EURUSD extends recovery after US inflation miss; reversal pattern is forming on daily chart
The Euro extended recovery above 1.19 handle as dollar fell after US inflation miss on Thursday.
US CPI rose 0.2% in April, undershooting forecast at 0.3% while core CPI also fell below expectations (2.1% in Apr vs 2.2% f/c) which could…
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Sterling fell after BoE’s neutral hold in May but remains in directionless mode within…
Cable fell to 1.35 zone on bearish acceleration from session high at 1.3617, after Bank of England was in neutral hold in May's meeting.
The central bank kept rates unchanged as expected and previous meeting vote came in line with…
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WTI OIL rallied to new 3 ½ year high, boosted by escalation of tensions in the Middle East / strong…
WTI oil extends strong rally into third straight day on Thursday and hit new 3 ½ year high at $71.86.
Oil prices accelerated sharply higher this week after President Trump announced US withdrawal from nuclear agreement with Iran,…
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AUDUSD extends recovery but strong US inflation numbers could limit rally
The Aussie dollar extends bounce from 11-month low at 0.7412 on Thursday, following strong downside rejection previous day, which left long-tailed Doji candle.
Fresh recovery hit session high at 0.7486 so far and generates initial bullish…
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USDJPY – fresh bulls retest 110 barrier; strong US CPI data to help final break above 200SMA
The holds firm tone on Thursday and hits 110 barrier again, in extension of strong rally previous day.
Full bullish setup of daily techs supports positive sentiment for eventual break above key barriers at 110.00/16 (psychological…
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EURUSD – 10SMA to cap extended upticks before bears continue
Bears are taking a breather in early Thursday's trading and holding within narrow consolidation above new 4 ½ month low at 1.1822, posted on Wednesday.
Overall structure remains bearish and favors further weakness for test of initial…
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GBPUSD holds within extended consolidation range; awaiting BoE for fresh direction signal
Cable ticked higher in early European trading on Thursday but remains within four-day range and holds above key support - 200SMA, despite several spikes lower.
Double long-legged Doji in past two days signals strong indecision, which…
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USDCAD eases after bulls stalled under 1.30 barrier; daily cloud top / 10SMA mark key supports
The USDCAD pair eased on Wednesday as the greenback eased from fresh highs posted after US decision on Iran while loonie was boosted by fresh rise in oil prices.Tuesday's rally which marked eventual break above two-week 1.2800/1.2915 range…
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Turkish lira bounces from new record low on signals the CBRT may take an extraordinary action
The Turkish lira hit new record low at 4.3741 against US dollar on Wednesday, in fresh extension after decision of US President Trump to pull the US from international nuclear deal with Iran boosted dollar.
Gains proved to be short lived…
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SPOT GOLD falls back to 200SMA as dollar rallies
Gold price was sharply lower on Wednesday, as dollar rose on US decision to exit international nuclear deal with Iran.
The yellow metal spiked to one week low at $1304 and cracked key support provided by rising 200SMA which contained…
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