Dollar index probes above key resistance after upbeat private jobs data
The dollar index which track performance of the US dollar against the basket of major world currencies, hit new over sixteen-month high on Wednesday.
The greenback extended larger rally from September's base at 93.40 and probed above key…
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Bears hit six-week low on negative fundamentals
Copper fell to new six-week low at $2.6575 on Wednesday in extension of strong fall in past two days.
The metal price was down nearly 3% on Mon/Tue's bearish acceleration, sparked by fresh fears of escalation of US/China trade war as China…
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Bears are taking a breather ahead of key supports
WTI oil bounced to $66.98 on Wednesday after long-legged Doji on Tuesday signaled indecision.
Bears cracked key near-term support at $65.73 (23 Oct low) but failed to sustain break, showing nervousness ahead of start of US sanctions on…
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Bears are taking a breather ahead of key 1.2661 support; BoE / US NFP in focus
Cable bounces from new ten-week low at 1.2695 on Wednesday, consolidating after strong fall on Mon/Tue, with stronger recovery on profit-taking after nearly 3% monthly fall, not ruled out.
Overextended daily techs support scenario but so…
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Bears look for final break below key 1.1314/00 supports
The Euro retested last Friday’s low at 1.1335 on Wednesday but was far unable to break lower.
The pair is consolidating within narrow range above 1.1335, with near-term bias remaining with bears and eyeing key supports at 1.1314/00 (200WMA…
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Bulls may take a breather after post-BoJ rally shows signs of fatigue
The pair hit three-week high at 113.33 on Wednesday, in extension of strong rally in past two days, after BoJ kept its ultra-low rates unchanged but emphasized downside risk, with focus on the inflation.
The dollar gained over 1% against…
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Aussie dips after weak Australian / Chinese data and extends directionless mode
The Australian dollar holds in red in early Wednesday’s trading and reverses a part of previous day’s strong rally, pressured by weaker than expected Australian CPI data (inflation q/q was up 0.4% in Q3, missing forecast for 0.5% rise).…
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Turkish lira extends gains through key 1.5035/00 support; focus on coming data
The USDTRY pair holds in red and extends larger weakness from 6.8379 (30 Aug high) after recovery attempts were capped by the base of thick daily cloud, keeping the price within bear-channel.
Renewed investors’ confidence after CBRT’s…
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Bearish bias below 200SMA
WTI contract stands at the back foot on Tuesday, after recovery attempts were repeatedly capped by 200SMA ($67.50) and Monday’s pullback and close in red weakened near-term structure.
Persisting concerns that US / China trade conflict…
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Lift above converged 10/20SMA’s needed to signal break out of six-day congestion
The Australian dollar trades at the upper side of the range that extends into sixth straight day on Tuesday, boosted by advance in China’s stocks.
Optimistic tones that US and China could reach a deal on next month’s G20 meeting…
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