Positive impact from dovish Powell fades as pound falls on latest PM May’s comments
Cable was sharply lower on comments from UK PM May who confirmed that the deal with EU is the final one and the UK is leaving the union in March, as scheduled.
May also pointed to comments on the second vote as attempts to frustrate Brexit…
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Initial reversal signal needs confirmation on break above 1.1472; Fed minutes would provide more…
The Euro hit one week high at 1.1397 in early European trading on Thursday, in extension of previous day’s over 100 pips rally after dovish comments from Fed chief Powell changed sentiment.
The greenback was sold across the board following…
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Bears are regaining control after recovery stalled; OPEC meeting next week is key
WTI oil holds in red on Wednesday and dipped below $51 handle, retracing over 61.8% of two-day $50.09/$52.53 recovery and signaling that corrective phase might be over.
Oil bears took a breather after falling over 6% last Friday, helped by…
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The downside remains vulnerable while 0.7270/80 zone pivots cap
The Aussie dollar holds bid tone on Wednesday, despite stronger greenback and downbeat Australian data released earlier today (Q3 Construction work done -2.8% vs 0.9% f/c).
The pair holds above top of falling thick daily cloud which marks…
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Bulls are consolidating after strong rally; 2018 high remains in focus
Bulls are taking a breather after strong rally in past two days (0.8% advance), with firm bullish bias being intact and focusing targets at 114.20 (12 Nov) and 114.54 (2018 high).
Tuesday’s marginal close above 113.75 pivot (Fibo 76.4% of…
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Bears eye 2018 low after break below 200WMA
The Euro trades in red for the fourth straight day and hit new two-week low at 1.1267 in early European trading on Wednesday.
Strong bearish signal was generated on Tuesday’s close below 200WMA / Fibo 61.8% of 1.1215/1.1472 (1.1313) which…
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Sterling holds bearish stance on stronger dollar and fears over parliamentary approval of Brexit…
Cable moves within narrow consolidation in early Wednesday’s trading and just above strong support at 1.2722 (15 Nov low) which was approached on Tuesday’s strong fall (sterling was down 0.65% for the day).
Signals that US President Trump…
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Bears could extend towards key supports at 5.00/4.82; Turkey CPI data eyed for fresh signals
The USDTRY hit new nearly four-month low at 5.21 on Tuesday in extension of wave C (which commenced from 6.8379, 30 Aug lower top), of five-wave cycle from all-time high at 7.1074 (13 Aug).
Extended third wave, eyes 200SMA (5.1174) break…
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Bears are taking a breather ahead of psychological $50 support
WTI oil trades within extended but limited consolidation on Tuesday, near the lowest level in past almost fourteen months ($50.09) and ticks ahead of psychological $50 support.
Bears may take a breather before eventually breaking lower, in…
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Double upside rejection and fears of tariff hike weigh on Australian dollar
Bounce in to 0.7269 early European trading was short-lived and the pair returned to familiar levels, holding just above top of thick daily cloud (0.7211).
Repeated strong upside rejection adds fears of extension of bear-leg from 0.7335, as…
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