Recovery extends near pivotal Fibo barrier but risk of stall exists
The Euro enters the US session at the front foot as recovery extended in European session and reached high just ticks ahead of key barrier at 1.1341 (Fibo 38.2% of 1.1514/1.1234 / last week’s highs.
Fresh risk appetite on trade optimism…
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Bulls pressure key n/t barrier; FOMC minutes in focus for fresh signals
Spot gold rose on Monday, in extension of last Thu/Fri rally and pressures 2019 high at $1326, posted on 31 Jan (the highest since 25 Apr 2018).
News over the weekend on improved mode in US/China trade talks, sparked fresh optimism that…
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WTI hits new 2019 high today
WTI oil price hit new 2019 high at $56.63 on Monday, in extension of last week’s strong rally, when WTI contract advanced nearly 7%.
Renewed optimism over US/China trade talks, added to positive oil price sentiment on OPEC production cut…
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Recovery cracks strong resistance zone but so far without clear break
The Aussie extends recovery off 0.7054 base, boosted by fresh risk appetite on optimistic tone from trade talks.
Fresh extension higher cracked 0.7146 (Fibo 38.2% of 0.7295/0.7054) the lower boundary of strong resistance zone between…
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Directionless mode after limited pullback looks for fresh signals
Narrow range in early Monday’s trading after Friday’s tight Doji signals directionless mode after pullback from last week’s double-rejection at 111 zone was contained by 10SMA / broken Fibo 61.8% barrier.
Traders look for fresh direction…
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Rebound faces strong headwinds and stays away from key 1.1341 Fibo barrier
The Euro holds positive tone in early Monday’s trading and rebounds after strong downside rejection on Friday, which left long-tailed daily Doji candle.
Increased prospect for US/China trade deal pressured greenback on fresh demand for…
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Bullish outside day provides positive signal but more work needed at the upside to confirm reversal
Cable is holding above 1.29 handle in early European trading, following Monday’s gap-higher opening and extension to 1.2920 high in Asia, boosted by fresh risk appetite on optimism in US/China trade talks.
Strong rally on Friday (the…
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Brent hits new 2019 high
Brent oil cracked psychological $65.00 barrier on Friday and hit new 2019, in extension of the rally in past three days which generated bullish signal on Thursday’s close above pivotal barriers at $64.12/19 (daily cloud top / Fibo 38.2% of…
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Bulls probe above daily cloud as OPEC production cut underpins oil prices
WTI oil price cracked the top of falling daily cloud ($55.15) on Friday, extending advance into fourth straight day.
Voluntary production cut by OPEC members and their allies in order to tighten oil market, started giving results, with…
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Risk of deeper pullback on break below 10SMA
The pair stands at the back foot on Friday after double rejection under important 200SMA barrier and downbeat US retail sales on Thursday hurting the greenback.
Bearish extension in early Friday pressures pivotal supports at 110.22/19…
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