Aussie falls on dovish tone from RBA
The Aussie dollar fell sharply on Tuesday and tested the levels that mark the floor of two-week congestion (0.7064), after Reserve Bank of Australia published its statement following policy meeting.
The central bank left interest rate…
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Final push through key 1.1186/76 support might be delayed by oversold studies
The Euro holds in red for the sixth straight day on Tuesday and focusing key support at 1.1186/76 (Fibo 61.8% of 2017/2018 1.0340/1.2553 ascend/ 2019 low posted on 7 Mar).
Strong bearish signals were generated on multiple close below…
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Sterling weakens on renewed fears of no-Brexit; key supports intact for now
Cable turned to red on Tuesday and fell to 1.3023 low in early European trading, reversing the most of Monday’s recovery that peaked at 1.3149 and was capped by falling 10SMA.
Pound remains highly volatile and sensitive on frequent and…
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Turkish lira was boosted by election results, but key obstacles still hold
The Turkish lira holds firmer tone on Monday, following results of local elections which showed that President Erdogan’s ruling party lost control of the capital and showed much weaker results in other big cities.
The USDTRY pair…
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WTI hits new 2019 high, supported by supply concerns
WTI oil price advances further on Monday and on track to mark eventual break above two-week congestion, after last Friday’s spike to $60.71 proved to be false break.
Tighter oil market on OPEC+ production cut and sanctions on…
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Aussie stands at the front foot on fresh risk mode ahead of RBA
The Aussie dollar extends recovery above 0.71 handle on Monday, boosted by renewed risk appetite.
Recovery emerged from solid Fibo support at 0.7066 on Friday, where two-day fall bottomed.
Overall tone is still neutral as the price action…
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Limited correction ahead of final push towards 1.1176 target
Deeply oversold stochastic signals adjustment after last week’s strong fall, but overall structure remains negative.
Strengthening bearish momentum and double close below pivotal Fibo support at 1.1240 (76.4% of 1.1176/1.1448) add to…
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Bears consolidate above key supports
Cable bounces in early Monday’s trading after strong fall in past three days were contained by 200SMA / bull-channel support line and stalled just ahead thick rising daily cloud top.
Friday’s long-legged Doji signaled indecision ahead of…
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Sterling cracked key supports after UK lawmakers rejected Brexit plan again
Cable collapsed below 1.30 on Friday and cracked key supports (200SMA / bull-channel support trendline and also pressured the top of thick daily cloud) after UK parliament rejected PM May’s deal for the third time.
Lawmakers voted 344…
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WTI contract hits new 2019 high but risk of extended sideways mode exists
WTI oil price regained traction and hit new 2019 high at $60.71 on Friday, following short-lived dip to $58.20 on Thursday, pressured by repeated comment from the US President Trump about too high oil prices.
Market resisted the attack…
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