Narrow range between 10 and 100SMA looks for fresh signal from UK wages data
Cable stands at the back foot in early Tuesday’s trading, pressured by fresh risk-off mode, sparked by IMF’s downgrade of global growth forecast.
Also, traders remain concerned about the Brexit scenario after PM May revealed her plan B…
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Turkish lira maintains positive tone despite bad news; 200SMA marks key support
The pair remains at the back foot, following recent double-rejection at 5.5450 zone that left a double-top ahead of subsequent acceleration lower.
Fresh weakness pressures key support at 5.3160 (daily cloud base / bull-trendline off 5.1323…
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Bulls face strong headwinds at daily cloud base but remain in play
WTI oil consolidates under new 2019 high at $54.38, posted earlier today, as bulls face strong headwinds from the base of thick falling daily cloud ($54.19) which was cracked today but so far without clear break.
Friday’s long bullish…
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Bears regain control after short-lived advance on positive data from China
The Aussie edged lower in early European session and erases gains made after stronger than expected China’s IP data, released in Asia on Monday.
Stronger US dollar in early Monday adds to fresh weakness, also supported by negative signals…
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Bearish outside day adds to negative outlook ahead of PM May’s reveal of Brexit’s plan B for
Cable ticked lower in early European trading, after narrow-range trading in Asia on Monday, but remains at the back foot following Friday’s 0.9% fall after repeated rejection at psychological 1.30 barrier.
Sterling was hit by weak UK…
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US/China optimism keeps Aussie afloat despite repeated rejections at cloud base
The trades within narrow range on Friday, but the sentiment remains positive on US/China talks optimism, keeping the downside limited.
Thursday’s spike to 0.7221 following a news report was short-lived and the action again ended below…
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Bulls look for 110.00+ after clearing 109.15 pivot
The pair extends recovery to new two-week high at 109.59 on Friday after bullish signal was generated on Thursday’s close above 109.15 pivot (daily Kijun-sen / 50% retracement of 113.70/104.59).
The greenback was boosted by better than…
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Bears look for extension below 55SMA / daily cloud base after consolidation; cloud top to cap…
The Euro holds in consolidative mode above new two-week low at 1.1370, posted on Thursday, as bears repeatedly failed to clearly break below 55SMA (1.1382) despite bearish signal generated on the second straight close below 1.1392 Fibo…
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Sterling advances on improved sentiment; extension towards 200SMA seen after consolidation
Cable is consolidating under psychological 1.30 barrier which was cracked on Thursday’s 0.8% advance.
Eventual break above three-day congestion signaled continuation of recovery phase from 12 Dec 1.2476 low.
Sterling was boosted by…
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Oil price remains within triangular consolidation
WTI oil eases in early trading on Thursday, following report about new record high in US oil production, which soured the sentiment.
EIA report showed stronger than expected draw in US weekly crude inventories (-2.6 mln bls vs 1.3 mln bls…
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