Loonie remains under strong pressure on NAFTA, US tariffs; psychological 1.30 barrier in focus
The USDCAD maintains firm bullish sentiment and broke above strong barriers at 1.2920 (former triple top / 2018 high), extending the upleg from 1.2610 (23 Feb trough) into sixth straight day. Canadian dollar remains under increased…
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Recovery attempts were short-lived so far; OPEC / US shale producers meeting in focus for fresh…
WTI oil moved higher on Monday and cracked barrier at $61.69 (Fibo 38.2% of $64.22/$60.12 bear-leg) but was so far unable to sustain break, as recovery extension stalled at $61.95.
Subsequent pullback returned the price back into thick…
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Risk aversion continues to drive the price higher; break through daily cloud top eyed for fresh…
Spot Gold holds in green on Monday and extends recovery from last week's spike low at $1302.
Fresh extension of two-day recovery broke above 10SMA ($1324) and pressures pivotal barriers at $1326/29 (Fibo 38.2% of $1340/$1302 downleg /…
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Upbeat UK data underpin recovery for test of key Fibo barrier at 1.3848
Cable stands at the front foot on Monday and attempts to extend recovery attempts from 1.3711 low (01 Mar) seen in past two days.
The price holds in the middle of daily cloud and ascend from 1.3711 low managed to move above rising 55SMA…
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AUDUSD remains at the back foot, weighed by trade war fears; RBA rate decision / AUS retail sales in…
The AUDUSD pair stands at the back foot in early Monday's trading, but remains within the range established in past two days, showing little impact from better than expected Australian data, released overnight.
The upside remains capped by…
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USDJPY – consolidation above new 16-mth low may extend with limited upside; key events due…
The pair ticked higher in early Monday's trading, consolidating above new 16-montgh low at 105.24, posted on Friday.
Strong three-day acceleration from 27 Feb lower top at 107.67, cracked key support at 105.54 (16 Feb low) but failed to…
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EURUSD – uncertainty from Italy election was partially offset by German SPD vote; daily cloud…
The Euro stands at the back foot at the beginning of European session on Monday and returned below 1.23 handle, after upside attempts in early Asian trading were rejected at 1.2364.Fresh easing pressures the top of rising daily cloud…
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EURUSD – fresh bulls need close above 30SMA to confirm reversal and signal further advance
Recovery rally from Thursday's low at 1.2154 is gaining fresh momentum and extended through pivotal barriers at 1.2298/1.2307 (10SMA / Fibo 38.2% of 1.2555/1.2154 descend), generating strong bullish signal.
Improving daily techs are…
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SPOT GOLD bounces on fresh risk aversion
Spot Gold stands at the front foot on Friday after bouncing from two-month low at $1303 on Thursday, as news about US tariffs on imported metals caused turmoil in the markets and prompted investors into safer assets.
Fresh recovery…
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WTI OIL – bears look for fresh signals on break below daily cloud
WTI oil holds in red for the fourth straight day and moved lower on Friday after bouncing from new two-week low at $60.17 on Thursday.
Recovery attempts proved to be short-lived as oil price remains under pressure on continuing concerns…
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