Bulls eye levels above $70, helped by fears over Iran / lower crude stocks
WTI oil price consolidates within narrow range above thin daily cloud on Thursday, after strong rally previous day, which eventually broke and closed above pivotal barriers at $68.60/92 zone (Fibo 38.2% of $75.34/$64.43 descend;…
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Downbeat data increased pressure but bears lack momentum for extension
The Australian dollar holds in red for the third straight day and pressures Wednesday's low at 0.7275, where initial dip was strongly rejected.
Series of weaker than expected Australian data, released overnight, keep the Aussie under…
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Strong bullish sentiment supportive for further advance; consolidation may precede fresh rally
Cable is consolidating above psychological 1.30 barrier on Thursday, following previous day's 1.1% rally, the biggest one-day gains, after the EU offered Britain post-Brexit partnership.
The pound advanced on easing concerns about hard…
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Probe above cloud top opens key barriers at 1.1750
The Euro maintains positive tone and probes through daily cloud top on Thursday, in extension of larger recovery rally.
Fresh strength emerged after Wednesday's corrective dip was contained by daily cloud base, keeping bullish bias intact.…
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Extended consolidation after repeated rejection at 1.2935 pivots; 20SMA needs to hold dips
Cable bounced from session low at 1.2845 in early European trading, sidelining immediate downside risk on break lower.
Tuesday's strong upside rejection at pivotal barriers at 1.2935 zone (double-Fibo, reinforced by 30SMA and daily…
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Hesitation at daily cloud top could result in deeper pullback
The Euro stands in red in early Wednesday's trading, easing from new recovery rally high at 1.1733, after bulls failed on approach to key barrier at 1.1750 (daily cloud top / Fibo 38.2% of 1.2476/1.1300 / falling 100SMA).
The price holds…
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Weak US data help Euro bulls
The Euro maintains bullish in early American trading tone and eventually broke 1.1700 barrier which temporarily capped the advance this morning.
Strong advance from 1.1530 (23 Aug trough) holds in red for the third consecutive day and eyes…
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Bullish bias but consolidation may extend, awaiting signal from inflation report
Turkish lira remains under pressure on Tuesday, with negative outlook and fears of significant losses in the near future. Negative sentiment is additionally boosted by concerns about further rise of inflation (report is due on 03 Sep) and…
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Bulls look for break through thinning daily cloud; weekly crude stocks data in focus
WTI oil maintains positive tone and extends higher after Monday’s close above $68.60 pivot (Fibo 38.2% of $75.34/$64.43 descend, reinforced by converged 10/55SMA’s) generated bullish signal.
Supply risks from Venezuela and Iran keep oil…
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Bulls lack momentum for final push towards 0.7380 barrier
Strong rally of past two days lacked momentum and remains capped by 30SMA (0.7357) for the second day.Doji candle of Asian / early European trading confirms sideways mode, supported by flat momentum / RSI studies, while daily MA's are in…
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