Bullish outside day signals recovery but strong barriers ahead are key
The dollar holds firm tone on Wednesday and extends strong recovery of the previous day.
Strong Wall St earnings and industrial production boosted dollar, pressuring yen on reduced safe-haven demand.
Tuesday’s bullish Outside…
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Strong upside rejection risks deeper fall; daily cloud base is key
The Euro stands at the back foot in early Wednesday’s trading and holds within daily cloud after spike to 1.1547 (Asian session low) already tested cloud base.
Tuesday’s daily candle with long upper shadow showed strong upside rejection…
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Tight range ahead of UK CPI data; Brexit talks remain top event; FOMC minutes also in focus
Early Wednesday's action is holding within 30-pips range and below Tuesday's spike high at 1.3235, awaiting fresh signals after previous day's rally on better than expected UK earnings data stalled.Brexit talks remain pound's top driver…
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Euro rises as higher Wall St depresses dollar
The Euro rose to two-week high at 1.1621 in early US trading, as dollar fell across the board on upbeat US earnings reports which inflated stocks.
Stronger than expected US industrial production in Sep (0.3% m/m vs 0.2% f/c) did little to…
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Strong bullish sentiment on upbeat UK earnings, positive Brexit news
Cable holds firm tone ahead of US session on Monday and hit new high at 1.3230.
Extension of two-day recovery from Monday's low at 1.3083 (posted after Brexit talks stalled over the weekend) showed 147-pips advance and is establishing…
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Fresh weakness was sparked by strong UK and weak German data
The cross accelerated lower on Tuesday as pound rallied on strong earnings data and Euro came under increased pressure on German ZEW miss.
Fresh bears dipped to 0.8754, marking over 61.8% retracement of 0.8723/0.8825 recovery leg…
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Oil prices stand at the back foot ahead of crude inventories reports
WTI oil was lower on Tuesday after recovery attempts previous day stalled and daily action ended in long-legged Doji, signaling strong indecision.
The prices came under pressure on report that production of US shale oil hit record high and…
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Downbeat ZEW data softened near-term tone
The Euro eased and probed through daily cloud top (1.1570) after disappointing ZEW data.
German economic sentiment weakened on fall well below expectations as Oct release at -24.7 (the lowest since July) strongly undershot forecast at…
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Correction on oversold studies to precede fresh weakness
The pair bounces from one-month low on Tuesday, as selloff in global stock markets eased, reducing safe-haven demand.
Japanese yen advanced in past two weeks on strong fall in stock markets as well as uncertainty over US/China trade war,…
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Constructive above daily cloud but strong barriers ahead limit advance; ZEW data in focus
The Euro tracks sterling and moved higher in early European session, after narrow range in Asia, with daily cloud top offering solid support (1.1569) and keeping the downside protected.
Conflicting daily techs send mixed signals, as break…
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