XAUUSD – bulls remain firmly in play on geopolitical / trade tension
Gold price continues to trend higher and extends advance into fourth straight day on Wednesday, driven by rising safe-haven demand on geopolitical concerns and continuous trade tensions between the US and China.
The yellow metal gained…
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WTI OIL maintains firm bull tone ahead of EIA report / US CPI data
Oil price regained traction and hit new marginally higher two-week high at $65.89 on Wednesday, after brief pullback found footstep at $65.14.Oil price surged on Monday and Tuesday, gaining nearly 6%, on rally from $61.80 through which…
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AUDUSD holds in narrow consolidation after Tuesday’s rally; eyes key 100/200SMA barriers
The Aussie dollar stands at the back foot on Wednesday, consolidating above new recovery highs at 0.7768 after strong bullish acceleration on Tuesday eventually broke above two-week congestion.
Consolidation was so far shallow and…
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USDJPY – thick daily cloud continues to cap and keep the risk of reversal; upbeat US CPI data…
Thick daily cloud continues to limit recovery leg from 104.63 for the fifth consecutive day, with growing risk of stall, as bulls failed to close above cloud base in four consecutive attempts.
loud is spanned between 107.18 and 109.34 and…
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GBPUSD probes above 1.4200 barrier ahead of UK data; upbeat results could spark fresh acceleration…
Cable hit new two-week high above 1.42 barrier in early European trading on Wednesday, extending strong bullish sequence from 1.3965 trough (05 Apr) and looking for full retracement of 1.4244/1.3965 fall.
Daily MA's in positive setup and…
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EURUSD – bulls pressure 1.24 barrier; Draghi / US CPI data in focus
The Euro remains bid on Wednesday and extends bull-leg from 1.2215 base into fourth straight day, probing through cracked pivot at 1.2376 (Fibo 61.8% of 1.2476/1.2215 bear-leg).
Bullish daily techs continue to support as the pair is…
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GBPUSD extends post NFP recovery; looks for bullish signal on strong Friday’s close
Cable accelerated strongly higher after US jobs data and hit one-week high on eventual break above 10SMA (1.4077) and probe through psychological 1.4100 barrier (also 50% retracement of 1.4243/1.3965 descend.
Strong bounce from 30SMA…
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EURUSD rises on NFP miss and trade war fears but key barriers still intact
The Euro bounced from dangerous territory (session low at 1.2215 is new five-week low) after US NFP data disappointed expectations, with dollar being additionally pressured by renewed fears of trade war escalation.
US President Trump…
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USDCAD – Loonie rises further on strong Canadian and disappointing US jobs data
The pair fell after data and hit new nearly six-weeks low at 1.2733 after US NFP disappointed at 103K in March, showing the lowest creation of jobs in six months, while unemployment rate remained unchanged at 4.1%, missing forecast at 4.0%.…
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USDTRY hits new record highs on news that CB is preparing plan to lower interest rates
The Turkish lira hit new record high at 4.0657 on Friday, in extension of previous day’s strong fall, with signals that lira could weaken further.
Fears among investors rose after news that Turkish government works on measures to lower…
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