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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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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