Windsor News & Research Blog - Forex & CFD Market Analysis

The pair accelerated lower on Friday following double upside rejection at strong barriers provided by the base of thick daily cloud and 55SMA (1.3317/32). Better than expected Canada’s Jan housing / labor data added to loonie’s fresh…
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WTI oil ticked lower on Friday but holds above Thursday’s low at $51.78, posted after nearly 2.5% daily fall. Oil remains at the back foot following double-failure at pivotal $55.55 Fibo barrier (38.2% retracement of $76.88/$42.36…
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The Aussie dollar remains in red and extends weakness in early Friday to crack pivotal supports at 0.7075/70 (25 Jan trough / Fibo 38.2% retracement of 0.6706/0.7295). Long bearish daily candle on Wednesday continues to weigh and keep the…
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The Euro resumes lower and hits new lowest levels since 25 Jan in early European trading on Friday, after being entrenched within tight range in Asia. Overall picture remains firmly bearish as increased safe-haven demand on global growth…
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Cable holds in directionless mode for the third straight day, after Thursday’s post-BoE volatile trading failed to generate firmer direction signal. Sterling was initially lower and hit new 2 ½ week low at 1.2854, following 9-0 vote to…
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Recovery off 5.16 zone higher base (31Jan / 2Feb) is picking up and hit new high at 5.2668 today (one week high) after a higher low was left at 5.1827. Recovery probed above sideways-moving 10SMA (5.2388) and is underpinned by…
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The Aussie dollar trades within narrow consolidation following 1.8% fall on Wednesday, triggered by signs for possible rate cut, with negative sentiment reinforced by downbeat New Zealand jobs data that sent Kiwi dollar sharply lower and…
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Cable stands at the back foot in early Thursday’s trading, ahead of key events: BoE interest rate decision, minutes of the previous meeting and quarterly inflation report, while UK PM May will meet EU leaders in attempt to agree changes in…
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The cross eases on Wednesday after 1 ½ week recovery rally showed signs of stall at pivotal Fibo barrier at 0.8806 (38.2% of 0.9113/0.8617). Repeated failure to clearly break higher resulted in fresh weakness, as the single…
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WTI oil stands at the back foot on Wednesday and extends weakness of past two days from new 2019 high at $55.73. Fresh weakness cracked significant support at $53.12, but without clear break lower so far. Momentum continues to weaken on…
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