Weekly close below 200WMA to confirm bearish stance and risk test of 1.1215/1.1186 pivots
The Euro stands at the back foot in early European trading on Friday and reverses gains of the previous day, when weaker than expected US retail sales (data showed the biggest drop in more than nine years) pressured dollar.
The greenback…
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Bears pause above daily cloud; UK retail sales eyed for fresh signal
Cable is consolidating above daily cloud top in early Friday’s trading following heavy losses in past two days.
UK parliament voted down PM May’s Brexit plan again on Thursday, increasing concerns over likely no-deal Brexit and adding…
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Recovery faces strong headwinds from 0.7246 Fibo barrier; little positive impact from strong China’s…
The Aussie dollar ran out of steam again at 0.7130 zone in late Asian trading on Thursday, following strong upside rejection on Wednesday and dipped back to 0.7100 zone.
Support from better than expected China’s data and positive rhetoric…
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Corrective dips may precede final attack at 200SMA
The pair consolidates around 111 handle following strong advance in past three days and remains bid for attack at 200SMA (111.28), violation of which would expose nearby barriers at 111.40 zone (late Dec high); 111.55 (Fibo 76.4% of…
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Wednesday’s bearish outside day weighs; bears eye key support at 1.1215
The Euro fell at the start of European session on Thursday and erased all gains of recovery rally in Asia, in attempts to extend Wednesday’s strong fall (the pair was down 0.6%).
Wednesday’s bearish outside day adds to negative outlook, as…
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Bears retake control as 100SMA continues to cap
Cable gets under fresh pressure in early European trading on Thursday after brief recovery attempts in Asia were capped by 100SMA (the action repeatedly closed below 100SMA in past three days).
Wednesday’s bearish candle with long upper…
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Roller coaster action on high volatility; weak CPI weighs; 100SMA remains key
Cable hit daily low at 1.2870 in early American session on Wednesday, on fresh weakness from daily high at 1.2958, hit after sizeable buy order was triggered minutes before noon fix.
Sterling returned to bearish mode after UK inflation…
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Close above 55SMA to signal further advance but headwinds may come from psychological 111.00 barrier…
The pair maintains positive tone on Wednesday and eyes psychological / option 111.00 barrier after fresh acceleration in early US trading broke above important barrier at 111.66 (55SMA).
Close above here is needed to generate bullish…
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Oil stands at the front foot on possible production cut increase / fall in US oil inventories
WTI oil stands at the front foot on Wednesday, following Tuesday’s bounce that completed hammer reversal pattern.
Draw of US crude inventories (API report showed 0.9 mln bls draw vs 2.5 mln bls build f/c) and signs from OPEC for stronger…
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Downbeat EU IP data may add to recovery stall signals
Tight consolidation after Tuesday’s rally keeps recovery limited for now and fails to benefit from positive signal on bullish outside day, left on Tuesday.
Weaker dollar on renewed risk appetite on optimism over US/China trade talks,…
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