USDJPY – bulls cracked 109 barrier and eye cloud top, but may correct lower before resuming
The pair cracked 109 barrier on fresh extension higher at the beginning of US session on Tuesday, but so far without clear break through round-figure barrier, reinforced by descending 100SMA.
Strong bullish sentiment remains in play for…
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EURUSD – Weak German data added to negative outlook as traders expect dovish tone from the ECB…
The Euro hit new session low at 1.2181 after weak German data added to negative outlook. IFO index fell below expectations in Apr )102.1 vs 102.8 f/c), continuing to deteriorate from January's peak at 117.6 and signaling that German…
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SPOT GOLD – bears take a breather but recovery attempts stay capped by daily cloud
Gold price is higher on Tuesday on profit taking from three-day steep fall, which hit new 2 ½ week low at $1322.
The upside action was so far limited as strong dollar and reduced safe-haven demand continue to weigh.
Recovery attempts were…
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WTI OIL – near-term focus turns higher on fresh geopolitical concerns
WTI oil regained strength and bounced above $69 on Tuesday, after attempts to extend corrective pullback from new high at $69.54 (posted on 19 Apr) was strongly rejected on Monday.
Rising 10SMA contained dip and continues to underpin fresh…
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AUDUSD – break through key supports opens way for further weakness
The Aussie dollar extends steep fall of past three days on Tuesday and cracks key supports at 0.7635/17 (Fibo 38.2% of larger 0.6826/0.8135 ascend / main bull-trendline off 2016 low at 0.6826).
Firm break here would generate strong bearish…
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USDJPY – bulls eye key barriers at 109.00/31; corrective easing may precede fresh rally
The pair maintains firm bullish tone in early Tuesday's trading and extended strong rally on Monday (up 0.85%, the biggest one-day gain since 28 Mar) to new 2 ½ month high at 108.87.
Close above double-Fibonacci barriers at 108.25/49 on…
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EURUSD – bears pressure key supports at 1.2172/53
The Euro extends steep three-day fall on Tuesday and broke below rising 100SMA (1.2206) which was cracked on Monday's strong bearish acceleration when the pair was down 0.5%.
The single currency was down around 1.5% on fall from 1.2413…
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GBPUSD looks to extend steep descend through daily cloud top, but limited corrective upticks not…
Cable holds in red for the sixth straight day and attempts to extend steep descend from last week's peak at 1.4376 (the highest level after Brexit vote).
Strong bearish signal was generated on Monday's break and close below pivotal support…
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USDCAD – extended recovery pressures daily cloud top
The pair remains firmly in green for the fourth straight day and hit new recovery high at 1.2840 (the highest since 04 Apr).
Fresh extension higher on Monday marked over 50% retracement of 1.3124/1.2527 bear-leg) and pressures key barrier…
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SPOT GOLD extends sharp fall on Monday and pressures strong supports at $1319/18
Strong bearish acceleration on Monday extends steep fall of last Thu/Fri, marking so far near 1% loss for the day.Fresh bears broke through thin daily cloud and pressure strong supports at $1319/18 (06 Apr low / rising 100SMA).Stronger…
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