Near-term risk skewed lower while falling 10SMA caps
The Aussie dollar remains at the back foot on Tuesday and pressures lower pivots at 0.7399/94 (5SMA / base of thick hourly cloud) following Monday's close in red after repeated upside failure which left a double-top.
Falling 10SMA capped…
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Risk aversion and bearish techs keep the downside at risk
The pair remains in red in Asia / early Europe on Tuesday and probes again into thick daily cloud, following unsuccessful attempt on Monday.
Risk-off mode keeps the dollar under pressure, as Monday's eventual close below 20SMA after four…
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Risk of reversal exists while the action remains capped by 20SMA
Cable traded within tight range in Asia on Tuesday, capped by 20SMA for the third straight day, which could increase risk of reversal on repeated failure.
Negative momentum studies and overbought slow stochastic keep near-term risk skewed…
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Consolidation may precede fresh upside; broken 20SMA to ideally contain
The Euro maintains firm tone and cracked pivotal barrier at 1.1718 (Fibo 61.8% of 1.1848/1.1508 bear-leg) in early Tuesday's trading after generating bullish signal on Monday's close above previous pivot, marked by 20SMA and converged daily…
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Break above 20SMA could extend to 1.1717 Fibo barrier
The Euro holds steady in the US session and cracked psychological 1.17 barrier (also falling 30SMA) on probe above key barrier at 1.1676 (20SMA / converged daily Tenkan/Kijun-sen).
The single currency regained traction after hitting…
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CBRT’s next steps should give clearer picture about lira’s direction after President…
The USDTRY pair trades within choppy two-hundred pips range on Monday, following the victory of President Erdogan in Turkey's election on Sunday.
Lira hit new two week high at 4.5352 after USDTRY started trading on Monday with gap-lower,…
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Easing after 5% rally on Friday could be positioning for fresh advance
WTI oil eased from new one-month high at $69.36 and is down around 1% on Monday, as traders took some profits from Friday's over 5% rally which marks the biggest one-day gains since 30 Nov 2016.
Markets reacted on decision of major world…
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Recovery shows signs of stall as renewed trade war concerns weigh on Aussie
The Aussie dollar stands at the back foot on Monday and eases from recovery high at 0.7443, posted after strong rally last Friday.
Renewed fears over US - China trade conflict increased pressure on Australian dollar, with recovery action…
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Fresh bearish signal on close below daily cloud top / Fibo 50% at 108.50/46
The pair dipped further on Monday as risk aversion on trade war concerns keeps the greenback under pressure.
Fresh weakness probed below key supports at 108.50/46 (Fibo 50% of 108.11/110.90 upleg / top of rising daily cloud), close below…
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Risk aversion and Brexit concerns weigh on cable
Cable trades within narrow range on Monday, holding between 10SMA (1.3260) and 5SMA (1.3215) after recovery action was capped by 20SMA on Friday (1.3308) and subsequent pullback marked strong rejection here.
Risk aversion on escalation of…
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