Bulls pause under pivotal barrier, looking for fresh signals from data
The Australian dollar eased on Wednesday after repeated failure at 0.7174 barrier (daily Kijun-sen / 50% retracement of 0.7295/0.7054).
The downside was for now protected by broken 55SMA (0.7149) but deeper pullback cannot be ruled out as…
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Euro maintains firm tone but in directionless mode ahead of Fed minutes
The Euro holds firm tone and probes again above cracked Fibo barrier at 1.1341 (38.2% of 1.1514/1.1234) after bulls failed to close above on Tuesday.
Fresh attempts higher remain capped by 20SMA (1.1362) for the second day and keep in play…
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Bulls consolidate after 1% rally; May / Juncker meeting in focus for fresh signals
Cable consolidates in early Wednesday's trading after 1.08% rally on Tuesday (the biggest one-day gains since 1 Nov).Tuesday's surge after strong UK jobs data resulted in break and close well above converged 20/200SMA's, as well close above…
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Sterling advances through key barrier, boosted by strong jobs data
Cable enters American session on Tuesday firmly in green and above pivotal barrier at 1.2942 (Fibo 38.2% of 1.3217/1.2772 / daily Kijun-sen).
The pair ticked lower after release of UK jobs data, as markets were initially disappointed after…
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Euro falls after strong recovery rejection and weak EU data
The Euro stands at the back foot and dips to session low at 1.1282 in European trading on Tuesday, as EU current account surplus narrows significantly (Dec 16.2B vs Nov 22.7B) and German ZEW data showed economic sentiment weakened in Feb…
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Bulls are taking a breather under 100SMA
WTI oil price holds within tight range under new 2019 high posted after strong 5-day advance, showing hesitation on approach to strong barrier at $56.92 (falling 100SMA).
Bulls are running out of steam as daily slow stochastic is turning…
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Pound could rise further on strong earnings data
Cable is holding above within narrow range of the previous day, limited by 10SMA (1.2894) and 30SMA (1.2948) ahead of today’s key event, release of UK jobs data.
Two-day recovery from 1.2772 low was capped by pivotal Fibo barrier at 1.2942…
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Yen weakens after more dovish than expected BoJ, 200SMA barrier in focus again
The pair holds in green and trading near session high at 110.71, in early European session on Tuesday as yen came under pressure on comments from BoJ governor about possible further policy easing.
Near-term tone is positive and favors…
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Aussie dips to 0.71 support zone after dovish RBA minutes
The Australian dollar holds in red in early European trading on Tuesday and pressures 0.71 support, hit by RBA minutes, released in Asia.
The central bank pointed in significant uncertainties on the economic outlook, mainly due to strong…
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Limited downside for now but risk of further weakness in play
The cross holds below broken Fibo support at 0.8754 (38.2% of 0.8617/0.8839), but the downside was so far protected by 20SMA (0.8747) despite negative signal from Friday’s bearish outside day.
Both units were supported by fresh risk…
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