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…
Read More...
Read More...
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…
Read More...
Read More...
Brent hits new four-year high in strong bullish environment
Brent oil maintains firm tone on Tuesday and hit new four-year high at $82.18, in extension of strong rally on Monday.
Strong bullish sentiment is boosted by fears on impact from looming US sanctions against Iran as well as OPEC's…
Read More...
Read More...
Aussie comes under pressure on renewed trade war concerns
The Aussie dollar stands at the back foot on Tuesday and extends pullback from 0.7304 (21 Sep high).
Renewed US/China trade tensions and lower copper price weigh on Aussie, with fresh weakness pressuring pivotal supports at 0.7224/20…
Read More...
Read More...
Constructive above daily cloud but the downside remains vulnerable while 100SMA limits recovery
Cable remains constructive on Tuesday and looks for repeated attack at converged 5/100SMA's (1.3147), which capped Monday's recovery attempts.
Immediate risk after Friday's sharp fall has been repeatedly contained by top of thick daily…
Read More...
Read More...
Repeated failure to clear 1.1780/1.1800 pivots keeps risk of pullback in play
The Euro holds within narrow range in early Tuesday's trading, following another upside rejection at 1.1800 zone on Tuesday, after the pair was boosted by hawkish comments from ECB's chief Draghi regarding inflation, but initial optimism…
Read More...
Read More...
Bulls look for test of key 113.17/30 resistance zone; FOMC in focus
The dollar extended advance against yen and hit new over two-month high on Tuesday. Extension of Monday's strong rally, which neutralized risk of pullback after bulls were rejected at 112.87 last Friday, pressures psychological 113.00…
Read More...
Read More...
Euro bounces above 1.18 after hawkish Draghi
The Euro retested 1.1800 barrier on fresh acceleration higher after hawkish remarks from ECB President Draghi.
Bounce from session low at 1.1724, posted in early Europe, cracked Friday's high at 1.1802 (the highest since 14 June)…
Read More...
Read More...
Brent hits highest levels since Nov 2014
Brent oil hit new nearly four-year high at $80.93 on Monday, after fresh bullish acceleration through psychological $80 barrier broke above former high at $80.48 (17 May).
Renewed bullish sentiment after Saudi Arabia said it is comfortable…
Read More...
Read More...
WTI surges to 2 ½ month high on rising concerns over Iran sanctions
WTI oil opened with gap-higher on Monday and rallied strongly, hitting new high at $72.36 (the highest since 11 July) driven by concerns about upcoming US sanctions on Iran, which already caused a fall in Iran’s oil export.
Tightening…
Read More...
Read More...