WTI OIL – daily cloud base holds for now but risk for further weakness persists
WTI oil remains in red on Thursday as negative sentiment increased after downbeat supply data on Wednesday, which added to existing pressure on concerns over possible trade war.
Fresh downside attempts on Thursday were so far contained by…
Read More...
Read More...
AUDUSD returned below daily cloud after upside attempts were repeatedly capped by 20SMA
The Australian dollar fell back to 0.78 zone in early European session and erased overnight gains on upbeat Australian trade balance data.
Trade surplus widened to A$1.05 billion in January, overshooting forecast for A$200 million surplus…
Read More...
Read More...
USDJPY – directionless mode expected ahead of Friday’s key releases
The pair trades in extended directionless mode on Thursday, following strong rejections on both sides in past two days.
Recovery attempts were capped by Fibo barrier at 106.44 on Tuesday, while bearish acceleration was strongly rejected on…
Read More...
Read More...
GBPUSD – downside risk to remain I play while 20SMA caps
Cable shows hesitation ahead daily cloud top (1.3968) which marks key near-term barrier, as four-day rally stalled just under cloud top on Tuesday and Wednesday's action ended in Doji, capped by 20SMA.Trading in Asian / early European…
Read More...
Read More...
EURUSD holds in tight range ahead of ECB; outlook remains bullish but Draghi’s press…
The Euro is holding within tight range around 1.24 handle in early Thursday's trading, awaiting the verdict from the ECB later today.
Near-term structure remains firm as 1.24 holds and despite yesterday's Doji candle, as the pair entered…
Read More...
Read More...
Turkish lira weakens as the CBRT keeps rates unchanged
The Turkish lira weakened on Wednesday after the CBRT kept interest rates unchanged in widely expected outcome of the policy meeting.
The USDTRY pair jumped to 3.80 zone after release, recovering from Tuesday's fall to 3.7861 which…
Read More...
Read More...
WTI OIL weakens on strong oil stocks build; risks further downside
WTI oil stands in red on Wednesday on fresh negative sentiment, sparked by stronger than expected build of crude stocks and rising fears about potential global trade war.
Oil price closed in red on Tuesday after attempts to extend strong…
Read More...
Read More...
USDJPY – fresh bearish acceleration after recovery stall revives bearish bias
The pair accelerated lower on Wednesday after resignation of Trump's advisor Cohn, pressured dollar and sparked fresh risk aversion, increasing demand for safe-haven yen.
Fresh weakness was signaled by recovery stall at 106.44 Fibo 23.6%…
Read More...
Read More...
GBPUSD looks for break through 20 or 55SMA’s for fresh direction signal
Cable holds in red in early European trading on Wednesday, accelerating lower after upside attempts were rejected under Tuesday's new recovery high and capped by 20SMA (1.3911).
Fresh risk aversion on Trump advisor Cohn's resignation…
Read More...
Read More...
EURUSD maintains bullish tone for further advance; EU GDP in focus
The Euro remains supported on Wednesday, holding in green for the fifth straight day and establishing above broken 1.2400 barrier (Fibo 61.8% of 1.2555/1.2154 descend).
Strong rally on Tuesday, which was sparked by news of Koreas' summit,…
Read More...
Read More...