The greenback rallies against loonie on strong US and weaker Canada’s jobs data
The pair rallied to one-week high at 1.3402 after US / Canada jobs data, but fresh bulls were so war unable to hold high levels
Impact from stronger than expected NFP (Mar 196K vs 175K f/c / 20K Feb) was partially offset by slowdown in…
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Rising daily cloud contained fall and continues to underpin
Cable moves higher in early Friday’s trading following previous day’s 0.65% fall.
Lack of agreement in PM May’s talks with opposition frustrated bulls which repeatedly failed to close above converged 20/30SMA (1.3166/69) as rallies stalled…
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Oil price eases from new 5-month high on o/b studies and rise in US oil stocks
WTI oil price eases further from new five-month high at $62.96 as bulls were hit by surprise build in US crude inventories (EIA report on Wednesday showed build of 7.2 mln bls vs forecasted draw of 0.4 mln bls and previous week’s…
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Bulls struggle to clear 200SMA; US jobs data eyed for fresh signals
The pair maintains bullish bias but faces strong headwinds from 200SMA (111.47), as upside attempts stay capped here for the fourth straight dat.
Wednesday’s marginal close above 200SMA (1 pip) was minor positive signal, as bulls see no…
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Recovery fails again to clear 55SMA
The Aussie dollar eases to 0.7100 zone following little benefit from renewed risk mode on signs of progress of US/China trade talks, as upside attempts were capped for the third consecutive day at 0.7130 zone and repeatedly failed to…
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Recovery shows signs of fatigue; dovish ECB minutes could increase pressure
The Euro remains constructive in early Thursday’s trading but so far unable clear initial barrier at 1.1246 (falling 10SMA / Fibo 23.6% of 1.1448/1.1183 fall) that keeps risk of recovery stall in play.
Tuesday’s hammer candle is supportive…
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Cable remains bid on rising soft Brexit hopes
Cable remain bid in early Thursday’s trading and pressuring again 1.32 barrier after action in Wednesday failed to break higher.
Britain’s parliament passed a Brexit delay law on Wednesday that will give government an extra time to…
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Brent oil- bulls approach $70 barrier but may consolidate before break
Brent oil approached psychological $70 barrier on Wednesday in extension of rally from $65.93 (28 Mar spike low) that broke through another significant obstacle at $69.70, marked by 200SMA.
Oil prices maintain bullish tone on positive…
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Euro bounces but still holds below pivotal barriers
The Euro bounces from multi-week low at 1.1183 after strong bears stalled just ahead of key supports at 1.1186/76, boosted by strong EU data (Services PMI Mar 53.3 vs 52.7 f/c; Retail Sales Feb 2.8% y/y vs 2.3% f/c; 2.2% prev).
Stronger…
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Aussie rallied on strong data but face again strong headwinds at 55SMA
The Aussie dollar rallied strongly in Asian session on Wednesday, boosted by upbeat data (Australia’s retails sales Feb 0.8% vs 0.3% f/c and trade surplus widened in Feb to 4.80bn A$ from 4.35 bn A$ in Jan).
Better than expected China’s…
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