Firm bearish stance after eventual break below triangle support; US jobs data in focus
The Euro holds in red for the fourth consecutive day, with fresh extension of Thursday's strong fall on Friday, pressuring support at 1.1574 (19 July spike low).
Firm dollar on US/China trade war worries keep the Euro under increased…
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Trade tensions keep metal’s price firmly in red
Copper extends strong fall of the previous day to new two-week low at $2.7060 on Thursday, as fears of escalation of trade tensions between the US and China, metal's biggest consumer, keep the price firmly in red.
On the other side, news…
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Bearish sentiment after rate decision as BoE is not in hurry for further hikes
Cable slumped near psychological 1.30 support, following short-lived post-BoE spike to 1.3124, as post-rate decision comments from BoE Governor Carney soured the sentiment.
The Bank of England raised interest rates by quarter of point as…
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Strong pressure on crude stocks build and trade tensions persists
WTI oil holds firmly in red for the third straight day and probes below key support at $67.03 (17/18 July lows) on Thursday.
Surprise rise in crude inventories of 3.8 million barrels vs forecasted draw of 2.8 million barrels, added to…
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Extended bears pressure key support at 0.7370
The Australian dollar holds firmly in red on Thursday and extends weakness of the previous day, denting key near-term support at 0.7370 (27 July low / Fibo 61.8% of 0.7317/0.7464 upleg).
Upbeat Australian trade balance data (trade surplus…
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Break above psychological 5.00 barrier could extend towards 5.20 zone on weak Turkey’s CPI…
The USDTRY pair rallies in uncharted territory after strong rally on Wednesday eventually broke above psychological 5.00 barrier and extended higher on Thursday.
Lira was weakened significantly after last month's CBRT action and entered…
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The pair holds in red after strong rejection under key Fibo barrier
The pair stands at the back foot on Thursday, with little positive impact from hawkish Fed and weighed by recent talks about higher tariff plan.
Bulls were strongly rejected on Wednesday after rally stalled just ahead of key Fibo barrier…
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Post-Fed weak tone extends ahead of BoE decision
Cable dipped to new almost two-weeks low at 1.3067 in early European trading on Thursday, extending post-Fed weakness.
Probe through higher base at 1.3065 was initial bearish signal, as bearish configuration of daily techs suggests further…
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Probe below triangle support is bearish signal; US jobs data could confirm bearish continuation
The Euro cracked key support at 1.1636 (triangle support line) on Thursday, in extension of bear-leg from 1.1745 (31 July spike high).
Bears extend into third straight day, with strong bearish signal being generated on Wednesday's break…
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Mild reaction on upbeat US private jobs data keep the pair within tight range ahead of FOMC
The Euro eased from session high at 1.1699 as upbeat US jobs data offered mild support to dollar, but remains in overall neutral mode, moving within 25-pips range ahead of today's key event, FOMC policy decision.
Upbeat US ADP private…
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