GBPUSD – tight consolidation after bearish outside day eyes further signals from US jobs data
Cable holds in tight consolidation around 1.40 handle on Friday after previous day’s strong fall which dented key 1.40 support zone but failed to close below.
Sideways mode today could be see as consolidation ahead of fresh downside, as…
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EURUSD – bearish tone dominates ahead of US jobs data
The Euro remains under pressure on Friday and hit new five-week low on probe below Thursday’s low at 1.2218.
Fresh extension lower looks for close below 1.2240/30 pivots (higher base / Fibo 76.4% of 1.2154/1.2476) after Thursday’s dip…
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USDJPY – bulls continue to pressure key barriers ahead of US jobs data
The pair regained traction and is pressuring daily cloud base again after dipping to 107 in early Asian trading on Friday, as US President Trump shook the markets by threats for additional tariffs on China.
The impact on the pair from…
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GBPUSD tested key 1.40 support after downbeat UK data but so far unable to break lower; US jobs data…
Cable came under increased pressure after UK Services PMI came in much weaker than expected figure in March (51.7 vs 53.9 f/c and 54.5 in Feb) and dipped to 1.40 support on subsequent bearish acceleration.
The sentiment soured after…
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WTI OIL eases, unable to hold gains after upbeat US crude stocks data
Oil price is losing traction on Thursday and eases after bumpy ride on Wednesday, when oil initially dipped to new 3 ½ week low at $62.05 and bounced to $63.62 on upbeat US crude inventories data.
EIA report showed weekly crude inventories…
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SPOT GOLD remains under strong pressure on fresh risk on mode as trade war fears ease
Gold price extends steep fall on Thursday and dipped to session low at $1324, to nearly fully retrace recovery leg from $1321 which stalled at $1348 on Wednesday.
The yellow metal fell sharply on fresh risk appetite as strong fears about…
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AUDUSD – negative outlook below key barriers at 0.7735/47
The Aussie dollar remains offered on Thursday and probes back below 10SMA (0.7688), as the greenback regains traction on reduced trade war fears.
The pair failed to sustain recovery after Wednesday's dip and subsequent bounce, which…
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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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