Fresh safe haven demand boosts yen and undermines recovery action
The pair was sharply down in Asia / early Europe on Tuesday, losing around 0.4% as yen benefited on renewed safe-haven demand.
Fresh weakness sidelined hopes of recovery extension after Monday's action eventually closed above pivotal…
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Key supports under strong pressure but bears lack momentum for eventual break
The Euro holds bearish near-term bias and pressuring key supports at 1.1432 (09 / 19 Oct lows) on Tuesday, following bearish close on Monday after recovery attempts were capped by daily cloud base (1.1545).
Near-term sentiment is weighed…
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Bears are taking a breather before attacking key supports as politics / bearish techs weigh
Cable hit new three-week low at 1.2936 in early European trading on Tuesday, in extension of Tuesday's 0.9% fall (the biggest daily loss in October).
Politics remain pound's key driver, as reports suggest that Brexit talks stalled, and UK…
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Penetration of daily cloud could risk deeper fall
Cable fell deeply into daily cloud and hit the lowest since 04 Oct, after rising Brexit fears sparked fresh bearish acceleration through pivotal 1.30 support zone.
Disagreement over Brexit within the UK ruling party and the issue with…
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Fresh rally on strong fundamentals struggles to clear falling 100SMA barrier
Copper maintains firm tone and advances for the second day, hitting one-week high at $2.8325 on Monday.The metal price rallied on rising expectations of stronger demand from world's top consumer China.Bounce from $2.7250 zone, where 55SMA…
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Cable falls near last week lows on fresh Brexit concerns
Cable almost fully reversed recovery from last Friday's low at 1.3011, which stalled at 1.3090, as pound came under renewed pressure on concerns about Brexit.
Sterling fell to session low at 1.3020 before UK PM May addresses the…
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Risk of reversal while falling 100SMA caps
Dollar's slight bullish bias keeps gold price at the back foot on Monday.
The yellow metal holds within multi-day congestion after several attempts above falling 100SMA (currently at $1224) failed to sustain break, but risk of reversal…
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Limited recovery keeps the downside vulnerable
WTI oil price stands at the front foot in early Monday's trading, following Friday's bounce from daily cloud base, where bears were repeatedly rejected, but recovery attempts struggle at daily cloud top ($69.61) and were so far unable to…
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Eventual break above Fibo barrier at 112.74 to signal fresh recovery
The pair starts week in positive mode and cracked pivotal barrier at 112.74 (Fibo 38.2% of 114.54/111.62 bear-leg) after last week's repeated failures here.
Reduced safe-haven demand keeps yen at the back foot, with bullishly aligned…
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Break above 1.31 zone to signal recovery extension; Brexit remains key event for pound
Cable maintains positive tone at the beginning of the week, following last Thu/Fri strong downside rejection at daily cloud top (1.3012) and subsequent bounce.
Bulls attack again strong resistance zone between 1.3087 and 1.3103…
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