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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EURUSD – thick daily cloud continues to underpin but the downside is still vulnerable
The Euro moved higher in early European trading on Friday, boosted by EUR/JPY buying on renewed risk sentiment.
Thursday's failure close below daily cloud top, despite spike deeply in the cloud and today's bounce, sidelined immediate…
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GBPUSD – bulls probe above key barriers – former top / weekly 200SMA
Cable maintains bullish tone on Friday and extends above former high at 1.4244 (26/27 Mar double-top), probing above next strong barrier at 1.4255 (falling weekly 200SMA).
Uninterrupted rally from 1.3965 (05 Apr trough) extends into sixth…
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USDJPY – bulls eye target at 108 and could extend further after eventual break and close above…
The pair stands at the front foot on Friday and hit seven-week high at 107.67, in extension of Thursday's rally.Easing geopolitical tensions triggered fresh risk sentiment which lifted the greenback.Yesterday's close above 55SMA (107.05)…
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EURGBP falls to 10-mth low on strong bearish acceleration
The cross is in step fall which commenced in mid-European and extends into American session on Thursday.
Strong acceleration broke through key supports at 0.8692 (Fibo 61.8% of 0.8312/0.8306, Apr/Aug 2017 ascend) and 0.8668 (22 Mar spike…
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USDJPY probes into daily cloud again on fresh dollar’s recovery
The pair bounced above 107 handle of fresh risk-on mode and hit session high at 107.26, on renewed probe though the base of thick daily cloud (107.16).
Falling cloud marks very strong barrier which capped attempts in previous few sessions…
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EURUSD penetrates daily cloud on fresh weakness after soft ECB minutes
The Euro extended weakness after release of ECB minutes and broke below key support at 1.2327 (daily cloud top / Fibo 38.2% of 1.2215/1.2396 gull-leg).
The minutes of ECB's last month meeting showed strong concerns about trade war and its…
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COPPER extends weakness on Thursday; down nearly 2% as traders took profits on fears of escalation…
Copper was sharply lower on Thursday, extending pullback Wednesday's one-month high at $3.1460, being down nearly 2% for the day so far.
Investors fear from situation in Syria which could escalate and took profit from 2 ½ week rally from…
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SPOT GOLD pulls back on easing geopolitical tensions but keeps bullish bias
Gold price holds in red on Thursday and eases from new high at $1365 (the highest since 25 Jan), posted on Wednesday in strong safe-haven rally.Traders booked profits of strong four-day rally, as immediate threats of escalation of Syria…
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