Monday’s gap remains unfilled and keep n/t focus shifted lower
The pair stands at the back foot but still directionless after Monday’s action faced strong rejections on both sides.
Monday’s gap remains unfilled, keeping near-term bias with bears, as negative signals were boosted by close below…
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Extended consolidation within daily cloud awaits fresh Brexit news
Cable holds in choppy and directionless mode within daily cloud following Monday’s pullback from new one-month high and close in red.
Huge bullish daily candle from last Friday when pound surged on renewed hopes for Brexit deal, continues…
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Aussie rallied after RBA stayed pat but overall picture is bearish
The Aussie surged 0.7% in Asia on Tuesday after RBA left interest rates unchanged at record low but left the door opened for easing, as inflation in Q1 remained weak and retailers showed the worst results in seven years, despite Mar figure…
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Turkish lira hit new 2019 low on expectations for Istanbul vote rule
The USDTRY advanced through psychological 6 barrier on fresh bullish acceleration on Monday and hit new 2019 high at 6.0393 on Monday.
Fresh lira’s weakness was boosted by political turmoil, as governing AK party requested re-run of…
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Aussie hit new low as sentiment soured after renewed US/China trade friction
The Aussie dollar holds within choppy range above new two-month low at 0.6962, after strong gap-lower opening today, as Aussie was hurt by souring sentiment in US/China trade talks.
Fresh bears found footstep above key Fibo support at…
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Near-term action remains constructive but holds below pivotal barrier
The Euro edged higher and maintains slight positive tone despite overnight’s opening with gap-lower after dollar was bought as safe-haven in reaction the most recent comments from President Trump about trade conflict with China.
Near-term…
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Bulls consolidate under new one-month high/ daily cloud base is key support
Cable pulls back from new one-month high at 1.3179 (posted after 1.17% rally on Friday) as traders booked profits and dollar strengthens fresh on safe-haven demand.
Consolidation holds within daily cloud for now (rising 55SMA offered…
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Fresh safe-haven demand sent yen to five-week high vs dollar
The Japanese yen was among top gainers in Asian session on Monday, as comments of President Trump over the weekend raised concerns about escalation of US/China trade conflict and prompted investors into safe-haven assets.
Thinner market…
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Dollar eases as weak AHE offset positive impact from upbeat US jobs data
The pair dipped to session low at 111.18 after US jobs data, as initial positive sentiment on upbeat NFP (Apr 263K vs 181K f/c) and unemployment falling to 50-year low (Apr 3.6% vs 3.8% f/c) was soured by disappointing Average Hourly…
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Bears face strong headwinds from 200SMA support
WTI oil consolidates after strong fall on Thursday (3.2%) as bears stalled on approach to 200SMA ($60.71) and subsequent bounce resulted in close above cracked Fibo support at $61.40 (61.8% of $58.20/$66.58 upleg).
Oil price came under…
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