Bulls are taking a breather and awaiting fresh signals from FOMC minutes
Bulls are taking a breather under new two-week high at 110.67, posted after Tuesday’s strong rally, which generated strong bullish signal on break and close above important Fibo barrier at 110.31.
The dollar benefited from risk mode…
Read More...
Read More...
Fresh bullish signal on break above 200SMA
The cross broke through key barriers at 0.8790/92 (200SMA / 50% retracement of Jan/Mar 0.9113/0.8471 fall) on Tuesday, holding in green for almost two weeks and extending steep rally from 0.8489 (6 May low).
Close above 200SMA would add to…
Read More...
Read More...
Sterling continues to travel south after PM May’s improved Brexit plan failed to attract
Pound stays in red in early Wednesday’s trading and hits new lowest levels since early Jan, following Tuesday’s short-lived recovery attempts above 1.2800 mark.
The sentiment remains negative after PM May’s enhanced plan failed to attract…
Read More...
Read More...
Fresh risk mode pushes dollar through key Fibo barrier
The pair accelerated higher in during mid-European trading to hit new 2-week high in early US session on Tuesday.
Firm break above key Fibo barrier at 110.31 (38.2% of 112.40/109.02 descend) signaled bullish continuation as fresh rally…
Read More...
Read More...
Pound is awaiting PM May’s speech for fresh signals
Pound jumped to session high at 1.2745 on the latest news that PM May will make a speech today (15:00GMT) and present the details of Brexit legislation before parliament vote in June.
May is expected to present her Brexit plan that was…
Read More...
Read More...
Turkish lira stabilizes on CBRT’s easing; all eyes on Q1 GDP
The Turkish lira stabilizes within narrow range between rising 20SMA and south turning 10SMA, with threats of fresh weakness following post-intervention rally, fading.
The CBRT’s decision to undo tightening and lower interest rates by 150…
Read More...
Read More...
Near-term action is in neutral mode and looks for fresh direction signals
US CRUDE OIL
WTI oil holds within tight range on Tuesday after the third consecutive failure to make sustained break above cracked $63.30 pivot (50% retracement of $66.58/$60.03 / 30SMA).
Key factors that influence oil prices, US/Iran…
Read More...
Read More...
Bulls show strong indecision at key Fibo barrier
Bulls attempt to regain traction after Monday’s recovery stalled at key Fibo barrier at 110.31 (38.2% of 112.40/109.02) and daily action ended in long-legged Doji, signaling strong indecision.
The dollar moved higher in early Tuesday’s…
Read More...
Read More...
Pound extends weakness below 1.2700 handle
Cable accelerated lower on Tuesday after bears took a breather for narrow consolidation on Monday.
Fresh weakness probes below 1.2700 round-figure support and eyes target at 1.2668 (15 Jan spike low), driven by persisting fears of no-deal…
Read More...
Read More...
Dovish RBA pushes Aussie towards new multi-month low
The Australian dollar fell back towards last Friday’s new 4 ½ month low on Tuesday, following dovish stance from RBA.
Central bank’s Governor Lowe pointed to rate cut on next month’s meeting that would boost hiring to lower unemployment…
Read More...
Read More...