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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Oil price stands at the front foot as Middle East escalation so far offsets negative impact from…
WTI oil advanced over 2% on Monday, supported by rising tensions as two Saudi tankers were attacked on Sunday.
The oil price maintains strong bullish near-term stance, despite the latest news on deepening crisis between the US and China,…
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Gold advances on fresh risk aversion on trade conflict escalation
Spot gold accelerated higher on news that China retaliated to US tariffs that heated the trade conflict, with threats of further escalation of crisis.
Bad news prompted investors into safe-haven assets and gold price rallied through…
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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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