Recovery fails again to clear 55SMA
The Aussie dollar eases to 0.7100 zone following little benefit from renewed risk mode on signs of progress of US/China trade talks, as upside attempts were capped for the third consecutive day at 0.7130 zone and repeatedly failed to…
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Recovery shows signs of fatigue; dovish ECB minutes could increase pressure
The Euro remains constructive in early Thursday’s trading but so far unable clear initial barrier at 1.1246 (falling 10SMA / Fibo 23.6% of 1.1448/1.1183 fall) that keeps risk of recovery stall in play.
Tuesday’s hammer candle is supportive…
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Cable remains bid on rising soft Brexit hopes
Cable remain bid in early Thursday’s trading and pressuring again 1.32 barrier after action in Wednesday failed to break higher.
Britain’s parliament passed a Brexit delay law on Wednesday that will give government an extra time to…
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Brent oil- bulls approach $70 barrier but may consolidate before break
Brent oil approached psychological $70 barrier on Wednesday in extension of rally from $65.93 (28 Mar spike low) that broke through another significant obstacle at $69.70, marked by 200SMA.
Oil prices maintain bullish tone on positive…
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Euro bounces but still holds below pivotal barriers
The Euro bounces from multi-week low at 1.1183 after strong bears stalled just ahead of key supports at 1.1186/76, boosted by strong EU data (Services PMI Mar 53.3 vs 52.7 f/c; Retail Sales Feb 2.8% y/y vs 2.3% f/c; 2.2% prev).
Stronger…
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Aussie rallied on strong data but face again strong headwinds at 55SMA
The Aussie dollar rallied strongly in Asian session on Wednesday, boosted by upbeat data (Australia’s retails sales Feb 0.8% vs 0.3% f/c and trade surplus widened in Feb to 4.80bn A$ from 4.35 bn A$ in Jan).
Better than expected China’s…
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Pound extends recovery on fresh hopes of soft Brexit
Cable extends recovery close to 1.32 barrier on Wednesday, driven by renewed hopes from PM May’s attempts to break Brexit deadlock.
May will meet opposition leader Corbyn today in attempts to reach agreement between two parties that would…
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USDTRY attempts to stabilize after pre / post-election bumpy run
The USDTRY bounces above cracked key supports (daily cloud top / 200SMA) on Tuesday, remaining in volatile post-election mode and still without clear direction.
The pair attempts to stabilize after roller-coaster run in past two…
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Bears extend on rising no-deal Brexit fears
Sterling remains firmly in red ahead of start of the US session on Tuesday and extends weakness closer to psychological / trendline / Fibo supports at 1.30 zone.
Rising fears of no deal Brexit continue to weigh on the pound, after PM May’s…
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WTI hits 5-month high on improved sentiment
WTI oil rose to new nearly five-month high above $62 on Tuesday, in extension of Monday’s 2.7% rally (the second biggest one-day gains in 2019).
Oil prices rallied on stronger than expected Chinese Manufacturing data on Monday that offset…
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