Bullish bias above 100SMA; further news from US-China trade conflict to provide fresh signals
The Euro remains steady and extended previous day's strong rally but gains stalled ticks ahead of last Friday's peak at 1.1721, but subsequent pullback on new US tariffs was contained by broken 100SMA (1.1669) which now acts as initial…
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USDJPY hits 2-month high on renewed risk appetite
The dollar accelerated higher in early European trading, extending bounce from Asian low at 111.66.
Fresh advance hit new two-month high at 112.27 and pressuring Fibo barrier at 112.37 (76.4% retracement of 113.17/109.77.
Announcement…
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Bullish signal on break above daily cloud; next key barriers at 1.3162/72 come under pressure
Cable accelerated higher on Monday and eventually broke above top of thickening daily cloud, to hit new high at 1.3156 on Monday (the highest since 31 July).
Weaker dollar and reports on progress in discussion over Irish border, one of key…
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Euro generates bullish signal on bounce above falling 100SMA
The Euro regained traction and entered Monday's US session in firm tone and retraced the largest part of Friday's fall, bringing bulls back to play.
The dollar fell in expectations of news about US - China trade conflict, as US President…
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Fresh recovery above converged MA’s sidelines downside risk
WTI oil price ticks higher on Monday, supported by renewed concerns about US/China trade conflict and persisting concerns about the impact of sanctions on Iran.
On the other side, rise in global supply weighs on oil prices, as report on…
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Aussie attempts to recover Friday’s losses; US/China trade conflict is key driver
The Aussie dollar attempts to regain traction after dipping on Friday, which ended day in red.
Concerns about an escalation of US/China trade conflict may weigh on near-term risk, with further news eyed for fresh direction signals.…
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Bulls eye Fibo barrier at 112.37 but consolidation may precede rally
The pair holds in red in early European trading, following quiet Asian session as Tokyo was closed for holiday.
Bulls hit new recovery high at 112.16 on Friday (the highest in two months), in extension of strong bullish acceleration on…
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Bulls consolidate after failure at cloud top; positive outlook above 1.3000 support zone
Cable trades within thickening daily cloud on Monday, after Friday's action was capped by cloud top (1.3143).
Subsequent pullback and Friday's close in red, so far did not harm larger bulls, as Monday's action holds in green for now and…
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Euro stands at the back foot after Friday’s sell-off; US/China trade tensions seen as key…
The Euro holds within narrow range in early Monday's trading, consolidating last Friday's strong losses, as the single currency was sold on rising US-China trade tensions that inflated dollar.
Friday's action created bearish engulfing and…
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Bulls look for close above broken 111.87 Fibo barrier to signal continuation
The dollar remains steady despite weaker than expected US retail sales (Aug m/m 0.1% vs 0.4% f/c / core Aug m/m 0.3% vs 0.5% f/c), as upward-revised data from July signal solid growth in Q3.
The USDJPY pair retested daily high at 112.07,…
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