USDJPY accelerate on fresh risk-on mode, eye key barriers – 55SMA / daily cloud base
The pair maintains bullish tone on Thursday, as greenback regained traction on hopes that trade war can be averted and probes through 107 barrier after short-lived dip to 106 on Wednesday and repeated close above a cluster of MA's which are…
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GBPUSD is trading between converging 20&10SMA’s and looking for directional signal
Cable managed to regain traction after Wednesday's dip to 1.4014 which dented key supports (rising 20SMA / daily cloud top), where losses were contained.
Subsequent recovery was again capped by 10SMA (1.4087) which marks key near-term…
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EURUSD – negative outlook below 30SMA
The Euro holds in red in early European trading on Thursday and pressures Tuesday's low at 1.2253, following limited upside action in Asia (capped at 1.2290).
Strong upside rejection on Wednesday, when upside attempts stalled just under 30…
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GBPUSD – key support zone under pressure as pound eases after downbeat UK data
Cable fell to session low at 1.4041, unaffected by turmoil in the markets on China's retaliation on US tariffs plan but came under pressure on weak UK construction data (Construction PMI fell to 47 in Mar the lowest since July 2016 vs 50.9…
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SPOT GOLD rallies strongly on fresh safe haven demand
Gold price surged on Wednesday on renewed safe haven demand after China announced tariffs on imported US goods, which shook the markets and increased uncertainty.
The yellow metal peaked at $1344, retesting Monday's high, as fresh bullish…
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WTI OIL – sharp fall neutralizes positive impact from surprise crude stocks fall; EIA data…
Oil price fell on Wednesday to new two-week low on strong acceleration after announcement on China tariffs.
Fresh weakness fully retraced Tuesday's recovery after oil price peaked at $63.84, boosted by surprise drop of oil stocks (API…
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AUDUSD erases overnight’s gains on risk aversion after China tariffs announcement
The Aussie dollar fell sharply to the session low at 0.7664 after China announced new tariffs on US good, sparking strong risk aversion in the markets.
Fresh weakness erased gains on upbeat Australian retail sales, when the pair spiked to…
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USDJPY – 30SMA support came under pressure after repeated failure at 106.65 Fibo barrier
The pair eases from the session high at 106.68 after repeated failure to clear strong barrier at 106.65 (Fibo 61.8% of 107.90/104.63 descend).
Initial support at 106.23 (30SMA) is under pressure, with weakening momentum seeing risk of…
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GBPUSD – recovery dented pivotal barriers at 1.4100 zone, but so far unable to break higher
Cable remains in green for the fourth straight day on Wednesday, gradually extending recovery from the higher base at 1.4010.
Fresh extension higher dented pivotal barriers at 1.4090/99 (10SMA / Fibo 38.2% of 1.4243/1.4010 bear-leg) but…
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EURUSD stands at the back foot ahead of EU inflation data
The Euro started European session at the back foot after short-lived recovery in Asia which was capped by previous congestion floor, now acting as initial resistance at 1.2283.
Tuesday's strong fall was sparked after a cluster of MA's…
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