Sterling falls on news that UK Labor party would vote against PM May’s Brexit deals
Sterling fell across the board in mid-European session trading after announcement that Britain's Labor party will vote against any Brexit deal reached by PM Theresa May.
Labor party expects that their decision would result in no viable…
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Bears need close below $68.53 Fibo support to signal continuation
WTI oil holds within narrow consolidation above $68.34 low, posted after strong 2% fall previous day.
Oil prices came under increased pressure after report showed global oil inventories rose to their record, which temporarily offsets…
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Aussie is looking for close above 0.72 pivot to signal recovery extension
The Aussie dollar remains steady on Friday and probes again above 0.72 pivotal barrier after spike to 0.7229 on Thursday.
Fresh positive sentiment was boosted by solid Chinese IP and retail sales data, with improving near-term outlook on…
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Bulls eye targets at 112.15/37 but may take a breather on pre-weekend profit-taking
The pair eases from new six-week high at 112.07 on Friday, consolidating strong rally of 0.61% previous day, when strong bullish signals were generated on break and close above daily cloud top 111.58) and key Fibo barrier at 111.87 (61.8%…
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Bulls probe above daily cloud and focus Fibo / 100SMA bariers at 1.3162/77
Cable remains firm and extends higher after strong rally on Wednesday, pressuring top of falling daily cloud (1.3145) and focusing key barriers at 1.3162/79 (Fibo 61.8% of 1.2472/1.2661 descend / falling 100SMA).
Sterling showed little…
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Probe through 1.1700 opens way towards key Fibo barrier at 1.1780
The Euro cracked psychological 1.17 barrier on Friday, in extension of previous day's strong rally.
The single currency was up 0.56% on Thursday, after the ECB kept rates unchanged, staying on track to end the QE this year and raise…
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Oil price accelerates lower as global inventories hit record
WTI oil fell sharply and hit session low at $68.36, coming under pressure after monthly report from International Energy Agency showed surge in OPEC production, with global oil inventories hitting record high.
Global supplies reached…
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Cable penetrates daily cloud on fresh bullish acceleration after BoE / downbeat US data
Cable rallied into falling daily cloud, pulled higher by weaker dollar on disappointing US data. Fresh bullish acceleration neutralized downside risk seen after double long-legged Doji candles on Tue/Wed, keeping in play broader bulls from…
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Euro surges on post-ECB comments / weaker than expected US CPI data
The Euro accelerated higher and eventually broke above multiple upside rejections at 1.1650 and extended gains above top of thin daily cloud.
Fresh rally was sparked by comments from the ECB chief Draghi in post-policy meeting press…
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Turkish lira at front foot after CBRT surprise 625bps rate hike but overall picture remains bearish
Turkish lira rose to new 2 ½ week high against the dollar after Turkey's central bank surprised on higher than expected rate hike on today's monetary policy meeting.
The CBRT increased one-week repo rate to 24% on 625 basis points hike,…
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