Weekly close above 200WMA to open way towards 114.74; consolidation to precede
The dollar hit new nine-month high against yen at 113.64 in Asian session on Friday, in extension of 0.58% advance previous day.
Hawkish Fed and upbeat US data boosted the greenback, which generated strong bullish signal on Thursday's…
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Turkish lira maintains bullish near-term tone and eyes key support at 5.6875
Turkish lira extends gains vs the US dollar and hit the highest levels in six weeks on Thursday. Recent action of Turkish central bank which rose interest rates by unexpected 625 basis points, started to give stronger results. Investors…
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Downside pressure increases after hawkish Fed / upbeat US data
Spot Gold holds in red for the second consecutive day and broke below psychological $1200 support on Thursday.
As expected, US interest rate change sensitive gold reacted negatively after Fed announced the third rate hike this year on…
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Bulls return above 113 as strong US GDP adds to dollar’s bullish outlook after hawkish Fed
Bounce from daily low at 112.56, posted in early Europe, accelerated after upbeat US data and probes again above 113.00, for renewed attack at key 113.17/30 barriers (19 July high / Fibo 61.8% of 118.66/104.63 descend, reinforced by weekly…
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Stronger dollar after Fed increases pressure on metal’s price
Copper holds in red for the fourth straight day and hit one-week low at $2.7815 in extension of pullback from $2.8695/55 double-top, after bulls repeatedly failed to close above cracked Fibo barrier at $2.8425 (38.2% of $3.3140/$2.5510) and…
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Concerns of impact from sanctions on Iran offset negative impact from build of crude inventories
WTI oil regained traction and bounced to $72.58 on Thursday, as persisting fears on tighter oil markets on upcoming US sanctions on Iran offset negative impact from rise in crude stocks.
EIA report on Wednesday showed a build of 1.85…
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Aussie dips further after strong rejection above key 55SMA barrier
The Aussie dollar accelerated lower on Thursday after spiking to new one month high at 0.7314 immediately after Fed on Wednesday.
Probe above kay barrier at 0.7304 (falling 55SMA) was short-lived, with Wednesday's action ending in daily…
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Corrective easing needs to hold above 10SMA to keep bulls intact
The pair eases further on Thursday, following previous day's close in red after bulls stalled ticks ahead of key barrier at 113.17 (19 July high).
Formation of bearish outside day was negative signal for deeper pullback, despite positive…
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Post-Fed weakness risks test of key support at 1.3054
Cable accelerated lower in early Thursday's trading as hawkish Fed inflated dollar and put its major counterparts under pressure.
Near-term structure weakened after recovery of last Friday's strong fall stalled at 1.3217 on Wednesday, and…
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Signal of deeper pullback on extension below 10SMA
The Euro holds in red on Thursday and dips to one-week low at 1.1690, as hawkish Fed boosted the greenback.
As expected, the Fed raised interest rates by 0.25% but also removed the word accommodative from its policy statement, signaling…
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