Oil price could extend rally towards $76.35 Fibo barrier on sustained break above $72.89 pivot
WTI oil is consolidating under new high at $73.04 (the highest since Nov 2014) on Thursday, taking a breather after steep five-day rally fully retraced $72.89/$63.58 correction leg and signaled continuation of larger uptrend from $26.04…
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Close below key Fibo support at 0.7325 to signal further weakness
The Aussie dollar is consolidating above new low at 0.7322 (the lowest since Jan 2017) posted on Wednesday.
Three-day descend is taking a breather but negative sentiment and bearish techs keep the downside in focus as Wednesday's fall also…
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Bulls show hesitation above 200SMA; fundamentals seen as key driver
The pair holds firm tone and trades above 200SMA in early Thursday's trading, but the upside was so far limited as dollar's bulls started to lose traction after comments from President Trump about tariffs on China were less harsh than…
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Break of 1.3101 pivot pressures Nov low at 1.3038 and eyes psychological 1.30 support
Cable broke below key support at 1.3101 on Thursday, extending bear-leg from 1.33 zone into third straight day.
Strong bearish sentiment was boosted by comments from BoE's Deputy Governor who offered no hints about vote for rate hike in…
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Break through 1.1509/08 base could spark stronger bearish acceleration
The Euro remains in red on Thursday and extends descend from week's high at 1.1720, pressuring key supports at 1.1509/08 (29 May / 21 Jun lows).Steady dollar keeps the single currency under pressure which could intensify on political…
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Weak techs and sentiment keep pound under pressure for retest of key 1.3101 support
Cable stays in red for the second straight day and dipped to one-week low at 1.3150, retracing 76.4% of 1.3101/1.3315 recovery leg.
Tuesday's bearish engulfing and daily techs in bearish setup weigh on near-term action, with negative…
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Bullish bias above 200SMA
The greenback accelerated higher on renewed risk-on mode as trade war fears eased and hit session high at 110.38 in early US session trading.
US trade balance gap narrowed in May and US capital goods unexpectedly dipped but previous…
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Bulls may extend to key barrier at $72.89 on upbeat crude stocks report today
WTI oil price broke above $71 per barrel on Wednesday, extending strong rally of the previous day's 3.7% advance.
Oil prices are in steep ascend which extends into second consecutive week and supported by several factors.
Initial boost…
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Bears eye key supports at 0.7345/25 as trade war fears keep Aussie under pressure
The Aussie dollar holds in red for the third consecutive day and threatens of retesting 0.7345 base, as persisting fears about trade war escalation keep Aussie under pressure.
Fresh weakness from 0.7443 double top (22/25 Jun) where…
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Fresh weakness pressures cloud top but stronger direction signal needs break through 55 /200SMA…
The pair came under pressure after repeated rejection at 200SMA (110.19) on Tuesday and attacks again daily cloud top (109.70) in early Wednesday's trading.
Death-cross of 10/200SMA is forming on daily chart and weighing on near-term…
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