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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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...