Pullback found footstep but limited upside prospect seen on weak daily techs
The Euro extended weakness in early Monday's trading, following Friday's close in red, but dip found footstep at 1.1538 (just below daily cloud base / Fibo 38.2% of 1.1432/1.1610 upleg).Profit-taking after strong rally last Wed/Thu was so…
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Fresh recovery looks for break through Fibo barrier at 0.7145
The Aussie dollar holds positive tone on Monday and accelerated higher in European trading, on positive signals from China and weaker greenback.Fresh rally pressures pivotal barrier at 0.7145 (Fibo 38.2% of 0.7314/0.7041 bear-leg), break of…
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Yen continues to rise on strong safe-haven demand
The pair accelerated lower on Monday, extending last week's fall, which marked the biggest weekly loss since the second week of February.
Fresh weakness emerges after consolidation of last Thu/Fri, shaped in double long-legged Doji.…
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Focus turns lower after Monday’s gap-lower opening on negative Brexit news
Cable opened with gap-lower at the beginning of the week, holding negative tone following last Friday’s bearish close with 0.57% daily loss.
Sterling came under increased pressure as British efforts to secure Brexit deal failed on talks…
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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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