Bears are taking a breather after Tory showed loyalty to May
Modest recovery from new seven-week low at 1.2867 (Wednesday's low) hit high at 1.2919 in early Thursday's trading, with bears taking a breather after UK PM May received support from her party, despite dissonant tones that were coming…
Read More...
Read More...
Bears focus key supports at 1.1317/00; Draghi likely to repeat his mantra
The Euro consolidates above new nine-week low at 1.1378, posted after Wednesday's 0.7% fall, which generated strong bearish signal on break and close below 1.1432 base.
The single currency remains biased lower and sees risk of further…
Read More...
Read More...
Dow boosted by strong BA earnings but lacks momentum for stronger upside
Dow bounced from the session low at 25012 in pre-market trade on Wednesday, boosted by stronger than expected Boeing Q3 earnings.
The index was additionally boosted by upbeat report from Capital One and expectations for strong earnings…
Read More...
Read More...
Oil consolidates after nearly 5% fall on Tuesday; near-term outlook remains negative
WTI oil consolidates above two-month low at $65.73, posted on Tuesday, when oil price fell nearly 5% in the biggest one-day loss since 11 July.
Strong negative sentiment was additionally boosted by latest comments from Saudi Arabia's…
Read More...
Read More...
Directionless near-term mode between 10 and 20SMA’s
The pair holds within 30-pips range on Tuesday, supported by 10SMA (112.33) and showing indecision after recovery rally stalled after failure to sustain break above pivotal Fibo barrier at 112.74, but subsequent weakness was strongly…
Read More...
Read More...
Weak PMI data push Euro below 1.1432 base; ECB eyed for fresh signal
The Euro stands at the back foot and probing below 1.1432 base, pressured by weaker than expected German / EU PMI data (German Manufacturing Oct 52.3 vs 53.5 f/c / Services Oct 53.6 vs 55.5 f/c) ( EU Manufacturing Oct 52.1 vs 53.0 f/c /…
Read More...
Read More...
Bearish techs favor further downside but politics expected to be pound’s key driver
Cable holds within narrow range in early Wednesday's trading, after recovery attempts on Tuesday were strongly rejected, but downside was limited by daily cloud base.
Technical studies on daily chart are gaining fresh negative momentum and…
Read More...
Read More...
Initial signs of reversal
The pair holds in red on Tuesday, as risk aversion increased demand for safe haven assets and boosted Swiss franc.Reversal pattern is developing on daily chart, as fresh weakness emerges after triple-Doji signaled that larger bulls stall at…
Read More...
Read More...
Fresh bears probe below daily cloud as concerns about supply disruption ease
WTI oil price fell to five-week low at $68.08 on Tuesday, amid nervous market sentiment ahead of US sanctions against Iran start early Nov, as Saudi Arabia said it will keep markets supplied on supply shortage once Iran's exports stop.…
Read More...
Read More...
Bears are positioning for eventual break through 0.7040 base
The AUDUSD dipped to 0.7055 on Tuesday (the lowest since 11Oct), pressuring key supports at 0.7040 zone base.
Fresh risk aversion keeps Aussie at the back foot and risks eventual attack at 0.7040 base, as today's dip marked nearly full…
Read More...
Read More...