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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EURUSD, the price is back to the support level range of 1.1554 and 1.1510. Following the short-term…
EURUSD
During his speech yesterday, ECB Chairman Mario Draghi repeated the previous topic regarding expansionary policies and schedules. Market prices were not affected following the speech.
Today, Mr. Draghi and another three…
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GBPUSD, An important vote will take place tomorrow in the House of Commons on the Brexit Bill
GBPUSD,
An important vote will take place tomorrow in the House of Commons on the Brexit Bill. Based on the results of the vote, the market trend may be affected. If the majority votes for the Brexit Bill, it could increase demand for…
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AUDUSD, Following the release of the meeting minutes of the Australian Monetary Policy Council and…
AUDUSD,
Following the release of the meeting minutes of the Australian Monetary Policy Council and with the increasing divergence between Australian and US monetary policies, demand for the Australian dollar fell against the US dollar.…
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USDJPY, This Trade War between the two major economic super powers, are increasing international…
USDJPY
The Chinese government began imposing tariffs on certain US imports yesterday. The US government and President Trump threatened to impose new tariffs on $200 billion in Chinese imports.
This Trade War between the two major…
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