Recovery stays capped under pivotal barriers ahead of key events
The Euro holds within narrow range ahead of today’s key events, ECB, Fed minutes and Brexit decisions, which are expected to give fresh direction signals.
The European Central Bank policy meeting might be a non-event as the policy remains…
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Slight positive tone ahead EU summit, UK data
Cable regained traction and moves higher in early European trading on Wednesday after Tuesday’s strong upside rejection at daily cloud top and daily action ending in Doji candle with long upper shadow.
All eyes are on today’s EU summit on…
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USDJPY cracks strong support on fresh weakness driven by trade fears
Fresh trade fears pushed the dollar lower to crack pivotal supports at 111 zone in early US session trading on Tuesday, following the latest threats of US President Trump on imposing tariffs on imports from the EU, just a day after US…
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WTI hits new multi-month high as violence in Libya further boosts
WTI oil extends advance to new five-month high at $64.77 on Tuesday, additionally boosted by threats for further supply tightening on rising violence in Libya.
Monday’s close above 55WMA ($62.82) was bullish signal, with today’s extension…
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Extended bulls pressure key barriers
The Aussie dollar extends advance on Tuesday, driven by weaker US dollar on fresh risk sentiment also supported by stronger that expected Australian data, released overnight.
Monday’s eventual close above 55SMA (0.7117) which limited the…
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Massive daily cloud continue to underpin and limited correction to precede fresh upside
The pair extends pullback from 111.82 high on Tuesday, following bearish signal from Monday’s marginal close below 200SMA and formation of reversal pattern on daily chart.
Repeated close below 200SMA is needed to confirm near-term…
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Bulls pressure key barriers but risk of recovery stall exists
The Euro stood at the front foot in Asia on Tuesday, maintaining positive tone following Monday’s 0.4% advance that eventually broke and closed above significant barrier at 1.1246 (Fibo 23.6% of 1.1448/1.1183 fall).
Fresh bulls pressure…
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The length of Brexit delay will be the main question for EU summit
Cable remains constructive and extended recovery in early Tuesday’s trading, but bulls were so far capped by 55SMA (1.3094), which guards more significant daily cloud top (1.3110) and Fibo 38.2% of 1.3381/1.2977 (1.3131).
Technical studies…
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Turkish lira falls further in post-election turmoil; jobs data in focus
The USDTRY rallied on Monday too new two-week high, signaling eventual break above strong Fibo barrier at 5.6354 (61.8% of 5.8410/5.3026), below which the action was congested for over one week, unable to clearly break higher,…
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WTI – bulls hit new 2019 high and pressure key technical barriers
WTI oil price hit new 2019 high at $63.51 on Monday (also highest since early Nov 2018), in extension of last Friday’s strong bullish acceleration and previous week’s 5.2% rally.
OPEC+ group’s production cut and US sanctions against Iran…
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