Pound ticks higher on news of possible MV3 on Tuesday but is still in directionless mode
Cable spiked to session high at 1.3246 on comments that the third parliament’s vote on Brexit plan could be tomorrow.
Pound remains volatile and very sensitive on any news regarding Brexit, though there is still long way until satisfactory…
Read More...
Read More...
Turkish lira consolidates after suffering heavy losses on Friday, outlook remains negative
The pair holds in red o Monday and reverses some of strong gains from last Friday, when dollar surged over 6%.
Turkish lira fell sharply and hit eight-month low against the dollar, on biggest one-day losses since Aug.
Renewed strong fears…
Read More...
Read More...
Rising concerns about global economic slowdown keep oil price under pressure
WTI oil remains in red on Monday, following bearish close last Friday that completed Doji reversal pattern on daily chart.
Rising concerns of broadening global slowdown that were sparked by news from Germany on Friday that showed extending…
Read More...
Read More...
The downside will remain vulnerable while 30SMA caps recovery
The Aussie dollar bounces from Asian low at 0.7065 and pressures 0.71 barrier (30SMA), propped by renewed risk mode on Monday.
Rising bullish momentum helps recovery, but daily techs are still bearishly aligned, following last week’s…
Read More...
Read More...
Bears take a breather above thickening daily cloud
The pair ticks higher on Monday following last Friday’s 0.9% fall that contained by the top of daily cloud.
Thickening cloud continues to underpin the action today, but recovery attempts were so far capped by broken 55SMA (110.24) now…
Read More...
Read More...
Upbeat Ifo data boost recovery before bears regain control
The Euro moves higher in European trading on Monday, boosted by better than expected German Ifo data (business climate rose to 99.6 in Mar vs 98.7 f/c / Feb) that partially offsets shock from last Friday’s downbeat PMI numbers.
Traders…
Read More...
Read More...
Softer tone and high volatility at the beginning of key week for Brexit
Sterling holds soft tone in early Monday’s trading, at the beginning of key week for Brexit.
Britain’s parliament is going to vote on government’s next steps after PM May’s plan has been repeatedly rejected.
May managed to get short…
Read More...
Read More...
Bulls may correct further after initial failure at psychological $60 barrier
WTI oil stands at the back foot on Friday and eases to $59.30 after bulls ran out of steam and failed to close above cracked $60 barrier in repeated attempt.
Overbought daily studies and bearish divergence on slow stochastic…
Read More...
Read More...
Aussie extends weakness after bulls were strongly rejected
The Aussie dollar remains in red on Friday and cracks significant technical support at 0.7095 (converged 10/20SMA’s, following strong upside rejection on Thursday.
Recovery leg from 0.7003 (08 Mar low) stalled at strong barriers…
Read More...
Read More...
Pivotal supports under renewed pressure; break could spark stronger acceleration
The pair returns to red on Friday and focuses pivotal supports at 110.35/22 (Fibo 23.6% of 104.59/112.13 / 55SMA) after recovery attempts on Thursday were short-lived and stayed below 30SMA (111.06) maintaining bearish bias.
Rising…
Read More...
Read More...