Monday’s action was so far shaped in long-legged Doji, signaling indecision
Cable fell around 85 pips in mid-European session on Monday after being hit by latest Brexit comments, as PM May said she doesn't want to extend post Brexit transition period.
May wants transition to be completed before national election…
Read More...
Read More...
Lira maintains bullish near-term tone and eyes 200SMA support at 5.1067
The USDTRY pair holds in red for the fourth straight day on Monday and is on track to fully retrace 5.3015/5.5412 correction after bulls were trapped at important 5.50 resistance zone.
Turkish lira maintains firm tone despite last week’s…
Read More...
Read More...
Recovery runs out of steam as signals of global production cut need confirmation
WTI oil price stands at the back foot on Monday and eased below $57 in European session after Friday’s Doji candle signaled that three-day recovery might be running out of steam.
Oil prices regained ground after being down 25% in past one…
Read More...
Read More...
Bulls pause on soured US-China relations but remain in play above daily cloud
The Australian dollar attempts to consolidate after gap-lower opening on Monday on soured relations between the US and China, over weekend’s APEC meeting.
Higher Asian stocks helped Aussie to regain some ground but was unable to fill the…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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%…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...