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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Extended sideways mode after failure at daily cloud top
The pair holds in sideways mode for the third straight day, after rally from 109.77 (21 Aug low) failed to break above daily cloud top (111.62).
Strengthening momentum maintains bullish bias as the downside is protected by converged…
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Bullish outlook above 20SMA
Two-day rally from 1.2799 (24 Aug trough) show hesitation at 1.2900 barrier on Tuesday, as Asian trading was shaped in Doji candle.
Technical studies remain positive (momentum is breaking into positive territory; slow stochastic is heading…
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Bulls penetrated daily cloud; eye key barrier at 1.1750
The Euro maintains bullish tone and extends bull-leg from 1.1530 higher base into third straight day.
Bulls pressure psychological 1.1700 barrier, break of which would open next key barrier at 1.1750 (daily cloud top / July's lower…
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Turkish lira under renewed pressure after markets in Turkey re-open after holidays
The USDTRY pair rose to 6.22 level on Monday, as markets in Turkey reopened after week-long holiday.
The lira was down 3.5% on Monday and attempts to break out of last week's narrow range.
The outlook remains negative for lira on…
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Safe-haven appeal hit by fresh risk appetite
Spot Gold consolidates within narrow range on Monday, following last Friday's strong rally which marks the biggest one-day gains since 21 Mar.
Yellow metal's safe-haven appeal seems to be fading as investors turned to the US dollar on…
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Bulls face strong headwinds from barriers at $68.60 zone
WTI oil price is holding within tight range on Monday and struggling at strong barriers at $68.60 zone (Fibo 38.2% of $75.34/$64.43 descend / converging 10/55SMA’s) which were cracked on Friday, but without clear break.
Friday’s daily…
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