Bulls may consolidate before continuing; Fed /G20 in focus for fresh signals
The pair remains bid on Tuesday and probes above Monday’s high at 113.65, as the latest comments from President Trump about implementing plan for tariff hike on imports from China boosted demand for safe-haven dollar.
Long bullish candle,…
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Trump sours the sentiment and neutralizes positive signals from Brexit deal
Cable accelerated sharply lower in early European trading on Tuesday as comments from President Trump soured the sentiment and neutralized expected positive impact from Brexit deal.
Fresh weakness dipped near 15 Nov low at 1.2722,…
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Bears probe through key 200WMA support; stronger downside expected on clear break
The Euro holds in red for the third straight day and accelerated lower at the beginning of European session on Tuesday, to crack key support at 1.1313 (Fibo 61.8% of 1.1215/1.1472 / 200WMA), which contained downside attempts in past five…
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Risk of renewed attack at 200WMA remains in play while the upside stays capped by falling 30SMA
The Euro stands at the back foot in early hours of US session on Monday and slid to the session low at 1.1350 after speech of ECB President Mario Draghi, who pointed at gradual growth slowdown, but expressed the optimism about inflation,…
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Consolidation to likely extend as market eyes Powell; Fed minutes and US/China talks for stronger…
Spot gold edged higher on Monday but remains within choppy range between $1220 and $1230, as bull-leg from $1196 lost traction on attempts above pivotal barriers at $1225 (Fibo 61.8% of $1243/$1196 / bear-trendline off $1243 high).…
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Bears look for final break below psychological $50 support after consolidation
WTI oil ticked higher on Monday, consolidating last Friday’s (already named in the markets as ‘black Friday’) 6.5% fall.
Marginal recovery (0.7% so far) which was slightly above Fibo 23.6% of Friday’s $54.09/$50.09 fall, could be…
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Close above Fibo barrier at 0.7269 would be bullish signal
The Australian dollar rallied on Monday and recovered all losses from last Thu/Fri, to retest cracked Fibo barrier at 0.7269 (50% of 0.7335/0.7202 bear-leg.
Ability to hold above thick daily cloud would keep hopes for further recovery,…
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Fresh advance confirm daily cloud top as solid support
The pair hold firm tone in early Monday's trading and probed through pivotal 113.25 barrier (Fibo 50% of 114.20/112.30 bear-leg / 20SMA).
Fresh bullish acceleration emerged after Friday's action failed to sustain break into thick daily…
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Euro extends recovery despite weak German data; falling 30 SMA is key barrier
The Euro regained traction in early European trading and bounced through broken converging 10/20SMA's (1.1365), after Friday's low at 1.1327 proved as solid support and contained renewed attack.
Fresh recovery attempts so far retraced over…
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Lack of stronger reaction on Brexit deal suggests consolidation may extend
Cable showed little reaction to weekend's Brexit deal and traded within narrow range in Asia on Monday, with slightly higher levels seen in early European trading.
Near-term direction is still unclear, following last Thursday's strong…
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