Kiwi may extend sharp fall sparked by surprise dovish shift from RBNZ
The Kiwi dollar attempts to consolidate at 0.6800 zone after overnight’s 1.6% fall, sparked by surprisingly dovish shift from the RBNZ.
The central bank kept its official cash rate unchanged at 1.75% in its today’s monetary policy meeting,…
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Extended directionless mode ahead of MP’s vote on Brexit
Cable remains in directionless mode for the third straight day and awaiting fresh signals from today’s UK parliament meeting.
UK lawmakers are going to wrest control of Brexit and try to break the deadlock and push things…
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Softer risk sentiment after weak US housing data sends Euro lower
The Euro accelerated lower in early US session on Tuesday and pressures key Fibo support at 1.1280 (61.8% of 1.1176/1.1448) as weaker than expected US housing data turned existing risk mode down.
US building permits fell 1.6% in Feb,…
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Oil price regains traction after shallow pullback
WTI oil price rises on Tuesday after shallow pullback from new 2019 high at $60.37 found footstep and managed to close twice above cracked 10SMA (currently at $58.87), keeping broader bulls intact.
Limited pullback was price…
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Aussie extends recovery, fresh risk mode supports advance
The Aussie dollar extends higher on Tuesday after Monday’s recovery managed to close above a cluster of daily MA’s (between 0.7085 and 0.7101) and generated positive signal.
Fresh extension higher cracks pivotal barriers at…
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Bears face strong headwinds from rising daily cloud
The pair bounces on Tuesday after rising and thickening daily cloud contained recent weakness and Monday’s action ended in Doji after Friday’s strong fall.
Recovery pressures initial barrier at 110.26 (55SMA) which capped Monday’s action…
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Extended directionless mode is looking for fresh signals from Brexit
Indecision that was signaled by Doji candle on Monday persists, as cable holds within narrow range in early Tuesday’s trading
Cable is awaiting fresh signals from Brexit, after UK parliament passed an amendment on Monday in…
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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…
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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…
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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…
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