Directionless mode can extend until FOMC meeting
Fresh easing of the US dollar in early US trading on Monday, obstructs again attempts to eventually break above multi-day congestion.
Fresh bulls from last Friday’s rally, which generated positive signal on bullish outside day, are still…
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Near-term risk shifts lower as 10SMA continues to cap
WTI oil price was a tad lower in Europe on Monday after advancing last Thu/Fri on rising tensions in the Middle East after two tankers were attacked in Gulf.
Overall structure remains bearish as fears of lower global demand on persisting…
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Bears are taking a breather before probe through key 1.2559 support
Cable is holding in narrow consolidation above 31 May low at 1.2559 on Monday, following strong bearish acceleration on Friday, sparked by solid US data.
Consolidation may extend on oversold conditions, but overall picture remains negative…
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Corrective upticks are expected to precede final push through key supports at 1.12 zone
The Euro is holding near two-week lows and pressuring key supports at 1.1200 zone in early Europe on Monday, following strong fall on Friday after upbeat US data inflated dollar.
Friday’s break below converged 55/20/30SMA’s and marginal…
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Euro falls further after strong US retail sales
The Euro accelerated lower after Strong US retail sales (May 0.5% vs Apr 0.3%, revised upward from -0.2%) inflated dollar and reduced greatly probability of rate cut on FOMC policy meeting next week.
Fresh weakness surged through Fibo…
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Aussie remains firmly in red on fears of another RBA rate cut
The Australian dollar extends steep five-day fall and probes below 0.6900 handle on Friday, pressured by fears of another RBA rate cut next month.
Weaker than expected Chinese IP added to negative outlook, as markets await for release of…
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Negative bias after bull-trap
The pair holds in red in European trading on Friday and maintaining negative near-term bias after Mon/Tue bull-trap.
Rising bearish momentum and daily MA’s in negative setup, support scenario as fresh weakness repeatedly probed below…
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Bears may extend to 1.12 zone on firm break below daily cloud top/100SMA
The Euro is consolidating around key supports on Friday, after two-day fall closed marginally below daily cloud top (1.1279) and found footstep at 100SMA (1.1270).
Fresh bears emerged after double upside rejection just under 200SMA (the…
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Cable holds near week’s lows as Brexit concerns continue to weigh
Cable stands at the back foot on Friday, holding in red for the third consecutive day, weighed by rising expectations that Boris Johnson will be UK’s next Prime Minister.
Johnson supports the idea that Britain needs to leave the EU on 31…
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Spot gold surges to new 2019 highs
Spot gold accelerated higher in early European trading on Friday and eventually broke above former 2019 high at $1346 (20Feb) to hit the highest levels in fourteen months.
The yellow metal extends strong rally into third straight day,…
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