Dow maintains negative tone despite Thursday’s Hammer ahead of US NFP data
Dow is consolidating within narrow range and low-volume trading on Friday, following sell-off on Thursday, triggered by arrest of Huawei CFO.
The fall found footstep just ticks above previous low at 24246 (23 Nov) ahead of strong rebound,…
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Bears take a breather after steep fall; US jobs data eyed for fresh signals
The Australian dollar consolidates after strong fall in past four days (down nearly 2%) which was contained by daily cloud top / 55SMA (0.7190).
Long tail of Thursday’s daily candle signals that bears might be running out of steam and…
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Positive signal on strong downside rejection on Thursday looks for confirmation on strong US jobs…
The pair holds above daily cloud in early European trading on Friday and shows scope for further recovery, as cloud top (112.67) remains key near-term support.
Thursday’s strong fall penetrated daily cloud and was contained by 100SMA just…
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US jobs data expected to provide fresh signals ahead of historical events next week
Cable stands at the back foot in early Friday’s trading and eases back to 1.2750 zone, following bullish close on Thursday which generated initial positive signals after the action on Tue/Wed ended in long-legged Dojis.
Thursday’s spike…
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Initial bullish signal on probe above triangle’s upper boundary but US jobs data would be a key…
The Euro holds slightly positive tone in early Friday’s trading and moved above trendline resistance (bear-trendline drawn off 1.1815 high, currently at 1.1364).
Bullish close on Thursday after triple-Doji and close above 30SMA (1.1359)…
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Oil price falls back towards $50 support after recovery was repeatedly rejected; OPEC meeting in…
WTI oil fell on Thursday, reversing so far the largest part of recent $49.40/$54.54 recovery rally, driven lower by slide in stock market and uncertainty about the outcome of OPEC meeting.
The cartel announced the readiness to cut the…
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Daily cloud top retested on fresh risk-off mode but without firm break so far
The pair fell sharply in early European trading on Thursday and fully reversed previous day’s recovery, as renewed risk-off mode on Huawei CFO boosted yen.
Fresh weakness penetrated daily cloud after cloud top contained dips in past two…
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Narrowing range holds between 200WMA and 30SMA pivots
The Euro stands at the back foot on Thursday following triple Doji in past three days but remains within near-term congestion and still without clearer direction signal.
Strong upside rejection on Tuesday continues to weigh and bearish…
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Aussie extends steep fall on strong risk-off mode
The Australian dollar extends steep fall into fourth straight day, driven by strong risk-off mode.
Weaker than expected Australian Q3 GDP, released on Wednesday; dovish shift in RBA expectations and narrowing Oct trade surplus, add to…
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Bearish bias but key 1.2661 support stays intact for now
Cable holds negative tone in early Thursday’s trading, after the action on Tue/Wed was strongly rejected in both directions and left two long-legged daily Doji candles, signaling strong indecision.
Negative momentum and repeated failures…
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