Bullish bias above 200SMA
The greenback accelerated higher on renewed risk-on mode as trade war fears eased and hit session high at 110.38 in early US session trading.
US trade balance gap narrowed in May and US capital goods unexpectedly dipped but previous…
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Bulls may extend to key barrier at $72.89 on upbeat crude stocks report today
WTI oil price broke above $71 per barrel on Wednesday, extending strong rally of the previous day's 3.7% advance.
Oil prices are in steep ascend which extends into second consecutive week and supported by several factors.
Initial boost…
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Bears eye key supports at 0.7345/25 as trade war fears keep Aussie under pressure
The Aussie dollar holds in red for the third consecutive day and threatens of retesting 0.7345 base, as persisting fears about trade war escalation keep Aussie under pressure.
Fresh weakness from 0.7443 double top (22/25 Jun) where…
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Fresh weakness pressures cloud top but stronger direction signal needs break through 55 /200SMA…
The pair came under pressure after repeated rejection at 200SMA (110.19) on Tuesday and attacks again daily cloud top (109.70) in early Wednesday's trading.
Death-cross of 10/200SMA is forming on daily chart and weighing on near-term…
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Tuesday’s fall dents bullish bias but break below 10SMA needed to confirm reversal
The Euro is slightly higher in early Wednesday's trading, following Tuesday's pullback after three-day recovery rally stalled at key Fibo barrier at 1.1718.
Dips was so far contained above 10SMA (1.1623) which marks lower pivot but…
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Risk of further weakness while broken 10SMA caps
Cable holds in a narrow consolidation above 1.3192 low posted on Tuesday's fall and remains at the back foot, as near-term focus turned lower after repeated failure under 20SMA and subsequent bearish acceleration.Break and close below 10SMA…
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Recovery on fading trade fears struggles at 110 and looks for catalyst to emerge out of two-day…
The pair moved higher as dollar strengthened on fading trade war fears and signaling repeated failure to clearly break into daily cloud.
Tuesday's action is on track to leave the second consecutive daily candle with long tail and this time…
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Bears could extend towards key support at $1236; falling 10SMA to cap upticks
Spot Gold holds firmly in red for the second straight day as the greenback regained traction but showed no benefits from safe haven demand on risk aversion, sparked by fears of deeper trade conflict.
The yellow metal hit new over six-month…
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Bears look for test of key supports at $2.9425/$2.9370
Copper holds firmly in red for the third straight week and broke below psychological $3.00 support on Monday's extension of steep downtrend from $3.3140 peak (07 Jun).
Pullback from $3.3140 has nearly fully retraced $2.9370/$3.3140…
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Limited correction keeps bullish sentiment remains in play for fresh attempts higher
WTI oil price rose on Tuesday, as uncertainty over Libyan exports partially offset negative impact from OPEC decision to increase output and fears of escalation of trade conflict between the US and other world major economies.
Oil price…
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