early European trading on Tuesday, pressured by fading optimism regarding Brexit talks between UK government and the main opposition party.
Extension of steep fall from 3 May high at…
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