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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Bulls probe again into daily cloud ahead of Fed
The Euro holds bid tone on Wednesday ahead of today’s key event – Fed policy decision.
Fresh bullish acceleration in early European trading penetrates thick daily cloud, after Tuesday’s violation of cloud base was short-lived.
Fears of…
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Pound benefits from weaker dollar but break above 1.2700 zone is needed to confirm
Sterling enters US session at the front foot after hitting one-week high at 1.2705 earlier, with initial positive signals being generated on break above 10SMA (1.2643) and last Thursday’s recovery high at 1.2686.
Weaker dollar on…
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Spot Gold pressures key barriers, supported by expectations of dovish Fed
Spot gold retests $1250 barrier (10 Dec high) on Tuesday, in extension of previous day’s rally, signaling full retracement of $1250/1232 corrective phase and possible continuation of larger uptrend from $1196 (13 Nov low).
Bulls eye key…
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Strong bearish sentiment keeps oil price below $50 but technical correction may precede fresh…
WTI oil holds in red for the third straight day and hit new low at $48.12 (the lowest since Sep 2017) on Tuesday, after strong bearish signal was generated on eventual break and close below psychological $50 support on Monday.
Oil prices…
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