Lira’s fresh bearish pressure exposes all-time high and psychological 5.00 barrier
The Turkish lira came under increased pressure on Monday after new political turmoil over the weekend resulted in threats of US President Trump of imposing sanctions on Turkey.
The USDTRY pair probed above 4.90 barrier, hitting the highest…
Read More...
Read More...
Fresh strength pressures key barrier at $70.20
WTI oil regained traction on Monday and probes above psychological $710 barrier for the first time since 19 July.
Worries about global supply continue to underpin oil prices but support is partially offset by lowered tension about global…
Read More...
Read More...
Directionless n/t mode but bias remains negative; FOMC in focus
Spot Gold holds within tight range on Monday after Friday's trading ended in Doji candle but maintains bearish bias as daily techs remain in full bearish configuration.
Monday's action holds above Friday's low at $1217 but upside attempts…
Read More...
Read More...
Directionless mode ahead of key events this week
The Australian dollar holds in directionless mode on Monday, unable to extend Friday's strong recovery rally, as daily techs remain negative and maintain bearish tone.
Overnight's dip of equities dragged Aussie lower, but the downside…
Read More...
Read More...
Congestion extends into fourth day; BoJ policy meeting on Tuesday is in focus
Early Monday's action was so far in green as last week's multiple downside rejections above key supports at 110.64 (50% of 108.11/113.17) and 110.57 (rising 55SMA), generated initial recovery signal.
However, the downside is still…
Read More...
Read More...
Recovery is seen as positioning as bears dominate; central banks eyed for stronger signals
Cable moved higher in early European trading on Monday, following tight range in Asia.
Friday's action ended in Doji candle after failing to break Fibo 50% support at 1.3085, with subsequent bounce seen as positioning, as primary trend is…
Read More...
Read More...
Daily cloud / MA’s weigh heavily for renewed probe through triangle support; series of key…
The Euro holds in sideways mode and trading within tight range at the beginning of the week and sees little support from last Friday's Hammer, formed after unsuccessful attack at triangle's lower boundary.
Near-term price action remains…
Read More...
Read More...
EURUSD ticks higher after US data but risk remains skewed lower
The Euro was higher in post-data 1.1620/50 advance, after US GDP came in line with expectations (4.1%) with previous release being upward-revised from 2.0% to 2.2%.
Fresh dollar's weakness could be explained as disappointment of traders…
Read More...
Read More...
Bullish outlook above broken 55SMA
WTI oil eases from one-week high at $69.90 on Friday but remains constructive above broken 55SMA ($69.22).
Thursday's eventual break above 55SMA which marked the top of week-long congestion, was bullish signal. Bulls require extension…
Read More...
Read More...
Thursday’s long red candle weighs heavily; US GDP eyed for fresh signal
The Australian dollar consolidates within narrow range on Friday, following 1% fall previous day, with prevailing negative near-term outlook.
Repeated upside rejection left a double-top (0.7464), generating negative signal, reinforced by…
Read More...
Read More...