EURUSD rises above 1.18 as impact on hawkish Fed fades; ECB in focus
The Euro probes above 1.18 barrier in early European trading on Thursday, as dollar's initial strength after Fed's decision late Wednesday, started to fade.
Hawkish tone from the Fed, which signaled two more rate hikes in 2018 initially…
Read More...
Read More...
USDJPY – pre-Fed dips seen as positioning for fresh advance; 200SMA marks key support
The pair pulled back from daily high at 110.71, posted during European trading and hit US session low at 110.32, exposing key supports at 110.22/16 (hourly cloud top / 200SMA).
The move is seen as positioning ahead of Fed, as traders…
Read More...
Read More...
EURUSD stands at the front foot and extends recovery ahead of Fed
The Euro hits new session high in early US session trading on Wednesday, on extension of bounce from daily low at 1.1730, posted in late Asian session, where thick rising 4-hr cloud contained dips.
The single currency rallied despite…
Read More...
Read More...
WTI OIL – recovery hold within daily cloud but the downside remains vulnerable
WTI oil price bounced after testing daily cloud base ($65.38) on Wednesday, keeping strong rising support which underpins recovery rally from $64.21 (05 June low).
Series of higher lows and higher highs define near-term uptrend, but…
Read More...
Read More...
AUDUSD – bearish bias below daily cloud
The Aussie dollar edged higher on Wednesday after extension of four-day descend found footstep at 0.7553 (30SMA) and profit-taking on Tuesday's 0.5% fall pushed the price higher.
Near-term action holds in a downtrend from 0.7676/73…
Read More...
Read More...
USDJPY – bulls extend after close above 200SMA
The pair continues to trend higher and holds firm bullish mode for the third straight day.
Tuesday's close above pivotal 200SMA barrier was strong bullish signal, as fresh extension higher cracked next targets at 110.62 (Fibo 76.4% of…
Read More...
Read More...
GBPUSD remains offered ahead of UK CPI data
Cable holds in red for the fourth consecutive day and pressures lows of past two days at 1.3342, after eventual break below 10SMA (1.3368), also Fibo 38.2% of 1.3204/1.3472 upleg / 4-hr cloud top, which generated bearish signal.
Risk of…
Read More...
Read More...
EURUSD – increased downside risk seen on break below 1.1720/13 pivots while 30SMA caps; Fed in…
The Euro stands at the back foot in early Wednesday's trading, following previous day's close in red and fourth straight failure to close above falling 55SMA.
Firmer dollar ahead of today's FOMC rate decision adds to rising pressure on the…
Read More...
Read More...
EURUSD likely to hold in directionless mode until the ECB but the risk of fresh weakness exists…
The Euro holds in directionless mode on Tuesday, unable to finally break above falling 30SMA pivot, but strong downside rejection earlier today signaled that the downside is protected for now.
Bullish setup of daily techs and strengthening…
Read More...
Read More...
COPPER correct on profit taking after nearly 7% rally
Copper stands at the back foot on Tuesday after strong fall on Monday, when the metal was down nearly 1.5%.
Profit-taking on almost 7% rally in six-days, which was driven by fears of significant reduction in supply from the world's biggest…
Read More...
Read More...