Directionless near-term mode as production cut decision was so far insufficient to spark stronger…
WTI oil price eased on Monday but staying in directionless mode after spike on Friday on news that OPEC decided to reduce the output stalled and Friday’s action ended in long-legged Doji candle.
Adding to neutral tone was the second…
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Sterling slumps as UK PM May calls off Brexit vote in the parliament
Sterling dipped to new 2018 lows (also the lowest since June 2017) against US dollar on Monday after UK PM May unexpectedly announced pulling a parliamentary vote on EU/UK Brexit deal.
Surprise news hit sterling as Brexit drama gets fresh…
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Bulls face headwinds at daily cloud base; cluster of converged MA’s underpins and expected to…
The Euro stands at the front foot on Monday and cracked strong barriers at 1.1435/44 (falling 55SMA / base of falling thick daily cloud / Fibo 38.2% of 1.1815/1.1215 descend).
Fresh bulls emerged after Monday’s gap-lower opening and filled…
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Pound dips on weak GDP data; historical House of Commons vote on Brexit deal in focus
Cable dipped to new session low at 1.2691 and reversed overnight’s recovery to 1.2755 after gap-lower opening on Monday and dip to Asian low at 1.2702.
UK Q3 GDP data showed that the economy slowed down in three months to October that…
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USDJPY shows strong hesitation at key Fibo / cloud base 112.45 support
The dollar regained traction and bounced above daily cloud (112.67/112.46) in European trading on Monday, after weak opening and spike to 112.14 in Asia.
Dip probed below daily cloud base and was contained by 100SMA (112.26), with…
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Crude Oil jumps 4% on OPEC output cut agreement
WTI oil bounced above $54 per barrels in early US trading on news that OPEC reached a deal to cut production.
Cartel members and oil producers outside the group, led by Russia, agreed to reduce production by 1.2 million barrels per day,…
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Dow maintains negative tone despite Thursday’s Hammer ahead of US NFP data
Dow is consolidating within narrow range and low-volume trading on Friday, following sell-off on Thursday, triggered by arrest of Huawei CFO.
The fall found footstep just ticks above previous low at 24246 (23 Nov) ahead of strong rebound,…
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Bears take a breather after steep fall; US jobs data eyed for fresh signals
The Australian dollar consolidates after strong fall in past four days (down nearly 2%) which was contained by daily cloud top / 55SMA (0.7190).
Long tail of Thursday’s daily candle signals that bears might be running out of steam and…
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Positive signal on strong downside rejection on Thursday looks for confirmation on strong US jobs…
The pair holds above daily cloud in early European trading on Friday and shows scope for further recovery, as cloud top (112.67) remains key near-term support.
Thursday’s strong fall penetrated daily cloud and was contained by 100SMA just…
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US jobs data expected to provide fresh signals ahead of historical events next week
Cable stands at the back foot in early Friday’s trading and eases back to 1.2750 zone, following bullish close on Thursday which generated initial positive signals after the action on Tue/Wed ended in long-legged Dojis.
Thursday’s spike…
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