Mixed techs lack clearer direction signal despite Thursday’s strong rally
WTI oil price holds within narrow consolidation on Friday, after strong rally previous day. Reports on unexpected fall in US crude supplies boosted oil price, temporarily offsetting negative impact from rising crude stocks and higher output…
Read More...
Read More...
Bearish bias persists and eyes targets at 0.7317/10
The Australian dollar moved higher from session low at 0.7348, consolidating fall from the session high at 0.7372, posted in Asia.
Upbeat Australian retail sales data provided little support to the pair, maintaining bearish bias, built in…
Read More...
Read More...
Extended directionless mode eyes US data for fresh signals
The pair holds in directionless mode in early Friday's trading, following Wednesday's Doji and Thursday's Hammer candle, awaiting stronger direction signals from US jobs data.
Strong rejections on both sides in past two sessions support…
Read More...
Read More...
Bears could extend towards supports at 1.2967/1.2865; UK / US data eyed for fresh signals
Cable remains in red on Friday and probes below psychological 1.30 support, in extension of strong fall on Thursday.
Pound was sharply lower on Thursday after the BoE increased interest rate by 0.25% but signaled that won't be in hurry for…
Read More...
Read More...
Firm bearish stance after eventual break below triangle support; US jobs data in focus
The Euro holds in red for the fourth consecutive day, with fresh extension of Thursday's strong fall on Friday, pressuring support at 1.1574 (19 July spike low).
Firm dollar on US/China trade war worries keep the Euro under increased…
Read More...
Read More...
Trade tensions keep metal’s price firmly in red
Copper extends strong fall of the previous day to new two-week low at $2.7060 on Thursday, as fears of escalation of trade tensions between the US and China, metal's biggest consumer, keep the price firmly in red.
On the other side, news…
Read More...
Read More...
Bearish sentiment after rate decision as BoE is not in hurry for further hikes
Cable slumped near psychological 1.30 support, following short-lived post-BoE spike to 1.3124, as post-rate decision comments from BoE Governor Carney soured the sentiment.
The Bank of England raised interest rates by quarter of point as…
Read More...
Read More...
Strong pressure on crude stocks build and trade tensions persists
WTI oil holds firmly in red for the third straight day and probes below key support at $67.03 (17/18 July lows) on Thursday.
Surprise rise in crude inventories of 3.8 million barrels vs forecasted draw of 2.8 million barrels, added to…
Read More...
Read More...
Extended bears pressure key support at 0.7370
The Australian dollar holds firmly in red on Thursday and extends weakness of the previous day, denting key near-term support at 0.7370 (27 July low / Fibo 61.8% of 0.7317/0.7464 upleg).
Upbeat Australian trade balance data (trade surplus…
Read More...
Read More...
Break above psychological 5.00 barrier could extend towards 5.20 zone on weak Turkey’s CPI…
The USDTRY pair rallies in uncharted territory after strong rally on Wednesday eventually broke above psychological 5.00 barrier and extended higher on Thursday.
Lira was weakened significantly after last month's CBRT action and entered…
Read More...
Read More...