EURUSD bounces after strong US NFP failed to produce stronger bearish action; thick daily cloud…
The Euro stands at the front foot at the beginning of the week and accelerated higher in early hours of the European session on Monday.
Fresh upside retested 20SMA at 1.2340 (also Fibo 38.2% of 1.2446/1.2272 downleg) which capped Friday's…
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USDJPY may extend recovery towards 110 on fresh bullish sentiment
The pair cracked 107 barrier in extension of rally that started at the beginning of Asian session today and was further boosted by upbeat US NFP data.
Non-Farm payrolls surprised strongly at the upside, while higher than expected…
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COPPER bounces from new 1-mth low but could fall further on strong US jobs data
Copper hit one-month low at $3.0540 on Friday, in extension of strong fall in past two days which accelerated on Thursday as the greenback rallied across the board.
Traders are estimating possible impact on US tariffs on metal imports,…
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GBPUSD – test of 100SMA at 1.3580 or rally towards 1.40 barrier could be likely post NFP…
Cable showed no reaction on release of batch of weaker than expected UK data on Friday, remaining within previously established narrow consolidation range between 1.3878 and 1.3830, awaiting US jobs report.
Near-term structure remains weak…
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WTI OIL – bears are pausing on improved sentiment, but outlook remains negative
WTI oil ticked higher on Friday, taking a breather after strong three-day fall from $63.26 lower top resulted in brief probe below psychological $60 support on Thursday.
Improved market sentiment on news of US - NK talks lifted oil price…
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SPOT GOLD remains under strong pressure as safe haven demand eases
Spot Gold remains in red for the third straight day and extended bear-leg from $1340 high, to crack pivotal support at $1317 (Fibo 61.8% of $1302/$1340 rally).
News about meeting between leaders of the US and North Korea eased geopolitical…
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AUDUSD remains in range between 100 and 20SMA’s; awaiting stronger direction signal
The Australian dollar moved higher on Friday after falling the previous day but remains without clear direction as near-term action continues to move in range between 100SMA (0.7771) and 20SMA (0.7834).
Multiple attempts to break out of…
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USDJPY – near-term picture improves on fresh rally
The pair bounced higher in Asia, breaking above three-day congestion and hitting one-week high at 106.94, on easing fears over North Korea.
No significant reaction was seen on BOJ rate decision and remarks from BoJ chief Kuroda, who…
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GBPUSD – bearish bias suggests further weakness through daily cloud base; UK/US data eyed for…
Cable is consolidating on Friday following strong fall on Thursday, which reversed the biggest part of four-day 1.3711/1.3929 rally and turned near-term bias to bearish mode.
Fresh bears are pressuring key near-term support at 1.3765…
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EURUSD pressures top of thick daily cloud after post-ECB sharp fall; US jobs data in focus
The Euro is trading within narrow consolidation on Friday after suffering heavy losses on 0.8% fall on Thursday, which marks the biggest one-day loss since 07 Feb.
The single currency came under strong pressure from remarks of ECB…
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