Copper is on track for the biggest monthly fall since Jan 2015
Copper remains heavy on Friday and hits lowest levels since mid-January, pressured by rising concerns about spreading and escalation of trade war which threats to reduce global demand for the metal.
Fresh extension lower pressures key…
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Fresh rally on risk aversion pressures key barriers at $1303/06
Spot gold rose close to psychological $1300 barrier on Friday, in extension of strong rally of the previous day and marked nearly 0.8% advance since Asian opening on Friday.
Unexpected US tariffs on goods imported from Mexico boosted…
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Fresh bearish acceleration on tariffs results in 1% fall; the cross is on track for the biggest…
The GBPJPY cross fell nearly 1% in Asian / European trading on Friday, extending steep downtrend from 3 May high at 146.50.
Fresh bearish acceleration was sparked by announcement on US tariffs on imports from Mexico that triggered strong…
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Oil price continues to spiral on fresh threats of trade war spread / record US output
WTI extends weakness on Friday and hit lowest levels since early March, following Thursday’s strong fall when WTI contract was down 4.5%.
Fresh bearish acceleration clearly broke below rising daily cloud base (after several strong spikes…
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Yen hits new multi-month high on fresh safe-haven demand
The pair dipped below 109 handle in early Friday’s trading, for the first time since late Jan.
Escalation of trade war on the latest decision of US administration to impose tariffs on all goods from Mexico, sparked fresh safe-haven demand…
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Sideways mode between two Fibo points extends
The Australian dollar regained traction and bounced from near-term base at 0.6913, after weaker than expected Australian housing data had no negative impact.
Near-term price action remains congested for the fourth straight day, limited…
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Limited recovery attempts lack clearer direction signal
The pair ticks higher in early Thursday’s trading and probes above the ceiling of four-day congestion, after downside attempts were repeatedly rejected.
Fresh attempts higher cracked 10SMA barrier (109.80) but so far unable to break…
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2019 low is under pressure but extended consolidation may precede final attack
Bears are taking a breather and consolidating within narrow range in early Thursday’s trading, following three-day fall after upside rejection at 1.1215 and failure to close above falling 30SMA.
Bearish momentum continues to strengthen on…
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Key support is under strong pressure but bears may consolidate before break
Cable held within tight range in Asia on Thursday, consolidating after three-day fall and ahead of final attack at key 1.2605 support (23 May low).
Overall sentiment remains bearish on rising fears of no-deal Brexit, as probability for…
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Bears accelerate on fresh threats of escalation of trade war
Copper price slumped on Wednesday (down 1.43% since Asian opening and ahead of US session).
The metal extends weakness into second straight day on threats of escalation of US/China trade conflict that would hurt economic growth and reduced…
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