Break above converged 100/200SMA’s would unmask key barriers at 112.13/20
The pair regains traction and probes through converged 100/200SMA’s (111.38) following double failure to clearly break below rising 20SMA.
Cracked moving average remains initial support (111.09) and underpins recovery.
Lift above…
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Extended recovery eyes key barriers at 1.1300/26 zone
The Euro holds in green for the third straight day and extends recovery from 1.1176 low (7 Mar) through pivotal double-Fibo barrier at 1.1270 (38.2 of 1.1419/1.1176 / 23.6% of 1.1570/1.1176).
Renewed Brexit optimism positively impacted the…
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Renewed optimism inflated pound ahead of key parliamentary vote on Brexit plat
Cable remains bid in early European trading on Tuesday and holding under new two-week high at 1.3288, posted in early Asian session in extension of Monday’s 1.6% advance, the biggest one-day gains since 1 Nov.
The pound was boosted by…
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GBPUSD extends recovery on profit taking ahead of Brexit vote
Cable ticked higher and pressures 1.31 barrier in early US trading on Monday, as traders took profits from short positions and re-positioning for fresh weakness in anticipation of another defeat of UK PM May on tomorrow’s important…
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Oil price stands at the front foot on on latest comments from Saudi Oil Minister
WTI oil price extended higher on Monday, bouncing from dangerous territory after spiking to $54.51 on Friday after weak Chinese data.
Downbeat US NFP data which pushed dollar lower, helped oil’s recovery, with the latest news that OPEC and…
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USDJPY ticks higher after repeated failure at 20SMA
The pair consolidates above rising 20SMA (currently at 111.04) which prevented deeper fall after dollar accelerated lower on downbeat US NFP data on Friday.
Dip was contained by broken Fibo 61.8% support (110.74) and today’s recovery…
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Euro extends recovery before bears regain control
The Euro extends recovery from new 2019 low (1.1176, posted last Thu) on Monday, as greenback remains at the back foot from downbeat US NFP data.
However, current move is seen as corrective action of broader downtrend, as ECB’s dovish…
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GBPUSD hit three-week low on probe below 200SMA ahead of Brexit vote
Cable ticked higher in early European trading on Monday, following gap-lower weekly opening and probe below significant supports at 1.30/1.2993 (psychological / 200SMA / Fibo 61.8% of 1.2772/1.3349).
Uncertainty ahead of last parliamentary…
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Canadian dollar rebounds after downbeat US and strong Canada’s jobs data
The pair fell some 50 pips in an immediate reaction on US NFP surprise and upbeat Canada’s employment figures.
Data on Friday showed that US job growth reached levels close to stall, as the economy created only 20K new jobs in Feb, falling…
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WTI price falls on renewed concerns about global growth slowdown
WTI oil price fell over 1% on Friday as weak China’s data (Feb exports -20.7% vs -4.8% f/c, the biggest drop in three years) soured sentiment, adding to renewed fears about global growth slowdown that would likely impact oil demand and…
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