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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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,…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...