AUDUSD bears eye key support at 0.7412, in extension of Thursday’s 1.3% fall
The Aussie dollar holds in red on Friday following previous day's strong fall when the Australian currency was down 1.3% against its US counterpart.Weak Australian jobs data and China's data did not make stronger impact on Aussie, but it…
Read More...
Read More...
GBPUSD pressures key supports at 1.3207/04 as negative impact from ECB impacts pound
Cable dipped to new low at 1.3211 in early Friday's trading, in extension of previous day's strong fall, when the pair was down 09% for the day.
Strong bearish acceleration of Euro on dovish ECB dragged pound with negative impact…
Read More...
Read More...
USDJPY hits new highs as BoJ keeps ultra-easy policy; bulls consolidate ahead of push towards key…
The pair extended rally on Friday and hit new three-week high at 110.90 after BoJ decided to keep ultra-easy policy on today's meeting.
The dollar remains bid after hawkish Fed and Thursday's close above strong option-barrier at 110.50 but…
Read More...
Read More...
EURUSD – bears eye key support at 1.1509 after Thu’s 2% fall; correction may precede…
The Euro remains in red on Friday and extends weakness from the previous day when it fell 2% on dovish ECB.
Thursday's fall marked the biggest one-day loss in two years and bears eye key support at 1.1509 (29 May low), following…
Read More...
Read More...
ECB in free fall after ECB ruled out any rate hike till late 2019 and kept QE
The Euro is in free fall after ECB and chief Draghi's remarks on post policy meeting press conference.
The pair so far fell nearly 1.5% since ECB's rate announcement and showing scope for further weakness. Initial negative signal was…
Read More...
Read More...
WTI OIL – extended recovery eyes key barriers at $67.53/83
WTI oil remains steady on Thursday and extends recovery to new two-week high at $67.13. The price continues to trend higher within rising daily cloud, spanned between $65.90 and $67.83.
Bullish near-term sentiment was additionally boosted…
Read More...
Read More...
GBPJPY – near-term outlook improves following rally on upbeat UK data, but the price remains…
The cross moved higher around 60 pips as pound got boosted from stronger than expected UK retail sales (May 1.3% vs 0.5% f/c and Apr upward-revised figure at 1.8%).
Fresh strength pressures tops of 147.98/12 congestion which extends into…
Read More...
Read More...
EURGBP – triangle support line comes under pressure as cross falls on upbeat UK data
The cross fell below 0.88 handle and cracked daily cloud top (0.8794) after upbeat UK retail sales boosted pound, sidelining attempts for another attack at 200SMA.
Falling 200SMA (currently at 0.8828) repeatedly capped upside attempts in…
Read More...
Read More...
GBPUSD regains traction after strong downside rejection; upbeat retail sales to spark further…
Cable regained traction and rose above 1.34 handle on Thursday, signaling further recovery after pullback from 1.3472 faced strong rejection at 1.3307 on Wednesday as near-term bears off 1.3472 showed strong indecision on double-long-legged…
Read More...
Read More...
USDJPY – completion of reversal pattern risks deeper pullback
The pair holds firmly in red in early European trading on Friday and probes below psychological 110 support.
The dollar bulls are losing traction after spike to 110.85 was all seen from hawkish Fed on Wednesday, as the greenback fell…
Read More...
Read More...