Consolidation above new five-week low to precede fresh weakness; weekly cloud base to cap upticks
The Euro is consolidating above new five-week low at 1.1463 in early Thursday's trading, following strong bearish acceleration on Wednesday, sparked by upbeat US private sector jobs data and Services sector showing the strongest activity…
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Dollar rises above 114 on upbeat US data; NFP report eyed for fresh signals
The dollar accelerated higher, boosted by upbeat US private sector jobs data and hit new 11-month high at 114.13 during US session on Wednesday.
Stronger than expected ADP jobs report, which is usually used as an indication for coming US…
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Euro hits session low after upbeat US jobs data boosted dollar
The Euro stands at the back foot in early American session and hit new low 1.1527, after better than expected US jobs data boosted dollar. ADP report showed that US private sector added 230K jobs in September, beating forecast for 187K new…
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Bulls may extend consolidation before resuming; US crude stocks data eyed for fresh signal
WTI oil price rose on Wednesday after shallow dip to $75 previous day, but remains under new four-year high at $75.89, posted yesterday.Overall sentiment is bullish, as concerns about the impact on US sanctions on Iran rise and keep markets…
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Strong bearish signal on close below 0.7172 Fibo support
The Aussie dollar holds in red for the second straight day and extends weakness to new three-week low at 0.7156 on Wednesday.
Fresh weakness broke below pivotal support at 0.7172 (Fibo 61.8% of 0.70850.7314 rally), in the second attempt…
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Bulls remain fully in play above broken weekly 200SMA
The pair regained traction and moves higher on Wednesday, after previous day's shallow consolidation was contained at 113.50 zone.
Firm bullish stance remains intact above broken key barriers at 113.30/18 (Fibo 61.8% of 118.66/104.63 /…
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Bearish structure favors limited recovery ahead of fresh weakness
Cable moved higher and regained 1.30 handle in early Wednesday's trading, after previous day's bearish acceleration stalled at 1.2940.
Pound followed Euro's recovery on news from Italy, but limited upside attempts could be likely scenario,…
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Turkish lira showed limited reaction on Turkey’s CPI shock
The USDTRY jumped to 6.10 on Wednesday, after news showed Turkish inflation surged in September.
Monthly figure came at 6.3%, well above forecasted 3.6% and 2.3% previous month, while annualized CPI jumped to 24.5% from 17.9% previous…
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News from Italy provide temporary relief; bears in play under 1.1650
The Euro bounced on Wednesday after five-day fall from 1.1797 lower top found footstep at 1.1500 zone (psychological support / Fibo 61.8% of 1.1300/1.1815 ascend / daily cloud base).
News that Italy revises its budget plans, after initial…
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Gold surges above $1200 as Italian budget issue hits markets and sparks fresh safe haven demand
Spot Gold accelerated strongly higher in early American session Tuesday, gaining nearly 1.5%, in the biggest daily rally since 24 Aug, driven by fresh safe-haven demand on rising concerns about Italy’s budget issues.
The yellow metal price…
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