Yen surges as trade crisis deepens
The dollar fell across the board in early US session on Monday as trade crisis between US and China deepens, after China retaliated on US tariff hike on Friday.
China announced its decision to impose tariffs $60 billion worth US goods and…
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Euro advances to new weekly high after weak US CPI
The Euro hits new weekly high following rally after weaker than expected US inflation data pushed dollar lower.
The single currency maintains bullish bias, despite Thursday’s strong upside rejection and is on track for the second…
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Loonie surges on upbeat Canada’s jobs data, US CPI miss
The pair fell sharply and hit the lowest levels since 1 May on Friday, after US inflation fell below expectation and upbeat Canada’s labor data boosted loonie.
US CPI rose 0.3% in Apr, missing 0.4% forecast after inflation rose by 0.4% in…
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Bears are taking a breather as markets await results from trade talks
Bears are taking a breather on Friday following steep fall in past three days that cracked key support at 109.71 (25 Mar low) but s far failing to register close below.
Overextended daily techs and markets awaiting news from US/China…
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Bears show signs of fatigue above 200SMA but no signals of reversal so far
Cable holds within narrow range in European trading on Friday and attempts to stabilize above psychological 1.30 support.
Thursday’s long-legged Doji suggests that strong three-day fall might be running out of steam and profit-taking may…
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Turkish lira hits new multi-month low; outlook remains negative
The USDTRY extends steep bullish acceleration for the fourth straight day and hits new multi-month high at 6.2445 (the highest since 24 Sep 2018) on Thursday.
Lira remains under strong pressure on internal political / economic issues,…
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Yen rose further on US/China trade conflict / North Korea worries
The pair fell on Thursday on fresh fears over North Korea and cracked key supports at 109.71/60 (25 Mar low / weekly cloud base), as risk aversion on US/China dispute further boosts safe-haven yen.
Violation of these supports unmasks key…
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Sterling eases further on pessimism over Brexit talks
Cable accelerated lower in European trading on Thursday and cracked key support at 1.2985 (Fibo 61.8% of 1.2865/1.3179 rally / lows of yesterday/last Fri), as the sentiment sours further on rising pessimism over Tory/Labor Brexit talks.…
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Aussie remains in red and threatens key supports
The Aussie fell to 0.6967 in Asia as comments from President Trump, who said that China broke the deal in trade talks with the US and may face high tariffs if no agreement is reached, further soured risk sentiment.
Strong upside rejection…
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Bears probe again through key 200SMA support
Copper price falls further on Wednesday and probes through key 200SMA support ($2.7741), which held the action of past four days.
The metal trades within larger downtrend from $2.9933 (17 Apr high) which so far retraced 50% of…
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