Lira falls after Turkey court decision but keeps bullish bias
Turkish lira fell around 1.5% against dollar after news that Turkey’s court released US pastor from prison.
This scenario was widely expected, and market reaction was on ‘buy rumor – sell fact’ mode as lira rose to the highest since…
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Fresh risk appetite pushes Euro back into daily cloud
The Euro enters American session in negative mode and returned into daily cloud after failing to hold gains above daily cloud top / 55SMA (1.1574/90) and stalled on approach to converged 20/30SMA's at 1.1615, as trong EU industrial…
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Pound eases on profit-taking / Brexit news
Cable dipped to session low at 1.3206, trimming some gains, as traders booked profits after three-day rally.
Also, comments from PM May about customs union which is a big issue in divorce talks, weighed, as
pound last sharp fall on 21 Sep…
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Bulls pressure falling weekly cloud as positive fundamentals continue to underpin
Sugar price probes again above psychological $13.00 barrier on Friday (following short-lived spike to $13.11 on 10Oct) signaling continuation of strong three-week uptrend.
Fresh strength emerges after consolidation in past two days and…
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Bears are taking a breather; downside remains vulnerable while 20SMA caps recovery
Brent price moved higher on Friday after strong fall in past two days, when the contract registered losses of 5.4%, on strong fall in equity markets, as well as fading supply concerns.
Stronger than expected rise in US crude…
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Break above 0.7146 Fibo barrier needed to signal reversal
The Aussie is consolidating in early Friday's trading, following previous day's strong rally when Australian dollar advanced 1%, as the greenback fell further after weaker than expected US CPI data.
Fresh bullish acceleration retested…
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Bears found footstep but recovery attempts were so far limited
The pair moved higher in early Friday's trading and holding in green for the first time after six-day steep fall.
Bears found footstep at 111.97 Fibo support (61.8% of 110.38/114.54) which was cracked on Thursday but without clear break…
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Positive Brexit news keep sterling supported for eventual attack at strong 1.33 resistance zone
Cable continues to trend higher and hit new high at 1.3257, the highest since 21 Sep, on track for final attack at 1.33 zone barriers (1.3298 was high of 20Sep and 1.3316 is Fibo 38.2% of larger 1.4376/1.2661 Apr/Aug fall).
Positive tone…
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Bulls look for test of converged 20/30SMA’s; broken daily cloud underpins
The Euro holds positive tone in early Friday's trading and consolidating above daily cloud, following Thursday's strong rally which resulted in break and close above cloud.
The single currency was up 0.65% on Thursday (the biggest one-day…
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Lira enjoys support from weaker dollar but politics are likely to be the main driver again
Turkish lira maintains positive stance against US dollar in past couple of session and managed to retrace over 76.4% of 5.9053/6.2286 upleg on fresh extension lower on Thursday to one-week high at 5.9485.
Weaker dollar on Wednesday’s US…
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