Windsor News & Research Blog - Forex & CFD Market Analysis

WTI oil price moved higher on Friday as news that Saudi Arabia would reduce exports in August, sidelined fears of oversupply in oil market. Near-term action is congested between $67.02 and $70.16 and showing no clear direction as daily…
Read More...

The Australian dollar bounced on Friday after hitting three-week low at 0.7317, ticks ahead of key support at 0.7310 (02 July low). Weaker US dollar gave a breather to Aussie's bears which track the weakness of Chinese yuan (posted new…
Read More...

Cable is holding within tight consolidation on Friday after steep three-day fall spiked to 1.2957 (the lowest since early Sep 2017). Initial attempt below psychological 1.30 support failed to close below on Thursday, but sentiment remains…
Read More...

The Euro holds in directionless mode in early Friday's trading after previous day's action ended in long-legged Doji, which signaled strong indecision of past two-day bearish action. Thursday's dip was contained by Fibo 76.4% of…
Read More...

The pair stands at the back foot in early Friday's trading, following sharp fall of over 100 pips late Thursday, which left new multi-month high at 113.17 and sidelined immediate bulls. The greenback was hit by comments from US President…
Read More...

The Australian dollar dipped to 2 ½ week low at 0.7322 after strong bearish acceleration on Thursday took out support at 0.7360 (11/12 July double-bottom. Today’s big drop was triggered by fresh weakness of Chinese yuan which hit one-year…
Read More...

The pair accelerated higher on Thursday and cracked important barrier at 1.3261 (Fibo 61.8% of 1.3386/1.3064 pullback) where upside attempts on Wednesday were rejected, leaving bearish daily candle with long upper shadow. Strong US dollar…
Read More...

Copper hit new one-year low at $2.6720 on Thursday, as fresh acceleration lower ended five-day consolidation and signaled continuation of larger downtrend from $3.3140 (07 June high). Strong dollar and rising concerns about demand,…
Read More...

Cable trades below 1.30 handle ahead of start of the US session on Thursday, following fresh bearish acceleration on downbeat UK retail sales data, released earlier today. Retail sales fell well below expectations in June (m/m -0.5% vs…
Read More...

WTI oil price fell on Thursday after recovery attempts from $67.02 double-bottom (also 100SMA) stalled on negative news that increased pressure on oil prices. Unexpected strong rise in oil inventories (EIA report showed build of 5.8…
Read More...