WTI OIL – bulls are taking a breather ahead of key $66.64 barrier
WTI oil trades lower in mid-European session after hitting new two-month high at $66.53 in early Monday's trading.Fresh extension of Friday's strong rally showed signs of stall just ticks ahead of 25 Jan recovery high at $66.64 (the highest…
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AUDUSD – bears take a breather on US-China talks, but strong bearish bias remains while 10SMA…
The Aussie dollar trades in recovery mode on Monday and is firmly above 0.77 handle, supported by news about US-China talks, which aim to improve current situation and prevent trade war.
Positive results of talks could result in further…
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GBPUSD – bulls probe again above bull-channel resistance line
Cable stands at the front foot at the beginning of the week, maintaining bullish sentiment on last week's positive news from Brexit negotiations and strong data. Bulls probe again above cracked bull-channel resistance line (1.4176), in…
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EURUSD – bulls eye pivots at 1.2402/12 after eventual close above trendline resistance
The Euro remains firm tone on Monday and extends last Friday's rally which resulted in eventual close above bear-trendline off 1.2555 high.
Fresh bulls probe above last week's high at 1.2388 and look for test of next pivots at 1.2402/12…
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USDJPY may hold in extended consolidation before bears resume; falling 10SMA expected to cap…
The pair bounced back to 105 zone in late Asian / early European trading after starting the week with 20-pips gap-lower and retesting Friday's low at 104.63 (the lowest since November 2016).
Positive sentiment for Japanese currency…
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USDCAD – Loonie rallies on better than expected Canada’s CPI data
Canadian dollar rallied against its US counterpart on Friday, driven by better than expected Canada's inflation data (Feb CPI y/y 2.2% vs 2.0% Jan; Core y/y 1.5% vs 1.4% f/c).
At the same time, Canada's retail sales undershot forecasts…
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SPOT GOLD rallied above daily cloud on rising safe-haven demand
Spot Gold hit one-month high at $1343 on fresh bullish acceleration on Friday, driven by increased safe-haven demand on rising fears about global trade war.
Fresh extension higher signals continuation of recovery rally from $1307 (20 Mar…
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USDTRY – hit new record high on break above psychological 4.00 barrier
As signaled in my previous reports, the USDTRY pair regained its previous high at 3.9814 and surged through psychological 4.00 barrier into uncharted territory, hitting new record high at 4.0359 on Friday.
There were several factors that…
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AUDUSD – bears remain fully in play but extended consolidation is to precede fresh downside
The Aussie dollar bounced above 0.77 mark on Friday after strong fall on Thursday threatened of retesting new three-month low at 0.7672, posted on Wednesday.Recovery attempts were so far limited (capped at 0.7730) as technicals are firmly…
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GBPUSD may extend pullback from new high at 1.4218 before bulls resume
Cable is holding within tight range on Friday, after rallying to new 2 ½ month high at 1.4218 on Thursday but was unable to hold gains and ended day in red.
Return below cracked bull-channel's upper boundary and Thursday's bearish daily…
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