USDJPY bulls probe again above daily cloud top
Extension of Tuesday's rally spiked to 111.71 on Wednesday, on probe through pivotal daily cloud top barrier (111.57).
Break was not sustained so far, as the price returned below cloud top, but scope for eventual break and close above…
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Sterling holds in red and probes again below 20SMA
Cable moves lower in Early Europe and reverses the most of 1.2810/59 recovery, offsetting positive signal from Tuesday's hammer candle, formed after failure to clearly break 20SMA pivot (1.2840).
Persisting negative sentiment on Brexit…
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The Euro remains at the back foot and probes again through cracked pivotal supports
The Euro accelerates lower in early European trading after recovery attempts from Tuesday's spike low at 1.1530 during late US session on Tuesday and Asian session on Wednesday, stalled near 55SMA (1.1615).
Fresh weakness offsets positive…
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Upbeat US data underpin dollar for final break above daily cloud top
The pair rallied and holding near daily high at 111.53, maintaining strong pressure on daily cloud top (111.57) after receiving fresh boost from upbeat US data.
US manufacturing PMI came well above forecast (Aug 61.3 vs 57.6 f/c), hitting…
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USDCAD rallies through series of significant barriers
The pair accelerated higher on Tuesday, extending strong recovery rally from 1.2887 (28 Aug low) into fourth straight day.
Fresh bulls, boosted by rising fears about escalation of US/China trade tensions, broke above significant barriers…
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Bears remain fully in play on US/China trade conflict fears/ stronger dollar
Copper extends downtrend into fourth straight day, driven lower by fears of deepening trade conflict between the US and China, which could have strong negative impact on global demand and stronger dollar on renewed risk appetite.
Today's…
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Approaching Hurricane in the US and concerns about the impact of sanctions on Iran keep oil prices…
WTI oil accelerated higher on Tuesday, signaling continuation of broader uptrend after completion of three-day consolidation, which formed bullish pennant on daily chart.
Preparations for coming hurricane in the Gulf of Mexico, which…
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Fresh weakness after short-lived post-RBA rally retests key 0.7160 support zone
Post-RBA short squeeze was short-lived as the Aussie peaked at 0.7235, before falling sharply and posting new low at 0.7157 on renewed probe through key 0.7160 support zone (May/Dec 2016 / Jan 2017 lows).
Australian central bank kept…
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Fresh advance pressures daily cloud top again
The pair advanced strongly on Tuesday, driven by fresh strength of the US dollar and less hawkish than expected BoJ operations which increased pressure on yen.Friday's hammer candle signaled strong downside rejection and basing just ahead…
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Near-term outlook remains negative; UK data eyed for fresh signals
Cable holds in red for the fourth straight day and cracks 20SMA support at 1.2842 on Tuesday. Renewed Brexit concerns prompted traders out of pound, with bears being boosted by weak UK data on Monday.
Technical studies are in bearish mode…
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