Rising safe-haven demand on geopolitical tensions increases risk of pullback
The pair holds in red for the second day and extends pullback after repeated failure at 111 zone and rejection under pivotal 200SMA barrier.
Tuesday’s bearish outside day and fading risk sentiment on India-Pakistan tension, add to negative…
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Bulls look for extension towards targets at 1.3297/1.3315, following Wed’s 1.1% advance
Cable stands at the front foot in early Wednesday’s trading and consolidates under new 2019 high at 1.3287, posted after Tuesday’s 1.1% rally (the biggest one-day gains since 1 Nov).
Overnight’s easing was brief and stayed above broken…
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Cable eases from new 2019 high on Brexit talks / overbought conditions, but outlook remains bullish
Cable pulls back from new multi-month high at 1.3237, posted today on bullish acceleration, sparked by news about delayed Brexit.
Probe above former 2019 high at 1.3217 (25 Jan) was so far short-lived, as PM May promised lawmakers Britain…
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WTI pauses after strong fall but risk of deeper fall exists as sentiment weakened after Trump’s…
WTI oil ticked higher from new 1 ½ week low at $55.01 on Tuesday, following 3% fall on Monday, which marked the biggest one-day loss since 24 Dec.
Oil prices came under increased pressure after President Trump’s message to OPEC, in which…
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Positive signals on fresh probes above 30SMA; Fed Powell’s testimony in focus
The Euro stands at the front foot on Tuesday and holds at the upper side of week-long congestion, following bullish close after triple Doji on Monday and probe above 20/30SMA’s pivots.
Tuesday’s action holds above 20SMA (1.1352) and probes…
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Aussie eases after another upside rejection; 10SMA marks key support
The Australian dollar eased from new recovery high at 0.7184 in early Tuesday’s trading, as risk appetite started to fade and bulls failed again to clearly break above pivotal 0.7174 barrier (50% retracement of 0.7295/0.7054 / daily…
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Bulls face strong headwinds from 200SMA and keep risk of stall despite improved sentiment
The pair trades near 2019 high at 111.23 following Monday’s rally which generated bullish signal on close above triangle resistance (110.86) and fresh probes above 111 barrier.
Fresh risk appetite on optimistic tones from US/China trade…
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Pound extends advance on Brexit delay news
Cable accelerated higher and hit new 3 ½ week high at 1.3161 in Asian session on Tuesday, boosted by reports that UK PM May was considering delaying the deadline for UK’s exit from the European Union.
Fresh rally surged through 1.3112 Fibo…
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US oil fell nearly $2 after Trump criticized OPEC for too high oil prices
WTI oil price fell nearly $2 on Monday after US President Trump said that oil prices are too high and called OPEC to relax and keep prices steady.
WTI contract dipped from $57.48 to the session low at $55.69 after Trump’s tweet, in…
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WTI maintains positive tone and eyes 100WMA
WTI oil bounced on Monday following short-lived probe below $57 handle (session low at $56.95) and aiming towards last Friday’s high at $57.79 (the highest since mid-Nov 2018).
Optimistic tones from US/China trade talks and production cut…
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