Fresh bearish acceleration pressures key 200WMA support
The Euro slumped in early US trading on Tuesday, as dollar rose on better than expected US PPI data (Nov core PPI m/m 0.3% vs 0.1% f/c; y/y 2.7% vs 2.5% f/c).
News that Italian government is not planning a major changes to the budget,…
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Temporary base at $50.60 zone holds for now but upside is limited
WTI oil price bounced from temporary base at $50.60 zone (lows of past three days) where pullback from recovery high at $54.54 found footstep.
Oil came under pressure after recovery attempts stalled and subsequent easing was boosted by…
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Bounce after steep fall needs confirmation on break above important barriers
The Australian dollar bounced above daily cloud after Monday’s inverted Hammer candle signaled stall of steep five-day downtrend.
Fresh recovery was also boosted by US/China talks hopes, with oversold daily slow stochastic adding on…
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Bulls face strong headwinds at 113.35 Fibo barrier, but thickening daily cloud underpins
The pair eases on Tuesday after Monday’s 0.6% rally (the biggest one-day rally since 30 Oct) was capped by pivotal Fibo barrier at 113.35 (Fibo 61.8% of 114.03/112.23 ber-leg).
Fresh bullish acceleration after strong downside rejections at…
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Bulls lack strength to break the base of thickening daily cloud
The Euro bounces from lows at 1.1350 (Mon/today) posted after upside rejection at strong 1.1440 resistance zone (daily cloud base / Fibo 38.2% of 1.1815/1.1215 descend / falling 55SMA).
Tuesday’s action ended in bearish daily candle with…
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Sterling consolidates above new 20-month low; near term outlook remains negative
Cable consolidates above new 20-month low at 1.2506, posted on Monday, after 1.10% fall (the biggest one-day fall in Dec).
Pound fell sharply after UK PM Theresa May decided to postpone parliamentary vote on Brexit deal, with rising…
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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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