Bullish signal on break above daily cloud; next key barriers at 1.3162/72 come under pressure
Cable accelerated higher on Monday and eventually broke above top of thickening daily cloud, to hit new high at 1.3156 on Monday (the highest since 31 July).
Weaker dollar and reports on progress in discussion over Irish border, one of key…
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Euro generates bullish signal on bounce above falling 100SMA
The Euro regained traction and entered Monday's US session in firm tone and retraced the largest part of Friday's fall, bringing bulls back to play.
The dollar fell in expectations of news about US - China trade conflict, as US President…
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Fresh recovery above converged MA’s sidelines downside risk
WTI oil price ticks higher on Monday, supported by renewed concerns about US/China trade conflict and persisting concerns about the impact of sanctions on Iran.
On the other side, rise in global supply weighs on oil prices, as report on…
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Aussie attempts to recover Friday’s losses; US/China trade conflict is key driver
The Aussie dollar attempts to regain traction after dipping on Friday, which ended day in red.
Concerns about an escalation of US/China trade conflict may weigh on near-term risk, with further news eyed for fresh direction signals.…
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Bulls eye Fibo barrier at 112.37 but consolidation may precede rally
The pair holds in red in early European trading, following quiet Asian session as Tokyo was closed for holiday.
Bulls hit new recovery high at 112.16 on Friday (the highest in two months), in extension of strong bullish acceleration on…
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Bulls consolidate after failure at cloud top; positive outlook above 1.3000 support zone
Cable trades within thickening daily cloud on Monday, after Friday's action was capped by cloud top (1.3143).
Subsequent pullback and Friday's close in red, so far did not harm larger bulls, as Monday's action holds in green for now and…
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Euro stands at the back foot after Friday’s sell-off; US/China trade tensions seen as key…
The Euro holds within narrow range in early Monday's trading, consolidating last Friday's strong losses, as the single currency was sold on rising US-China trade tensions that inflated dollar.
Friday's action created bearish engulfing and…
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Bulls look for close above broken 111.87 Fibo barrier to signal continuation
The dollar remains steady despite weaker than expected US retail sales (Aug m/m 0.1% vs 0.4% f/c / core Aug m/m 0.3% vs 0.5% f/c), as upward-revised data from July signal solid growth in Q3.
The USDJPY pair retested daily high at 112.07,…
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Sterling falls on news that UK Labor party would vote against PM May’s Brexit deals
Sterling fell across the board in mid-European session trading after announcement that Britain's Labor party will vote against any Brexit deal reached by PM Theresa May.
Labor party expects that their decision would result in no viable…
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Bears need close below $68.53 Fibo support to signal continuation
WTI oil holds within narrow consolidation above $68.34 low, posted after strong 2% fall previous day.
Oil prices came under increased pressure after report showed global oil inventories rose to their record, which temporarily offsets…
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