AUDUSD – repeated failure at 200SMA signals further consolidation before fresh attack
The pair bounced above 0.78 handle after retesting key supports at 0.7780 zone (200/100 SMA's) in Asia.
Strong fall on Tuesday was contained here, with repeated failure, proving the strength of support.
The pair showed little reaction on…
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USDJPY – scope for fresh attack at 108 zone in play while key supports 107.00/106.90 hold
The pair eases on Wednesday after fresh strength on Tuesday spiked at 107.67, approaching key barriers at 108 zone (21 Feb recovery top / falling daily Kijun-sen).
Hawkish stance from Fed Chair Powell keeps the greenback at the front foot…
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GBPUSD – fresh bears pressure higher base at 1.3856; near-term outlook is negative
Cable maintains bearish bias on Wednesday, holding in red for the third consecutive day and pressures higher base at 1.3856 (lows of 22/27 Feb).
Fresh strength of the greenback after Powell keeps pound under pressure, with Tuesday's…
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EURUSD holds in red after Powell; pressures key supports at 1.2205/1.2173
The Euro holds in red in early Wednesday's trading and pressures key support at 1.2205 (09 Feb low), maintaining bearish near-term bias.
The pair fell on Tuesday after weaker than expected German inflation numbers and testimony of Fed…
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EURUSD loses traction after weak German inflation, Powell; probes below n/t congestion floor
The Euro lost traction after repeated test of near-term congestion tops and fell below range low at 1.2260 on Tuesday
Downbeat German inflation data (German inflation slowed more than expected and hit 15-month low in Feb) were initial…
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USD INDEX – Powell did not provide any signal of a pace of tightening but somewhat hawkish…
The dollar was higher across the board as Fed Chairman Powell stayed in line with existing stance regarding monetary policy, but somewhat hawkish tone firmed the greenback, which lacked spark for stronger rally, expected on more hawkish…
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EURGBP – recovery extension stalls under the base of widening daily cloud
Extension of Monday's strong rally stalled at 0.8839 on Tuesday, capped by falling daily Tenkan-sen, just ahead of daily cloud base (0.8844).
Daily cloud is descending and thickening after twisting on Monday and providing significant…
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SPOT GOLD – action is directionless ahead of Fed Chair Powell testimony
Spot Gold trades in directionless mode on Tuesday, with the action being so far shaped I Doji candle.
Strong upside rejection at $1341and daily close below a cluster of daily MA's (10/20/30 SMA, laying between $1333 and $1337 was negative…
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WTI OIL – risk of further easing exists before bulls resume
WTI oil eases on Tuesday but holding near fresh three-week high at $64.22, posted on Monday.
Oil price advanced strongly in previous few sessions, boosted by news about Saudi Arabia's commitment to continue with production cut program.…
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AUDUSD – no clear direction while the price holds in daily cloud
The pair remains within daily cloud on Tuesday, after upside attempts in Asian session stalled under cloud top (0.7878), maintaining downside risk.
Yesterday's strong upside rejection at 0.7893 and close within daily cloud was also…
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