USDTRY consolidates under new record high; keeps bullish bias
The USDTRY pair eased from last Friday's fresh all-time high at 4.0359 but maintains firm tone on Monday after corrective easing found support at 3.95 zone, keeping intact initial support at 3.9458 (rising daily Tenkan-sen).
Fresh strength…
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EURUSD extends rally on fresh risk sentiment as trade war concerns fade
The Euro gained pace and surged through initial barriers at 1.2402/12 (Fibo 61.8% of 1.2555/1.2154 pullback / 14 Mar lower top), as fears about trade war started to fade, bringing risk sentiment back to play.
The single currency is in…
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COPPER – bears extend and look for test of weekly cloud top
Copper remains firmly in red at the beginning of the week and slid to new multi-month low at $2.9370 (the lowest since late Sep 2017) on probes below key support at $2.9425 (05 Dec low).The metal holds in strong bearish mode which resulted…
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GBPUSD extends to new seven-week high
Cable maintains positive tone on Monday and broke through previous high at 1.4218, hitting new 7-week highs.
Firm break above cracked upper boundary of daily bull-channel (after two attempts last week failed) was bullish signal which adds…
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SPOT GOLD bull on hold on Monday; eye US-China talks
Spot Gold holds within narrow consolidation under fresh five-week high ay $1350 and holding firm tone after strong rally last Friday and strong bullish close of the last week.
The yellow metal benefited on increased safe-haven demand on…
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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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