Windsor News & Research Blog - Forex & CFD Market Analysis

Cable stands at the front foot on Thursday and attempts to extend bounce of new low at 1.3205 (29 May) where top of weekly cloud contained fall from 1.4376 peak. Break above falling 5SMA (1.3295) opens way towards strong barriers at…
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The Euro remains firm on Thursday and extends previous day's 1.07% rally as concerns about political turmoil in Italy ease. Renewed probe above weekly cloud top pressure pivotal barriers at 1.1688 (falling 10SMA) and 1.1695 (Fibo 38.2% of…
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The Canadian dollar surged against its US counterpart after Bank of Canada kept interest rates unchanged at 1.25% as expected, but changed rhetoric about future rate moves, which boosted the loonie. The central bank left rates…
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The Euro extended recovery on hopes that renewed attempts of Italy to form a government and avoid snap elections which could deepen political turmoil. The single currency also benefited from better than expected German inflation data (May…
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The pair remains in red on Wednesday but holds above Tuesday’s low at 0.9850, when strong bearish acceleration cracked key supports at 0.9881 (top of weekly cloud) and 0.9856 (Fibo 38.2% of 0.9534/1.0056 upleg) but failed to…
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Basing attempts are seen on daily chart as oil price holds for the third straight day above the top of rising daily cloud which so far contained steep fall in past few days. Profit-taking could boost the price and signal reversal on break…
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The Aussie dollar strengthened in European session on Wednesday after hitting new two-week low at 0.7475 in Asia on downbeat Australian building approvals which fell 5% in Apr, undershooting forecast for 2.9% fall. Fresh recovery was…
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The pair holds above strong 108.15/00 support zone (converging 100/55SMA’s / 50% of 104.63/111.39 ascend) on Wednesday and consolidating losses of past two days. Tuesday’s strong downside rejection (daily low at 108.11) signals bears…
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Cable tracks the Euro in early European trading and extends bounce from new multi-month low at 1.3205. Fresh extension higher pressures 1.33 resistance zone (Tuesday’s intraday high / falling 5SMA) break of which would sideline immediate…
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The Euro moved higher from new 10-month low at 1.1509 on Wednesday after rumors that Italy may not force snap election provided temporary relief. Additional boost to the single currency in early Wednesday’s trading came from better than…
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