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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Bulls are taking a breather under Fibo barrier at 72.77; crude stocks report eyed for fresh signal
WTI oil eased from new 2 ½ month high at $72.79 on comment from US President about high oil prices and unexpected build in US crude stocks.
Bulls faced strong headwinds after Trump's message, with API report on Tuesday showing crude stocks…
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Risk of reversal on multiple upside failure
The Euro holds at familiar levels and within triangular directionless range, with negative signals growing after four consecutive failures to close above cracked pivot at 1.1780 (Fibo 38.2% of 1.2555/1.1300 descend).
Adding to negative…
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Bulls consolidate after cracking 113 barrier; Fed in focus
The dollar dipped to 112.75 in early European trading on Wednesday after eventually cracking psychological 113 barrier in Asia.
Overall bullish structure favors further upside and final attack at key barriers at 113.17 (19 July high) and…
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Gold edges higher after repeated downside rejection; FOMC in focus
Spot Gold moved higher on Tuesday and probes above $1200 barrier, after the action in two previous days failed to clearly break below base of thick daily cloud ($1195).
The yellow metal price holds within daily cloud for the third straight…
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Euro holds near-term bullish bias but needs close above 1.1780/1.1800 to signal continuation
The Euro stands at the front foot in early American session on Tuesday and probes again above cracked Fibo barrier at 1.1780 (38.2% of 1.2555/1.1300).
Recent attempts higher registered thre consecutive failures to clearly break this…
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USDTRY moves further down on easing US/Turkey political tensions
Turkish lira is regaining traction on hopes of solution of current political dispute between Turkey and the US over imprisoned US pastor.
The USDTRY pair holds in red for the second straight day and pressures important support at 6.0420…
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Bulls are losing traction on renewed concerns over US/China trade conflict
Copper price eased to $2.7880 on Tuesday after double upside rejection at $2.8695/55, where bullish acceleration was capped by falling 100SMA.
Copper was boosted by fading fears about an escalation of trade conflict between US and China…
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