EURUSD needs close above two-day congestion top to generate stronger bullish signal
The Euro holds positive tone in early Monday’s trading and probes again above cracked pivotal barriers at 1.1672 (10SMA) and 1.1695 (Fibo 38.2% of 1.1996/1.1509 bear-leg).
However, the pair is still holding within the range of past two…
Read More...
Read More...
GBPUSD – recovery may extend after break above 10SMA
Cable stands at the front foot at the beginning of the week and broke above Fibo barrier at 1.3362 (38.2% of 1.3617/1.3204 bear-leg) after Friday’s trading closed above 10SMA (1.3332) and generated bullish signal.
Repeated close above…
Read More...
Read More...
AUDUSD extends through pivotal 0.7605/12 pivots after stronger than expected data
The Aussie dollar advanced strongly in Asia on Monday, driven by upbeat data. Australian corporate profits rose by 5.9% in Q1, beating forecast for 3.0% rise, while retail sales were up 0.4% in April vs 0.2% forecast.
Better than expected…
Read More...
Read More...
Upbeat May US jobs data further boost June rate hike expectations and support dollar
US jobs data surprised higher in May. Non-Farm payrolls rose 223K, beating expectations for 188K rise, while previous month’s figure was revised lower to 159K from initial 164K release.
Average hourly earnings, one of closely-watched…
Read More...
Read More...
SPOT GOLD – extended directionless mode and narrowing range ahead of US jobs data
Spot Gold trades within extended triangular consolidation with tight range on Friday, in expectation of US jobs report which is expected generate stronger direction signal.
The price is holding between converging 10SMA ($1297)…
Read More...
Read More...
WTI OIL – rising daily cloud continues to limit downside attempts but outlook remains negative below…
WTI oil price moved higher on Friday after falling 1.7% previous day as report of further rise in US oil production offset positive impact from a massive draw in US crude inventories (3.6 million barrels vs forecasted draw of 0.4…
Read More...
Read More...
AUDUSD at the back foot on renewed trade war fears; US jobs data expected to provide clearer…
The Aussie dollar dipped to session low in Asia on Friday after previous day’s upside attempts stalled under strong 0.76 zone barrier.
Renewed fears about trade war as the US imposes new tariffs on imported steel and aluminum kept…
Read More...
Read More...
USDJPY – 30SMA likely to cap recovery
The pair accelerated higher in early Friday’s trading, following triple downside rejection which left long-tailed daily candle of past three days, signaling that pullback from 111.39 (21 May high) runs out of steam.
However, prevailing…
Read More...
Read More...
GBPUSD remains below 10SMA ahead of UK Mfg data
Cable stood at the back foot in Asia on Friday, with recovery attempts in early European trading, but near-term outlook is negatively aligned.
Thursday’s strong upside rejection which left daily candle with long upper shadow…
Read More...
Read More...
EURUSD trades around pivotal 10SMA barrier but holds firm tone ahead of US jobs data
The Euro holding within narrow range around falling 10SMA (currently at 1.1682) in early Friday’s trading, but remains firm following past two days rally.
Probes through key near-term barriers, 10SMA and Fibo 38.2% of…
Read More...
Read More...