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…
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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…
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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.…
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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…
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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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