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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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,…
Read More...
Read More...
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…
Read More...
Read More...
Sterling holds positive tone ahead of UK earnings data
Cable remains constructive and pressures 1.3200 barrier, as fresh strength broke above previous day's high at 1.3181 and also dented pivotal Fibo barrier at 1.3191 (Fibo 61.8% of 1.3257/1.3083 bear-leg) in early Tuesday's trading.
The pair…
Read More...
Read More...
Sterling stands at the front foot ahead of PM May’s statement on Brexit to the parliament
Cable holds near session high at 1.3181 in early hours of US trading and awaiting PM May's statement to UK parliament on Brexit, scheduled at 14:30GMT.
Sterling opened with gap-lower on Monday after Brexit talks over the weekend stalled,…
Read More...
Read More...