WTI OIL – bulls extend into sixth straight day; EIA report eyed for fresh signals
WTI oil continues to trend higher, moving in uninterrupted rally which extends into sixth straight day on Wednesday, with fresh extension probing through previous high of 26 Feb at $64.22.
Concerns about renewed tensions in the Middle East…
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AUDUSD – recovery attempts stalled at 0.77 barrier; Fed decision eyed for fresh signals
Recovery attempts on Wednesday from new three-month low at 0.7678 (posted on Tuesday) were so far short-lived.
Bunce stalled on probe above initial barrier at 0.7700 and subsequent fall kept immediate focus at the downside.
Firm bearish…
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GBPUSD rises on upbeat UK earnings but key 1.41 barrier is still intact; focus turns to FOMC
Sterling jumped above Tuesday's high at 1.4066, boosted by better than expected UK earnings data and pressures strong barriers at 1.4088 (Monday's spike high) and 1.4102 (Fibo 61.8% of 1.4345/1.3711 descend).
Upbeat UK earnings (including…
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USDJPY – daily Kijun-sen weighs and caps recovery; Fed’s decision expected to give…
The pair holds in red on Wednesday, keeping overall bearish bias intact after strong rally on Tuesday which peaked at 106.60.
Recovery stalled as daily Kijun-sen in steep fall (currently at 106.57) weighs heavily and capped today's action.…
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GBPUSD stands at the front foot ahead of UK jobs data
Cable stands at the front foot on Wednesday and attempts to fully recover previous day's dip which found footstep at 1.40 zone, which previously acted as strong resistance and now offers solid support.Overall bullish structure off 1.3711…
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EURUSD – close below cloud top / 55SMA was bearish signal/ Fed decision would be next strong…
The Euro bounces from three-week low at 1.2240 on Wednesday, after suffering heavy losses the day before, on fall from 1.2354 to 1.2240.
Tuesday's penetration of thick daily cloud and close below key points at 1.2295/65 (cloud top /…
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NASDAQ falls over 2% on Monday
Nasdaq was sharply lower after Wall St opening and hit new two-week low at 6888 on Monday, marking total loss of over 2% for the day, so far.The index was dragged lower by strong fall of Facebook shares which were down over 5% on…
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USDTRY – steep rally approaches key barriers at 3.9814 /4.00
The USDTRY extends steep ascend into sixth straight day and hit new nearly four-month high at 3.9520 on Monday, after fresh bullish extension took out barrier at 3.9186 (Fibo 76.4% of 3.9814/3.7153 correction).
Record high at 3.9814 (22…
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GBPUSD – eventual break above 1.40 pivot
Cable eventually broke above 1.40 barrier on Monday after being congested under it for past four days. Fresh bullish acceleration on Monday was sparked by comments about UK and EU reached Brexit deal, and sent pound to new one-month high…
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COPPER falls strongly on Monday; key support at $3.0540 is under strong pressure
Copper price fell sharply on Monday, extending pullback from last week's spike high at $3.1905, to nearly fully retrace $3.0540/$3.1905 recovery leg on dip to $3.0570 so far.
The metal maintained bearish bias from last Wednesday's upside…
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