Windsor News & Research Blog - Forex & CFD Market Analysis

Cable dipped below 1.33 handle in early hours of US trading after bullish acceleration earlier today faced strong headwinds from falling 10SMA (1.3351). Stronger dollar on upbeat US consumer spending which registered biggest gain in past…
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The USDCAD pair rallied at the beginning of the US session, supported by rise in US consumer spending and fall in US weekly jobless claims. US consumer spending rose Canadian dollar is retracing Thursday's strong rally, inspired by…
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Copper holds in red on Thursday after positive China’s manufacturing data pushed price higher but gains were short-lived as report showed copper inventories rose. Choppy trading in past four days resulted in daily candles with long…
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WTI oil price eased on Thursday as traders took profit on Wednesday’s strong rally when oil price rose 2.06% in a biggest one-day rally since 18 Apr. The rally was boosted by report that OPEC will keep production cut until at least the end…
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The Aussie dollar hit new recovery high at 0.7590 on Thursday and pressures key barrier at 0.7605 (22 May high), but so far lacking momentum for final attack. Strong rally of 0.92% on Wednesday which also formed bullish Outside Day, is…
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Recovery action from 108.11 (29 May low) shows initial signs of stall, as upside attempts were rejected at 109.07 on Wednesday, failing to break above the top of falling hourly cloud and capped by falling 5SMA, while early Thursday's…
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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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