Windsor News & Research Blog - Forex & CFD Market Analysis

WTI oil price rose further on Wednesday, extending advance into fourth straight day, following strong acceleration on Tuesday, which resulted in a daily gain of 2.1% and close above important barriers at $79.83/$80.00 (200DMA /…
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USDJPY attempts to break above near-term narrow range and sustain gains after Tuesday’s marginal close above pivotal Fibo barrier at 157.01 (61.8% of 160.19/151.85 pullback), where attacks repeatedly failed last week. Technical signals…
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Cable firmed in early Wednesday’s trading after hitting nine-week high on Tuesday (1.2800), but subsequently pulling back on unexpectedly strong rise in US consumer confidence in May, which temporarily inflated dollar. Broken Fibo…
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The GBPJPY cross continues to trend higher and establishing above 200 mark (Monday’s close above this level was the first since Aug 2008). Bulls cracked barrier at 200.50 (Apr 29 spike high), with sustained break here to open way for…
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The Euro keeps firm tone on fading hopes for ECB rate cut, with markets focusing on tomorrow’s release of German inflation data (annualized CPI expected to rise in May). The bull leg off higher low at 1.0805, where 100DMA contained…
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German Ifo business climate index was unchanged at 89.3 in May and missed forecast at 90.4, adding to concerns about slowdown in the economic recovery in the Europe’s largest economy. Weaker than expected numbers in Germany’s top leading…
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The dollar moved within a narrow range in Asian / early European session on Monday, but near-term picture remains bearishly aligned, weighed by Friday’s 0.3% drop and formation of bearish engulfing pattern on daily chart. Rising negative…
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Gold price edges higher in early trading on Monday after last week’s 5% pullback from new record high found solid ground at $2327/25, provided by the top of thick rising daily Ichimoku cloud. Partial profit taking lifted the price,…
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Cable returned to strength after limited impact from upbeat US PMI’s (Thursday) and disappointing UK retail sales (Friday), establishing above 1.2700 mark in US trading on Friday. The pair is on track for the second weekly gain and…
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AUDUSD edges higher on Friday as traders collected part of profits from the drop in past four days. Today’s action marks the first gain this week, but the pair remains on track for a weekly loss of over 1% so far. Technical studies on…
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