Rising safe-haven demand keeps dollar under pressure; Friday’s massive bearish candle weighs
The pair is consolidating within daily cloud on Monday, after 0.67% fall last Friday, when comments from Fed official Clarida shook expectations for rate hike in Dec and prompted investors into safe-haven yen, sending the dollar sharply…
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Weaker dollar eases downside risk; Brexit remains the top event for sterling
Cable holds positive tone in early European trading on Monday and pressures last Friday's spike high at 1.2877, as fresh dollar's weakness over rate hike concerns, keeps sterling bid and sidelines Brexit fears.
Political turmoil in the UK…
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Bulls eye key Fibo barrier at 1.1444 as sentiment improves on concerns about Fed Dec rate hike
The Euro probes above new 1 ½ week high at 1.1420 after narrow consolidation in early Monday's trading, following 0.8% advance on Friday (the biggest one-day rally in Nov).
Strong bullish acceleration on Friday was sparked by comments from…
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Recovery extends as strong downside pressure eases on output cut hopes
WTI oil price holds in green for a third straight day and extends recovery after 12-day uninterrupted fall.
Hopes that OPEC may cut production and stabilize oil price which held in steep descend for six consecutive weeks, marking over 20%…
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Key supports under renewed pressure after Thursday’s strong downside rejection
The pair holds in red on Friday following Thursday's long-tailed Doji candle, left after strong downside rejection at 113.12/10 (Fibo 38.2% of 111.37/114.20 / 20SMA) which guards daily cloud top (112.82).
Doji signaled indecision after…
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Recovery attempts struggle at pivotal 1.1342/67 resistance zone
The Euro stands at the front foot on Friday, but upside attempts show strong hesitation at pivotal Fibo barrier at 1.1357 (50% of 1.1499/1.1215 bear-leg), as probe above 1.1357 repeatedly failed and was capped by falling 20SMA.
Near-term…
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Aussie eases after recovery stalled on fading optimism over possible US/China deal
The Australian dollar holds in red on Friday and eases after three-day rally which resulted close above falling daily cloud and main bear-trendline which tracks the downtrend from 2018 high.
Bulls are running out of steam and stalled on…
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Bears are taking a breather after Thursday’s massive fall; near-term outlook remains negative
Cable moved higher as PM May spoke in early European trading on Friday, mainly consolidating after Thursday sharp 1.67% fall, following news of resignation of the Brexit minister in the UK government.
May had nothing significantly new to…
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Bears are taking a breather with upside attempts being limited for now
WTI contract registered the first positive daily close in twelve day on Wednesday, signaling that larger bears are taking a breather after steep fall, but recovery looks so far very limited.
Thursday's daily candle is green but with long…
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Extension of pullback eyes key supports at 113.12/112.82
The pair extends pullback from multiple upside rejections at 114 zone to one-week low on Thursday, maintaining bearish near-term stance, following double-Doji on Mon/Tue and Wednesday's close in red.
Fresh risk aversion on rising concerns…
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