Bears took control after ultra-dovish Fed
The pair extended weakness to new five-week low at 110.29 on Thursday following strong fall previous day, sparked by Fed surprise on more dovish than expected stance which signaled no rate hikes in 2019 and lowered GDP forecast.
The…
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Euro corrects lower after strong post-Fed rally; 200SMA target remains in focus
The Euro eases from six-week high at 1.1448, posted after strong bullish acceleration on Wednesday.
The pair advanced 0.66% on Wednesday (the biggest one-day rally since 25 Jan) after Fed surprised markets with its ultra-dovish stance and…
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Brexit uncertainty weighs and offsets positive impact from Fed / UK data
Cable accelerated lower in early European trading on Thursday, maintaining negative near-term tone and pressuring previous day’s spike low at 1.3146.
Brexit uncertainty continues to weigh and offset positive impact from…
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Sterling falls to one-week low, but May’s request for delay could slow bears
Cable fell to one-week low at 1.3146 on Wednesday, as renewed risk of no-deal Brexit keeps the currency under pressure.
Several scenarios remain on the table and keep high uncertainty in Brexit drama, as PM May asked the EU for three-month…
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WTI Oil price eases on economic worries / overbought techs
WTI oil price fell on Wednesday after cracking pivotal Fibo barrier at $59.62 (50% retracement of $76.88/$42.36 fall) but bulls failed to close above.
Fresh concerns about global economic growth that came after dissonant tones about…
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Aussie bulls struggle at 0.71 zone resistances; Fed eyed for fresh signals
The Aussie pressures 0.7100 resistance zone (30SMA / daily Kijun-sen) following fresh bullish acceleration in Asian / European trading, driven by improved risk sentiment.
Rising momentum helps but mixed setup of daily MA’s and…
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Bulls look for adjustment before resuming; Fed is in focus today
The Euro holds in red on Wednesday’s morning, weighed by overbought conditions and lack of momentum and stronger dollar on increased safe-haven demand, following reports on fresh tensions in US/China trade talks. after extension of broader…
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Sterling eases on Fresh Brexit news but remains constructive above converged 10/20SMA’s
Cable moved lower in early European trading on Wednesday, hitting session low at 1.3225 and pressuring initial pivot at 1.3220 (Fibo 38.2% of 1.2960/1.3381 upleg), following narrow-range action in Asia.
Fresh comments about…
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Sterling comes under pressure on revived fears of no-deal Brexit
Cable fell to intraday low in early US trading on Tuesday, following another failure at 1.33 barrier (spike to session high at 1.3310 was short-lived) as concerns about hard Brexit start to rise.
Unexpected dissonant tones came…
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WTI oil consolidates under new 2019 high, just ahead of psychological $60 barrier
WTI oil consolidates under new 2019 high at $59.84, posted in extension through Fibo barrier at $59.62 (50% of $76.88/$42.36) on Tuesday.
Strong bullish sentiment in oil market was additionally boosted by promises from top oil…
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