Aussie is looking for close above 0.72 pivot to signal recovery extension
The Aussie dollar remains steady on Friday and probes again above 0.72 pivotal barrier after spike to 0.7229 on Thursday.
Fresh positive sentiment was boosted by solid Chinese IP and retail sales data, with improving near-term outlook on…
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Bulls eye targets at 112.15/37 but may take a breather on pre-weekend profit-taking
The pair eases from new six-week high at 112.07 on Friday, consolidating strong rally of 0.61% previous day, when strong bullish signals were generated on break and close above daily cloud top 111.58) and key Fibo barrier at 111.87 (61.8%…
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Bulls probe above daily cloud and focus Fibo / 100SMA bariers at 1.3162/77
Cable remains firm and extends higher after strong rally on Wednesday, pressuring top of falling daily cloud (1.3145) and focusing key barriers at 1.3162/79 (Fibo 61.8% of 1.2472/1.2661 descend / falling 100SMA).
Sterling showed little…
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Probe through 1.1700 opens way towards key Fibo barrier at 1.1780
The Euro cracked psychological 1.17 barrier on Friday, in extension of previous day's strong rally.
The single currency was up 0.56% on Thursday, after the ECB kept rates unchanged, staying on track to end the QE this year and raise…
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Oil price accelerates lower as global inventories hit record
WTI oil fell sharply and hit session low at $68.36, coming under pressure after monthly report from International Energy Agency showed surge in OPEC production, with global oil inventories hitting record high.
Global supplies reached…
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Cable penetrates daily cloud on fresh bullish acceleration after BoE / downbeat US data
Cable rallied into falling daily cloud, pulled higher by weaker dollar on disappointing US data. Fresh bullish acceleration neutralized downside risk seen after double long-legged Doji candles on Tue/Wed, keeping in play broader bulls from…
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Euro surges on post-ECB comments / weaker than expected US CPI data
The Euro accelerated higher and eventually broke above multiple upside rejections at 1.1650 and extended gains above top of thin daily cloud.
Fresh rally was sparked by comments from the ECB chief Draghi in post-policy meeting press…
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Turkish lira at front foot after CBRT surprise 625bps rate hike but overall picture remains bearish
Turkish lira rose to new 2 ½ week high against the dollar after Turkey's central bank surprised on higher than expected rate hike on today's monetary policy meeting.
The CBRT increased one-week repo rate to 24% on 625 basis points hike,…
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Recovery extension cracks key barriers at 0.7200 zone, helped by strong Australian data / signals of…
Recovery from new 2 ½ year low at 0.7085 picks up and extends on Thursday, following previous day's strong bullish acceleration.
Strong Australian jobs data in August, released overnight, helped fresh bulls to break above initial barrier…
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Bulls regain traction and look for renewed attack at daily cloud top
Near-term action holds in the upper part of thick daily cloud on Thursday and heads towards cloud top (111.58) after repeated rejection here and subsequent dip on Wednesday.
Bullishly aligned daily techs maintain bullish bias, but cloud…
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