Bulls consolidate under new high ahead of Tuesday’s Brexit vote
Cable consolidates under new 15-week high at 1.3217, posted on Friday after the biggest one-day rally in 2019 when the pair was up 2.5%.
Sterling rallied on newspaper report that Northern Ireland's DUP party has decided to back PM May's…
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Fresh bullish acceleration clearly breaks above 200SMA; cable on track for the biggest weekly gains…
Cable accelerated to 11-week high in early American session trading on Friday and cracked key Fibo barrier at 1.3153 (38.2% of 1.4376/1.2397 Apr/Jan fall), boosted by renewed Brexit optimism and weaker dollar across the board.
Fresh rally…
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Strong rebound returns to daily cloud and neutralizes bearish threats
The Euro accelerates strongly up in early US trading on Friday, boosted by lower dollar and after markets digested dovish signals from ECB.
Fresh advance fully reversed Thursday’s fall and returned back to daily cloud, sidelining downside…
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Fresh advance turns focus towards pivotal $1300 resistance zone
Spot gold surged to one week high at the beginning of American session on Friday as US stocks rose on upbeat earnings reports, sending the greenback lower across the board.
The yellow metal accelerated higher and emerged from four-day…
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Oil edges higher on concerns about output disruption but key barriers are still intact
WTI oil ticked higher on Friday and eventually penetrated thick daily cloud after cloud base capped attempts in past few sessions.
Fresh boost for oil price came from political turmoil in Venezuela that raises concerns about potential…
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Pivotal 110 barrier is under pressure but resists for now
The pair maintains positive near-term tone and ticked higher on Friday’s Asian / European trading, holding in the upper part of week-long 109.05/109.99 congestion and pressuring key barrier at 110.00 (psychological resistance…
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Bounce is seen as positioning for fresh weakness; daily cloud base to cap upticks
The Euro edged higher in early Friday’s trading as traders booked profit after Thursday’s 0.7% daily fall, sparked by dovish stance from ECB chief Mario Draghi, who highlighted further downside risk and weaker than expected near-future…
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Sterling rallies above 200SMA on fresh Brexit optimism
Cable rallied to new 10-week high at 1.3138 in Asia on Friday, following newspaper's report that Ireland is preparing to back PM May's plan B.
Revived hopes that UK might avoid no-deal Brexit boosted pound for eventual break above falling…
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Reaction on key 200SMA support would provide fresh direction signal
The pair extends bearish acceleration from Wednesday that eventually broke below four-day congestion and testing key 200SMA support (5.2606).
Lira remains steady and benefited from recent uncertainty, with additional support from CBRT’s…
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Bears remain on hold above key 1.1350 support, awaiting ECB for fresh signals
The Euro bounced from session low at 1.1339, posted after downbeat French PMI data, underpinned by unexpected jump in German Services PMI (Jan 53.1 vs 52.2 f/c) that offset negative impact from weaker than expected German Manufacturing PMI…
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