Thursday’s bearish outside day signals further weakness
Cable remains in red on Friday after suffering heavy losses on fall from 1.3213 to 1.3105 on Thursday.
Fresh bearish extension of pullback from 1.3213 (after recovery failed to clearly break above pivotal Fibo 61.8% of 1.3362/1.2957 fall…
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Bearish pressure after dovish ECB could increase on upbeat US GDP data
The Euro is consolidating after strong fall on Thursday when it fell 103 pips after dovish ECB disappointed traders.
Strong fall and close below the base of thick daily cloud, following unsuccessful cloud penetration, was bearish signal.…
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Break out of congestion between Kijun-sen and 55SMA to provide direction signal
The pair holds around 111 handle in early European trading on Friday, down from Asian high at 111.24, which also marks the high of Thursday's rally.
Daily Kijun-sen capped upside attempts for the third straight day, marking strong…
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Downside pressure increases after dovish ECB; thick daily cloud continues to weigh
The Euro entered US session in red and extends losses after dovish comments from ECB's chief Draghi.
Despite markets expected some hawkish steer, Draghi's comments on post-rate decision meeting press conference showed no changes from the…
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Gold price moves lower as trade tensions ease
Spot Gold price eased from recovery high at $1235 on Thursday, failing to extend strong advance of previous day, as positive tone from US/EU trade talks lowered tensions about trade war.
Gold dipped despite weaker dollar as safe-haven…
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Bullish signal on probe above 55SMA needs confirmation on break above $70.00/20 pivots
WTI oil consolidates on Thursday after strong two-day rally, triggered by fresh draw in crude stocks and reduced Saudi Arabia oil shipments through Red Sea.
EIA report on Wednesday showed draw in crude inventories of 6.14 million barrels…
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Bears pressure pivotal supports at 110.64/51 and may extend to 110.00 zone on break
The pair remains in red for the sixth straight day and extends pullback from 113.17, where larger bulls were capped by weekly 200 SMA.
The dollar was additionally pressured by positive tone from US/EU trade talks and fresh weakness…
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Corrective dips to precede fresh upside
Cable eased from the session high at 1.3213 as probe through pivotal barrier at 1.3208 (Fibo 61.8% of 1.3362/1.2957 failed at the initial attempt.
Brexit talks are to resume with UK PM May retaking control of Brexit which could supportive…
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Positive tone of US/EU talks supportive; hawkish hints from ECB eyed for further boost
The Euro remains constructive in early Thursday's trading and cracked triangle resistance (1.1747) in extension of Wednesday's advance.
Positive tone from Trump-Juncker meeting, as US and EU agreed to work together on zero tariffs,…
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Fresh advance could extend on break of $1232/35 pivots
Spot Gold advanced on Wednesday as the greenback eased ahead of meeting between US president Trump and EU Commission President Juncker on trade-focused talks, due today.
The yellow metal rose around $9 for the session and pressures pivotal…
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