GBPUSD – recovery above daily cloud likely to be limited
Cable started to gain traction and edged higher on Wednesday morning, after the latest drop penetrated rising daily cloud (cloud top at 1.2702) but found firm ground at 1.2682 (100DMA) where dips were repeatedly rejected.
Subsequent rise…
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EURCHF bounces from multi-year low on fresh risk appetite / SNB intervention talks
EURCHF edged higher in early trading on Wednesday on s=initial signals that risk appetite is gaining traction.
The pair from new multi-year low after being hit by surge in risk aversion in past few days, sparked by worsening economic and…
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Reserve Bank of Australia keeps rates unchanged and points on persisting inflation risk
Reserve Bank of Australia kept rates unchanged on policy meeting on Tuesday and ruled out the possibility of an interest rate cut this year.
The RBA held rates at a 12-year high of 4.35% for a sixth straight meeting and policymakers…
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WTI Oil remains under pressure as growing demand concerns offset supply fears
WTI oil price came under pressure from fresh demand concerns on the latest talks that the US economy might enter recession, as disappointing US economic data point to such scenario, offsetting calming tones from US official that the economy…
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Gold dips 3% today but larger bulls remain firmly in play
Gold fell almost 3% on Monday, but drop was mainly result of increased volatility in the market, as trades liquidated profitable positions on gold to get extra money to cover shortages on margin calls from losses in the stock markets.…
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EURGBP – overbought conditions warn of correction of steep three-day rally
EURGBP – strong three day rally (the cross was up 2.1%) started to lose traction after hitting fresh high of nearly three months on Monday (0.8596).
Overbought daily studies warn of partial profit taking following steep ascend, which…
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BTCUSD collapses on Monday on fresh US recession fears / worsening geopolitics
BTCUSD accelerated sharply lower in Asian session on Monday (down 10.7%) and broke below psychological 50K level for the first time since mid-February, to hit new multi-month low.
Growing fears that US recession could on the horizon,…
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USDJPY falls to 8-month low, eyes key 140 support zone
USDJPY fell sharply overnight, hitting the lowest since early January, extending steep bear-leg off 155.21 lower top into fifth consecutive day.
The pair was down 3.3% in Asian session on Monday, remaining under increased pressure after…
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EURUSD surges on much weaker than expected US NFP numbers
EURUSD bounced sharply on Friday, with fresh strength being boosted by downbeat US labor data.
The pair was up 1.2% for the day (the biggest one-day rally since March 2016) and about to fully retrace the bear-leg of past two weeks…
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US jobs grew well below expectations in July – NFP
The recent US job growth data for July presents a concerning picture of the labor market, with nonfarm payrolls increasing by only 114,000 jobs, significantly below economists' expectations of 176,000. This follows a downwardly revised…
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