GBPUSD hits new 2018 high and could extend rally if UK jobs data beat forecasts
Cable continues to trend higher and hit new post-Brexit recovery high at 1.4369 on Tuesday as extension of Monday’s strong rally broke above previous 2018 high at 1.2344 (25 Jan).
Pound remains supported on rising expectations of BoE’s…
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USDTRY- correction from new record high shows signs of basing as weak Turkish unemployment data…
The pair started to gain traction on Monday and bounced to 4.1175 after pullback from new record high at 4.1932 (11 Apr) found footstep at 4.0720, just above rising 10SMA, which currently lies at 4.0693.
Overall bullish structure is…
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Cable probes above 1.43 for the first time since Jan 25
Cable broke above 1.4300 barrier for the first time since 25 Jan, in fresh bullish acceleration on Monday, which offset initial signal of stall from Friday's Shooting star.
Sterling extends bull-leg off 1.3965 (05 Apr trough) and is on…
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WTI OIL eases on lowered tension over Syria / overbought studies
Oil price fell over 1% on Monday on growing signs that weekend air strikes on Syria were unlikely to escalate.
Rising geopolitical tensions sent oil price to the highest levels in over three years at $67.74 last week, which resulted in…
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USDJPY – bullish bias above daily cloud base but close above Fibo barrier at 107.56 needed for…
The pair holds between daily cloud base (107.16) and cracked Fibo barrier at 107.56 (50% retracement of 110.48/104.63 bear-leg) on Monday, but keeping bullish bias while above cloud base.
Friday's upside rejection at 107.77 and failure to…
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GBPUSD holds firm tone in early Monday’s trading and ignores negative signal from…
Cable is standing at the front foot in the early European trading despite upside rejection at 1.4268 (session high).
Overall structure remains bullish and keeps target at 1.4300 in focus, after key near-term barrier at 1.4244 (27/26 Mar…
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EURUSD – daily cloud / 10SMA hold for now but the downside remains vulnerable
The Euro traded within tight range in Asia on Monday, showing no significant reaction on US strikes on Syria over the weekend.
The EURUSD pair maintains bullish bias at the beginning of the week, despite last week's pullback to 1.2299, as…
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SPOT GOLD – the downside remains vulnerable on risk sentiment / weak techs, geopolitical…
Gold price moved slightly higher on Friday and hit session high at $1341 but remains at the back foot following sharp fall on Thursday, when the yellow metal fell $20 on renewed risk sentiment after geopolitical tensions eased.Daily techs…
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WTI OIL rallies to new 40-month high on bullish signals from IEA report
Oil price rallied to new 40-month high at $67.74 on Friday after International Energy Agency reported that global oil stocks returned to desired levels and oil glut is almost over, while demand remains unchanged.
Fresh strength after oil…
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AUDUSD – rally on fresh risk sentiment pressures key barriers of 200SMA and daily cloud base
The Aussie dollar regained traction on Friday and resumed recovery rally from 0.7640 base, which was interrupted by two-day consolidation.
Fresh bullish acceleration was triggered by renewed bullish sentiment in the market and cracked and…
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