Extension of Wed’s strong fall eyes daily cloud base
WTI oil holds firm negative tone on Thursday and extends previous day's strong losses, when crude was down 3%.
Stronger than expected build in US crude inventories (6.49 mln bls vs expected 1.6 mln bls build) sparked strong bearish…
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Aussie bounces from dangerous zone but faces strong obstacles
The Aussie dollar regained traction and bounced from lows at 0.7105 (Wed / today), reversing a part of previous day's losses, after the greenback accelerated on hawkish Fed.
Strong unemployment data, released in early Asian trading (Sep…
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Recovery faces strong headwinds at 112.74 Fibo barrier; risk of reversal exists
Two-day recovery from new one-month low at 111.62, boosted by reduced safe-haven demand and signals that Fed would continue to hike interest rates, faced strong resistance at pivotal 112.74 barrier (Fibo 38.2% retracement of steep…
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Strong bearish signals on close below daily cloud / Fibos for test of key 1.1432 support; cloud base…
The Euro extended weakness to new one-week low at 1.1418 in early European trading on Thursday but bears face headwinds from nearby target at 1.1476 (Fibo 76.4% of 1.1432/1.1621 upleg).
Strong fall on Wednesday (the biggest one-day loss in…
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Extended weakness eyes daily cloud top; UK retail sales / Brexit talks in focus
Cable holds in red for the second consecutive day and extends previous day's 0.51% fall, driven by UK inflation miss and weakness of the Euro.
In addition, hawkish tone from minutes of Fed's Sep meeting, which confirmed that the central…
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Oil prices fell sharply after stronger than expected crude inventories build
WTI oil fell over $1 and broke below psychological $70 support after EIA crude stocks report showed unexpected build of US crude inventories last week.
Crude stocks rose 6.49 million barrels, compared to previous week’s build of 5.89…
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Sterling falls on inflation miss, weaker Euro
Cable stands at the back foot in early American trading on Wednesday and holding near session low at 1.3099.
Weaker than expected UK inflation numbers in Sep brought pound under pressure in Europe, with fresh weakness of Euro pulling…
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Rise in Italian bonds pushes Euro below daily cloud
The Euro fell to one-week low at 1.1526 on Wednesday, driven by rise in Italian bonds.
Fresh bearish acceleration returned below daily cloud, adding to negative outlook as Tuesday’s candle with long upper shadow, which signaled strong…
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Probe below key 5.6875 support could be strong bearish signal on sustained break
The USDTRY pair holds in narrow consolidation on Wednesday, after 8 straight days in red, which resulted in break below key supports at 5.8097 (daily cloud base) and 5.6875 (16 Aug low of pullback from new all-time high).
Violation of…
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Bulls struggle at 100SMA; FOMC minutes eyed for fresh signal
Spot Gold holds positive tone in early Wednesday, despite firmer dollar and reduced safe-haven demand, in renewed attempts through falling 100SMA ($1226).
Upside attempts in past two days failed to sustain probes above 100SMA, as double…
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