Lira firms after unchanged CBRT
The Turkish lira firmed on Thursday after the CBRT left interest rates unchanged at 24%, as expected.
The USDTRY pair holds in red for the second straight day after corrective action from new 10-week low at 5.5182 (18 Oct) stalled at…
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Broken 200SMA caps recovery for now
WTI oil holds steady on Thursday and attempts higher again after recovery was rejected at $67.70, after short-lived probe above strong barrier at $ $67.44 (200SMA) on Wednesday.
Wednesday's daily candle with long upper shadow was negative…
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Bears could be further delayed while 0.7055 support holds
The Aussie dollar bounces after repeated rejection at strong 0.7055 support today, as downside attempts in past two days stalled here.
Momentum broke into positive territory and slow stochastic is about to reverse from oversold zone,…
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Risk of reversal after bears failed at key supports
The pair extended weakness to 111.81 on Thursday, as yen benefited from recent risk aversion, but probe through key supports at 111.96 (rising 55SMA / trendline support) were so far short-lived, despite magnetic daily cloud twist (111.47).…
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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…
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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…
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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…
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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…
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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…
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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 /…
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