Break above 20SMA could extend to 1.1717 Fibo barrier
The Euro holds steady in the US session and cracked psychological 1.17 barrier (also falling 30SMA) on probe above key barrier at 1.1676 (20SMA / converged daily Tenkan/Kijun-sen).
The single currency regained traction after hitting…
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CBRT’s next steps should give clearer picture about lira’s direction after President…
The USDTRY pair trades within choppy two-hundred pips range on Monday, following the victory of President Erdogan in Turkey's election on Sunday.
Lira hit new two week high at 4.5352 after USDTRY started trading on Monday with gap-lower,…
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Easing after 5% rally on Friday could be positioning for fresh advance
WTI oil eased from new one-month high at $69.36 and is down around 1% on Monday, as traders took some profits from Friday's over 5% rally which marks the biggest one-day gains since 30 Nov 2016.
Markets reacted on decision of major world…
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Recovery shows signs of stall as renewed trade war concerns weigh on Aussie
The Aussie dollar stands at the back foot on Monday and eases from recovery high at 0.7443, posted after strong rally last Friday.
Renewed fears over US - China trade conflict increased pressure on Australian dollar, with recovery action…
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Fresh bearish signal on close below daily cloud top / Fibo 50% at 108.50/46
The pair dipped further on Monday as risk aversion on trade war concerns keeps the greenback under pressure.
Fresh weakness probed below key supports at 108.50/46 (Fibo 50% of 108.11/110.90 upleg / top of rising daily cloud), close below…
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Risk aversion and Brexit concerns weigh on cable
Cable trades within narrow range on Monday, holding between 10SMA (1.3260) and 5SMA (1.3215) after recovery action was capped by 20SMA on Friday (1.3308) and subsequent pullback marked strong rejection here.
Risk aversion on escalation of…
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EURUSD – 20SMA caps recovery for now; German Ifo data in focus
The Euro stands at the back foot in early European trading on Monday, ahead of release of German Ifo business climate data for June.
Two-day recovery off last week's low at 1.1508 failed to break 20SMA (1.1674) on Friday and early Monday's…
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Turkey’s 2018 General election and the possible scenarios
Citizens of Turkey will go to the polls on Sunday 24th of June 2018, for the upcoming presidential and parliamentary elections. The 60 million Turkish citizens who are eligible to vote will elect the future President of the country and will…
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UK Brent Crude Oil, There are many speculations about the OPEC meeting on Friday in Austria
UK Brent Crude Oil,
There are many speculations about the OPEC meeting on Friday in Austria. Saudi Arabia, the United Arab Emirates and Russia are pushing for an increase in OPEC production to Compensation the production deficit, whilst…
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GBPUSD, All eyes on the House of Commons’ vote on the Brexit. If the majority opposes to this plan,…
GBPUSD,
All eyes on the House of Commons’ vote on the Brexit. If the majority opposes to this plan, this could reduce demand for the British pound.
Interest rates set by the Bank of England were expected to increase in August. The…
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