GBPUSD – bears pressure key support at 1.3049 but could be interrupted if UK inflation data…
Cable holds in red and accelerated lower in in early European trading on Wednesday, extending previous day's strong fall of nearly 1%.
Pound was initially hit by soft UK jobs data and additionally pressured by hawkish comments from Fed's…
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EURUSD remains in red after hawkish Powell; pressures pivotal support at 1.1601
The Euro pressures last Friday's low at 1.1601 in early European trading on Wednesday, in extension of strong fall on Tuesday after more hawkish than expected congressional testimony of Fed Chairman Powell.
Powell favored central bank's…
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Pound falls on Brexit concerns and rising dollar ahead of Powell’s testimony
Cable lost traction and fell back below 1.3200 handle after post-UK jobs data rally hit session high at 1.3268, but gains were short-lived and stalled again under strong offers at 1.3300 zone.
UK average earnings came in line with…
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WTI price consolidates after 3.5% on Mon; outlook remains negative; crude stocks data in focus
WTI oil price holds within narrow consolidation on Tuesday, following over 3.5% fall on Monday.
Pullback from new high at $75.34 (the highest since Nov 2014) extended further after last Wednesday's strong bearish acceleration, which marked…
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USDJPY – bulls show signs of fatigue but Fed Powell’s testimony is expected to be the…
The pair is consolidating under new high at 112.80, posted on 13 July, after last week's strong rally stalled on approach to 2018 high at 113.38 (08 Jan).
The price so far holds within tight range, but broader bulls show signs of fatigue…
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EURUSD – bullish signal on probe through cloud base; Powell’s testimony in focus
The Euro extends recovery from Friday's spike low at 1.1613 into third straight day and probes again through strong barriers at 1.1716/29, provided by base of thick daily cloud / falling 55SMA.
Weaker dollar maintains positive Euro's…
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Cable holds in neutral mode ahead of UK jobs data
Cable ticked higher in early European trading on Tuesday after holding within tight range in Asia, awaiting fresh signals from today's UK labor data.Pound failed to sustain recovery from Friday's low at 1.3102 as gains stalled at 1.3292 on…
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Cable lower after US data; focus on UK jobs / inflation data; Brexit talks
Cable pulled back from daily high at 1.3292, posted in extension of last Friday’s bounce after strong downside rejection at 1.3102, which left hammer candle.
Pound benefited from rising hopes of UK rate hike on Aug 2 BoE MPC meeting, but…
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Massive daily cloud / falling 55SMA weigh heavily; overall positive US retail sales add to negative…
The Euro advanced further on Monday, extending bounce from last Friday’s low at 1.1613, where strong downside rejection occurred.
Friday’s hammer signaled further recovery which resulted in extension and test of strong barrier at 1.1713,…
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Turkish lira falls to new record low; psychological 5.00 barrier under increased pressure
The USDTRY pair hit new record high at 4.9736 today in extension of previous day’s strong rally, as President Erdogan’s comments that interest rates will fall, shook lira and sparked fresh bearish acceleration.
Corrective phase from 4.9273…
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