Renewed attempt through 20SMA need boost from strong UK data to sideline persisting risk of stall
Cable stands at the front foot and attacks again falling 20SMA (1.2686) which so far capped several attempts in past few sessions.
Pound maintains positive tone, despite cautious tone from the BoE regarding significantly intensifying…
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Bears regained control after short-lived consolidation
WTI oil returned to red on Thursday and hit new 2018 low at $45.81, also the lowest since late Aug 2017, after larger bears paused on Wednesday on short-lived consolidation after Fed surprise.
Bears quickly regained control on global fall…
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Better than expected Australian jobs data boost recovery but strong obstacles lay ahead
The Australian dollar regained ground and bounced on Thursday, following Fed-inspired strong fall on Wednesday when the pair dipped to 1 ½ month low at 0.7086.
Fresh bulls emerged after the greenback lost traction after short-lived rally…
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The dollar remains in free fall after short-lived and limited positive impact from Fed
The pair extends steep fall into fifth straight day and was down nearly 0.7% in early Thursday’s trading, following little benefit for the dollar on more hawkish than expected Fed on Wednesday.
The greenback came under fresh pressure after…
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Upbeat UK retail sales boost pound ahead of BoE but Brexit concerns continue to weigh
Cable is up and remaining constructive in early Thursday’s trading despite Fed surprise, which showed limited negative impact.
Upbeat UK retail sales numbers in Nov (m/m 1.4% vs 0.3% f/c; y/y 3.6% vs 1.9% f/c) helped renewed bulls to…
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Bulls return to play and pressure key Fibo barrier after short-lived impact from Fed surprise
The Euro regained traction and moved higher in early European trading on Thursday, following quick pullback from session high on Wednesday after Fed policy announcement.
The US central bank raised interest rates by 0.25%, in widely…
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Bears take a breather before final push towards $45.46 target
WTI oil consolidates above new 16-month low at $46.10, posted on Tuesday after daily fall of 7.5%, while oil prices were down 12.6% in past three days and down 40% in steep fall which commenced in early October.
Renewed negative sentiment…
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Double-Doji signals strong indecision ahead of Fed
The Australian dollar attempts again at falling 10SMA (0.7199) which capped Tuesday’s action, but was so far unable to break higher.
Near-term outlook remains mixed, following double-Doji (Mon/Tue) and strong downside rejection last…
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Bears probe again below daily key cloud base / Fibo support; Fed decision to give fresh signals
The pair holds in red for the fourth straight day and returns below daily cloud after bears failed to close below key supports at 112.46/40 (daily cloud base / Fibo 61.8% of 111.37/114.20 / 100SMA) on Tuesday, despite spike to…
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Sterling is holding between 10 and 20SMA’s and awaiting signal from UK CPI data
Cable stands at the front foot and holding under Asian session high at 1.2678, ahead of release of UK CPI data.
Strong upside rejection on Tuesday at 1.2700 zone (Fibo 61.8% of 1.2839/1.2476 / falling 20SMA) warns of recovery stall, as…
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