SPOT GOLD at new 2-mth low as dollar rises on Fed’s hawkish stance
Spot Gold hit two-month low at $1306, on fresh bearish acceleration which cracked key near-term support at $1307 (08 Feb low).
The yellow metal, sensitive on changes of US interest rates, came under increased pressure after Fed's new chief…
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WTI OIL – bears could extend towards daily cloud base at $60.72
WTI oil remains in red on Thursday and extends strong fall of previous two days.
Oil prices came under increased pressure on expectations for Fed's more aggressive approach to the monetary policy which boosted dollar and strong build in US…
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AUDUSD extends weakness after taking out key supports
The pair continues to trend lower and extends weakness from 0.7893 (26 Feb lower top) into third straight day.
Wednesday's close below key supports provided by 200/100SMA's and daily cloud base was strong bearish signal which was boosted…
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USDJPY – hopes for stronger recovery while 106.37 holds but overall bias remains bearish
The pair trades in narrow consolidation on Thursday, following previous day's fall, which found footstep above Monday's low at 106.3.
Scope for stronger recovery remains in play while the price holds above 106.37 support, however, daily…
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GBPUSD consolidates after strong fall previous day; outlook remains negative
Cable holds within tight consolidation in early Thursday's trading after suffering heavy losses on Wednesday, which resulted in cracking key supports at 1.3780/64 (55SMA / 09 Feb low) and break into rising daily cloud.
Sterling remains…
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EURUSD – narrow consolidation to precede final push towards strong Fibo support at 1.2173
The Euro was marginally higher in early European trading, probing above 1.22 handle after hitting new low at 1.2183 in Asia.
Near-term sentiment remains negative as dollar continues to firm, boosted by optimistic tone from Fed's Powell,…
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WTI OIL falls after stronger than expected US crude inventories build
WTI oil fell over $1 and hit one-week low at $62.20 after downbeat US supply data. US weekly crude inventories rose 3.01 million barrels, strongly overshooting forecast for 2.4 million barrels build.
Weaker than expected data put oil…
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EURGBP – rallies after pound was hit by comments from EU Brexit negotiator Barnier
The cross surged to one week high at 0.8853 on Wednesday as pound came under increased pressure on remarks from EU's Brexit negotiator Barnier, who called on London to speed up divorce negotiations if it wants to reach a deal this year.…
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EURUSD cracks 1.2205 support on weak EU inflation data
The Euro dented the upper boundary of key support zone between 1.2205 and 1.2173, increasing risk of further easing and eventual break lower.
Loss of these supports would have significant impact on larger longs which are still in play, as…
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WTI OIL – daily cloud top contained pullback for now but deeper dips not ruled out; EIA report…
WTI oil hit new low at $62.82 on Wednesday, in extension of previous day's strong fall, when oil price accelerated lower on downbeat supply data.
API report, released late Tuesday showed build in crude inventories of 0.93 million barrels…
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