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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Sterling firm after weaker than expected US CPI; ignores negative news regarding Brexit
Cable jumped to new three-week high at 1.3246 after US CPI miss on Thursday added to bullish sentiment over Brexit.
The pair broke above Fibo barrier at 1.3209 (76.4% of 1.3297/1.2922), opening way towards 1.3300 zone (1.3297 - 20Sep high…
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Euro jumped on initial reaction on US CPI miss but daily cloud is still strong obstacle
The Euro extended higher and broke above pivotal barriers at 1.1574/78 (daily cloud top / Fibo 38.2% of 1.1815/1.1432 descend) as dollar was hit by US CPI miss.
US inflation rose less than expected in September and fell below expectations…
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Bearish sentiment favors further downside; crude inventories report eyed for signal
Brent price holds in red for the second day and hit two-week low at $81.13 on Thursday.
Strong fall in US stocks affected oil prices, already pressured by rising fears of the impact of Hurricane Michael, the strongest storm that hit the US…
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Extended sideways mode between 0.7042 base and falling 10SMA
The Aussie dollar holds within congestion above multiple lows 0.7042, where temporary base has formed, with limited upside, capped by falling 10SMA, keeping the pair in the range.
Wednesday's steep fall reversed gains of previous two days…
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Bears consolidate above strong Fibo support at 111.97, awaiting fresh signal from US CPI data
Dollar's steep six-day fall found footstep at important Fibo support at 111.97 (61.8% of 110.38/114.54 rally).The pair is consolidating above new three-week low on Thursday, after the greenback suffered the biggest one-day losses since 06…
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Bulls eye key 1.3297 barrier but consolidation could precede
Cable extended above 1.3200/09 barriers (round-figure / Fibo 76.4% of 1.3297/1.2922 descend) and hit new high at 1.3244 (the highest since 21 Sep) on Thursday.
Weaker dollar and bullish sentiment on positive Brexit news, added to bullish…
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Risk of recovery stall would increase on failure to clearly break above daily cloud
The Euro continues to benefit from weaker dollar, pressured by fall of US stocks which had the worst performance in almost eight months.
Extension of recovery from Tuesday's spike low at 1.1432 penetrated daily cloud and dented cloud top…
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Fresh weakness pressures important Fibo support at $73.05
WTI oil accelerated lower in early US trading on Wednesday and hit session low at $73.40. Fresh weakness in the Wall Street pushed oil prices lower, with traders looking for the impact of Hurricane which hit the Gulf of Mexico.
With…
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