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…
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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…
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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…
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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)…
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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…
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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…
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Aussie was hit by China’s decision but dips were limited so far
The Aussie dollar holds in green after gap-lower opening on Monday and hitting new low at 0.7252, but recovery attempts were so far limited, with Asian high at 0.7281 being so far intact.
Announcement that China is pulling out of trade…
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Risk of deeper pullback exists but bulls will remain intact while 112.40 support holds
The pair consolidates above session low at 112.40, posted after Monday's gap-lower opening, as China cancelled trade talks with the US.
Strong upside rejection on Friday (112.87) could be initial signal of pullback, with scenario being…
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Weak tone at the beginning of the week, but dips remain limited for now; FOMC meeting eyed
The Euro stands at the back foot in early Monday's trading, following Friday's close in red after strong rejection at psychological 1.1800 barrier and failure to close above cracked 1.1780 Fibo barrier (38.2% of 1.2555/1.1300 descend).…
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Recovery attempts under way after Friday’s fall was contained by top of thick daily cloud
Cable moved higher in early Monday's trading, consolidating above thick daily cloud, after cloud top contained Friday's sharp fall and continues to support the action.
Sterling crashed on Friday after Brexit-negative news, but Monday's…
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