Sterling falls sharply on Brexit minister resignation; soured sentiment could lead to further losses
The British pound plunged in early European trading on news that UK Brexit minister Dominic Raab resigned.
Cable dipped to two-day low at 1.2846 on news, reversing the most of recovery in past two days and shifting focus towards pivotal…
Read More...
Read More...
Aussie surges on upbeat jobs data; key barriers at 0.73 zone pressured
The Australian dollar surged in early Thursday's trading, advancing 0.7% in Asia, boosted by upbeat Australian jobs data which showed strong rise in employment in Oct (32.8K vs 19.9K f/c and 7.8K prev) while unemployment remained unchanged…
Read More...
Read More...
Recovery stall on approach to key Fibo barrier; weak German data and Italy budget story weigh
Recovery Mon/Tue double-bottom at 1.1215 shows signs of stall as early Wednesday's extension of previous day's rally lost the steam on approach to pivotal Fibo barrier at 1.1324 (38.2% of 1.1499/1.1215 bear-leg.
Data released earlier today…
Read More...
Read More...
Fresh bulls face strong headwinds from daily cloud; fresh signals expected from UK CPI and Brexit…
Cable trades returns below 1.30 handle in early European trading but still holding positive tone following Tuesday's strong UK earnings data and renewed Brexit optimism.
The UK and EU agreed a preliminary text of Brexit deal, which could…
Read More...
Read More...
Renewed Brexit optimism and upbeat earnings data helped pound’s 1% recovery
Cable holds in strong bullish mode in early US trading on Tuesday, following nearly 1% advance in Asia and Europe.
Fresh bullish sentiment emerged from optimistic comments about Brexit and boosted by upbeat UK earnings data (Sep ex-bonus…
Read More...
Read More...
Steep downtrend extends on fresh negative news and shows no signs of fatigue for now
WTI oil extends weakness on Tuesday to new multi-month low at $58.24, maintaining strong bearish tone, following Monday's 3% fall.
Brief recovery attempt on Monday was short-lived, with fresh acceleration lower sparked by President Trump's…
Read More...
Read More...
Recovery attempts need clear break above 10SMA to signal further advance
The Australian dollar bounced on Tuesday as stocks stabilize and signs of easing US / China trade tensions offered fresh support.
Three-day fall from 0.7302 high hit two-week low at 0.7164, where bears were contained by 55SMA and…
Read More...
Read More...
Bulls probe again above 114.00 following repeated failure
The pair maintains bullish tone and probes again above 114.00 barrier, where upside attempts were repeatedly rejected in previous sessions, keeping the price congested within 114.10/113.60 consolidation.
The dollar remains well supported…
Read More...
Read More...
Bears consolidate after strong fall on Monday; German ZEW data not expected to impact overall…
The Euro holds in recovery mode in early Tuesday's trading after suffering strong losses on Monday (down 0.9% for the day in the biggest one-day fall since 27 Sep).
Bounce from new multi-month low at 1.1215, posted on Monday, showed…
Read More...
Read More...
Strong UK jobs data could boost recovery but Brexit remains key driver
Cable bounces from new nearly two-week low at 1.2827, hit on Monday after the pair registered loss of 2.10% in past three sessions, on steep fall driven by increased Brexit concerns.
Today's recovery attempts were triggered by…
Read More...
Read More...