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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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