Directionless mode extends but bias turns positive on fall of crude stocks
WTI oil moved slightly lower in Wednesday's mid-European session trading but remains constructive following strong rally on Tuesday.
Oil prices are supported by strong concerns about oil production in Venezuela and were additionally…
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Mixed signals result in extended narrowing consolidation
The pair is holding within narrowing consolidation which extends into third straight day, but so far without clear direction, due to mixed signals / techs.
Monday's strong downside rejection at 110.75 (left long-tailed Doji) was initial…
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Cable stands at the front foot but still lacks clearer direction signal
Cable stands at the front foot in early Wednesday's trading, supported by Tuesday's bullish engulfing and eased Brexit concerns.
Extension of Tuesday's rally cracked technical barriers at 1.3160/73 (50% of 1.3362/1.2957 / 20SMA) but…
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Tight ranges ahead of German Ifo data; Thick daily cloud continues to cap
The Euro remains in a quiet mode at the beginning of European session, after Tuesday's trading ended in Doji candle.
The action remains capped by falling 55SMA (1.1701) and heavily weighed by falling thick daily cloud (cloud base lays at…
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Aussie stands at the back foot after weak CPI data; strong 0.7440 resistance zone continues to cap
The Australian dollar dipped below 0.74 handle after another failure at strong 0.7440 zone, which marked the sixth consecutive upside rejection.
The pair briefly touched new two-week high at 0.7448, but gains were short-lived, confirming…
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Strong bounce on supply concerns eyes key barriers at 2.8780/2.8960
Copper bounced on Tuesday, making 3% advance so far, boosted by concerns about possible supply disruption on negotiations about labor contract between workers and management of world’s biggest copper mine, Escondida in Chile.
Recovery…
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TRY falls sharply after unchanged CBRT
The Turkish lira was hit badly and fell close to historical low on Tuesday after Turkish central bank surprised markets by keeping one-week repo rate unchanged at 17.75%, against wide expectations for 1 - 1.25% hike on today's policy…
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Euro regains traction after solid German / EU PMI data but narrowing consolidation likely to extend
The Euro stands at the front foot in the mid-European trading and regains 1.17 handle, after upbeat German PMI data and following EU figure which failed to follow, supported the single currency to move from dangerous zone.
Bounce above the…
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Directionless mode between 100 and 55SMA’s extends
WTI oil price remains in a choppy and directionless mode for the third straight day, on conflicting fundamentals which lack clearer direction signals.
The price rose slightly on Tuesday, keeping temporary base at $67.58, supported by…
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Neutral mode ahead of Australian data
The Australian dollar shows indecision as early Tuesday's trading was shaped in Doji, following Monday's strong close in red after another rejection at strong 0.7440 resistance zone.
Mixed techs show little direction signals (MA's remain…
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