Copper rebounds on weaker dollar after US election; Bear-channel resistance line marks key obstacle
Copper bounced from $2.7235 low posted after strong two-day losses, when metal price fell over 3%.
Results of US midterm elections sent dollar lower across the board and boosted the metal price
Fresh recovery emerged above daily cloud…
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Bears take a breather on news of output cut in 2019; strong build in crude stocks weighs
WTI oil trades higher on Wednesday and holding in green for the first time since 26 Oct, when steep bear-leg commenced.
Reports that Russia and Saudi Arabia are discussing cuts in oil production in 2019 gave bears a breather, but recovery…
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Fresh bullish signal on extension above daily cloud
The Australian dollar advance further on Wednesday, extending steep recovery rally from 0.7020 (26 Oct spike low) and generates bullish signal on break above pivots at 0.7265/74 (100SMA / daily cloud top).Bulls were additionally boosted by…
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Pullback from one-month high seen as positioning for fresh advance
The pair dipped below 113 handle in early Europe, retesting Asian low in overnight's roller-coaster ride which started after the announcement of US midterm elections.
The pair spiked to one-month high at 113.81 on acceleration from session…
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Sterling at three-week high as Brexit-optimism and fresh dollar’s weakness underpin
Cable continues to trend higher, driven by strong Brexit optimism, with additional boost from weaker dollar from US election split.
Sterling hit new three-week high in early European session on Wednesday, in extension of strong…
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The Euro rallies after split US election results weaken the greenback
The Euro holds positive tone and probes above upper boundary of overnight’s 1.1472/1.1394 range at the beginning of European session on Wednesday, following bumpy ride in Asia on announcement of results of US midterm election.
The single…
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Sentiment remains positive despite unchanged RBA; fresh advance faces headwinds from falling daily…
The Australian dollar stands at the front foot and attacks daily cloud base (0.7241) in extension of Monday’s rally.
Bulls regained traction in European session after mild reaction on RBA in Asian trading, when the pair traded within…
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Bulls continue to face strong headwinds from key 113.33 barrier
The pair holds positive tone and attacked again key barrier at 113.33 Fibo (61.8% of 114.54/111.37), following repeated failure here.
Fresh attempt higher posted new one-month high at 113.44 in early European trading on Tuesday (similar to…
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Bulls return to power on renewed Brexit optimism and look for break above daily cloud
Cable rallied in early Tuesday's trading and hit new two-week high at 1.3085, on rising optimism for Brexit deal, after media report showed that the EU is preparing to offer compromise proposal on Irish border, which proved to be the major…
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Repeated upside rejections keep the downside at risk; EU data and US midterm elections in focus for…
The Euro stands at the front foot and attacks again double-Fibo barrier at 1.1423 (23.6% of 1.1815/1.1302 and 38.2% of 1.1621/1.1302), after triple failure to close above here.Monday's bullish outside day, along with strong downside…
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