Euro extends advance into second day; ZEW data eyed for fresh signals
The Euro maintains firm bullish tone on Tuesday and extends the rally of the previous day, when strong advance of sterling boosted the single currency.
Fresh extension higher broke through a cluster of daily MA barriers (5/10/55) and is…
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Cable extends advance on improved sentiment over Brexit; UK jobs data in focus
Sterling accelerates higher in early European trading on Tuesday, following narrow consolidation of Monday's strong rally in Asia.
The sentiment improved after top EU Brexit negotiator said on Monday that the deal could be struck in the…
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Sterling surges on new Brexit talks steer; upbeat GDP / TB data help
Cable surged in early US trading on Monday and hit new five-week high at 1.3051 after EU Brexit negotiator Barnier said that it is realistic to expect deal with Britain in 6-8.
Hawkish steer in Brexit negotiations inflated pound strongly,…
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Turkish lira eyes CBRT policy meeting but outlook does not look bright
Turkish lira came under pressure again on Monday, after brief recovery attempts gave little results and were contained by the lower boundary of triangular consolidation under new record high at 7.1074.
The dollar is firmer after solid US…
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WTI – recovery attempts to form reversal pattern
WTI oil moved higher on Monday, bouncing to session high $68.50, recovery attempt from last Friday’s spike low at $66.85.
Repeated strong downside rejection and Friday’s long-tailed Doji, with today’s acceleration higher are signaling…
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Aussie looks for psychological 0.70 support after pivots at 0.7160 zone were broken
The Australian dollar recovers briefly on Monday, on bounce from new low at 0.7098 (the lowest since 15 Feb 2016) to 0.7126 (session high), but the move could be seen as consolidation before broader bears resume.
Last Friday’s eventual…
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USDJPY – directionless mode within thick daily cloud likely to extend
The pair holds in the middle of thick daily cloud on Monday, following swings up and down which resulted in strong rejections on both cloud boundaries.
This suggest the price may hold in extended range within the cloud, which remains wide…
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Cable is expected to hold in directionless mode while between 20 and 55SMA; series of data could be…
Cable ticked higher in early European trading on Monday, after holding in tight range in Asia. Directionless mode was signaled by long-legged weekly Doji candle and is likely to extend after last Friday's strong upside rejection at falling…
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Bearish outlook below 30SMA / weekly cloud base
The Euro stands at the back foot in early Monday's trading and hit new three-week low at 1.1526, maintaining negative tone for further weakness.
Strong bearish signals on last Friday's close below pivotal supports at 1.1568 (30SMA / Fibo…
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Strong US and weak Canadian jobs data boost USDCAD pair
The dollar surged across the board after US Non-farm payrolls beat forecast in Aug, with 201K new jobs created vs forecasted 191K and downward-revised previous month's release to 147K.
Unemployment rate remained unchanged at 3.9% despite…
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