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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Copper hit new one-year low on rising fears of trade war escalation
Copper price holds in steep descend from $3.3140 (07 June high), which accelerated today after announcement that the US would impose further tariffs on Chinese goods.Extended weakness hit new one-year low at $2.7160, after bearish signal…
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Negative sentiment on trade war fears / Libya offsets positive impact from strong draw in oil…
WTI oil price moved lower on Wednesday on concerns that renewed trade war threats could depress demand, with negative sentiment being additionally boosted by news that oil exports from Libya would return to normal levels after being reduced…
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USDJPY maintains bullish tone but caution on fresh risk aversion
The pair holds positive tone on Wednesday but holding below previous day's spike high at 111.35 for now.
Strong rejection on initial attempt at key barrier at 111.39 (21 May high) could be seen as hesitation which requires extended…
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Cable looks for direction signal
Cable holds within tight range in early Wednesday's trading, with slight bullish bias following Tuesday's positive close and recent M&A news.
Immediate downside risk following political turmoil in the UK is sidelined for now, but risk…
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EURUSD holds in sideways mode and looks for stronger direction signal
The Euro was mostly sidelined in Asia on Wednesday, but holding in daily cloud, following Tuesday's bounce and close above cloud base.
Renewed concerns about trade war offered mild support, while today's comments from ECB's policymaker…
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Aussie fell in Asia on talks of new US tariffs
The Aussie dollar accelerated lower in Asian session on Wednesday, after the US said on Tuesday it would impose an extra tariff on Chinese goods.
The Australian dollar is considered as a proxy for China-related trades and reacted…
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