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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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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