Oil stocks build harms positive sentiment; EIA report eyed for fresh signal
WTI oil maintains firm tone and holding above thickening daily cloud top on Wednesday, but the upside attempts were so far limited, following strong upside rejection at $70.40 on Tuesday.
Oil prices were initially boosted by news that…
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Aussie extends recovery on fresh risk-on mode
The pair holds in firm bullish mode for the third straight day and extends recovery leg from 0.7141(17 Sep trough) to probe through falling 30SMA (0.7244) and pressure key Fibo barrier at 0.7256 (61.8% of 0.7362/0.7085 descend).
Fresh…
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Cable stands at the front foot ahead of EU summit / UK CPI data
Cable stands at the front foot in early Wednesday’s trading and probes again above key barriers at 1.3162/63 (falling 100SMA / Fibo 61.8% of 1.3472/1.2661 descend, where the action in past two days faced strong headwinds.
Bullish techs…
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Risk of upside stall on trade war escalation and fresh risk aversion
The maintains bullish bias on Tuesday but gains were so far limited as the price fell quickly from new high at 112.27, posted in early Europe.
Expectations that China will retaliate to the newest US package of tariffs increases concerns of…
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Brent oil rallies after Saudi said ok for rise above $80
Brent oil accelerated strongly higher on Tuesday, bringing psychological $80 barrier in focus again (after last week’s attempt stalled at $80.10) after Saudi Arabia agreed with short-term price rise and said they are comfortable with Brent…
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Aussie maintains bullish bias and looks for break above falling 20SMA
The AUDUSD pair maintains bullish bias and looks for retest of last week’s recovery high at 0.7229, after bulls regained traction and rallied from Asian session low at 0.7144.
The Aussie reacted on the latest decision of the US to impose…
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Bull are taking a breather after initial attack at 100SMA failed
Cable ticked lower on Tuesday after attempts to extend previous day's rally faced headwinds from strong resistances at 1.3162/67 (Fibo 61.8% of 1.3472/1.2661 / falling 100SMA).
Bulls may take a breather, with consolidative / corrective…
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Bullish bias above 100SMA; further news from US-China trade conflict to provide fresh signals
The Euro remains steady and extended previous day's strong rally but gains stalled ticks ahead of last Friday's peak at 1.1721, but subsequent pullback on new US tariffs was contained by broken 100SMA (1.1669) which now acts as initial…
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USDJPY hits 2-month high on renewed risk appetite
The dollar accelerated higher in early European trading, extending bounce from Asian low at 111.66.
Fresh advance hit new two-month high at 112.27 and pressuring Fibo barrier at 112.37 (76.4% retracement of 113.17/109.77.
Announcement…
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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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