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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Strong US jobs data would further boost Euro bears
The Euro holds in red for the third straight day and extends weakness through strong Fibo support at 1.1170 (Fibo 61.8% of 1.1111/1.1264 upleg) in early European trading on Friday.
Wednesday’s bearish candle with long upper shadow that was…
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Sterling stands at the back foot ahead of key data
Cable accelerated lower in early hours of European session, remaining at the back foot and attempting to extend post-Fed weakness.
Double upside rejection and Thursday’s close below daily cloud base were bearish signals, with stronger…
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