Sterling falls on inflation miss, weaker Euro
Cable stands at the back foot in early American trading on Wednesday and holding near session low at 1.3099.
Weaker than expected UK inflation numbers in Sep brought pound under pressure in Europe, with fresh weakness of Euro pulling…
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Rise in Italian bonds pushes Euro below daily cloud
The Euro fell to one-week low at 1.1526 on Wednesday, driven by rise in Italian bonds.
Fresh bearish acceleration returned below daily cloud, adding to negative outlook as Tuesday’s candle with long upper shadow, which signaled strong…
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Probe below key 5.6875 support could be strong bearish signal on sustained break
The USDTRY pair holds in narrow consolidation on Wednesday, after 8 straight days in red, which resulted in break below key supports at 5.8097 (daily cloud base) and 5.6875 (16 Aug low of pullback from new all-time high).
Violation of…
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Bulls struggle at 100SMA; FOMC minutes eyed for fresh signal
Spot Gold holds positive tone in early Wednesday, despite firmer dollar and reduced safe-haven demand, in renewed attempts through falling 100SMA ($1226).
Upside attempts in past two days failed to sustain probes above 100SMA, as double…
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Mixed techs lack direction signal; news and data eyed for fresh signals
WTI oil is holding around $72 per barrel in European morning trading and keeps overall positive near-term tone, underpinned by surprise draw in US inventories and political crisis over missing Saudi journalist.
Oil price holds in recovery…
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Extended recovery faces strong barriers at 0.7164/77 (20SMA / daily Kijun-sen)
The Aussie dollar holds positive tone and extends recovery above pivotal barrier at 0.7146 (Fibo 38.2% of 0.7314/0.7041) on Wednesday.
Positive tone in Asian stock markets supported Aussie’s recovery which eyes next strong barrier at…
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Bullish outside day signals recovery but strong barriers ahead are key
The dollar holds firm tone on Wednesday and extends strong recovery of the previous day.
Strong Wall St earnings and industrial production boosted dollar, pressuring yen on reduced safe-haven demand.
Tuesday’s bullish Outside…
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Strong upside rejection risks deeper fall; daily cloud base is key
The Euro stands at the back foot in early Wednesday’s trading and holds within daily cloud after spike to 1.1547 (Asian session low) already tested cloud base.
Tuesday’s daily candle with long upper shadow showed strong upside rejection…
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Tight range ahead of UK CPI data; Brexit talks remain top event; FOMC minutes also in focus
Early Wednesday's action is holding within 30-pips range and below Tuesday's spike high at 1.3235, awaiting fresh signals after previous day's rally on better than expected UK earnings data stalled.Brexit talks remain pound's top driver…
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Euro rises as higher Wall St depresses dollar
The Euro rose to two-week high at 1.1621 in early US trading, as dollar fell across the board on upbeat US earnings reports which inflated stocks.
Stronger than expected US industrial production in Sep (0.3% m/m vs 0.2% f/c) did little to…
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