Turkish lira weakens as the CBRT keeps rates unchanged
The Turkish lira weakened on Wednesday after the CBRT kept interest rates unchanged in widely expected outcome of the policy meeting.
The USDTRY pair jumped to 3.80 zone after release, recovering from Tuesday's fall to 3.7861 which…
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WTI OIL weakens on strong oil stocks build; risks further downside
WTI oil stands in red on Wednesday on fresh negative sentiment, sparked by stronger than expected build of crude stocks and rising fears about potential global trade war.
Oil price closed in red on Tuesday after attempts to extend strong…
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USDJPY – fresh bearish acceleration after recovery stall revives bearish bias
The pair accelerated lower on Wednesday after resignation of Trump's advisor Cohn, pressured dollar and sparked fresh risk aversion, increasing demand for safe-haven yen.
Fresh weakness was signaled by recovery stall at 106.44 Fibo 23.6%…
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GBPUSD looks for break through 20 or 55SMA’s for fresh direction signal
Cable holds in red in early European trading on Wednesday, accelerating lower after upside attempts were rejected under Tuesday's new recovery high and capped by 20SMA (1.3911).
Fresh risk aversion on Trump advisor Cohn's resignation…
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EURUSD maintains bullish tone for further advance; EU GDP in focus
The Euro remains supported on Wednesday, holding in green for the fifth straight day and establishing above broken 1.2400 barrier (Fibo 61.8% of 1.2555/1.2154 descend).
Strong rally on Tuesday, which was sparked by news of Koreas' summit,…
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AUDUSD – bumpy ride in Asia after weaker than expected GDP and upbeat RBA Governor Lowe
The Australian dollar was in hectic mode in Asia on Wednesday, driven by news and data. The pair fell to 0.7771 in early Asian trading, hit by weaker than expected Australia's Q4 GDP data (q/q 0.4% vs 0.5% f/c and 0.7% in Q3) (y/y 2.4% vs…
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USDTRY eases after repeated upside failure; CBRT rate decision on Wednesday is highly anticipated
The pair dipped to one-week low at 3.7861 on Tuesday, following repeated strong upside rejections on Fri/Mon and Monday's Gravestone Doji which signaled stall of recovery leg from 3.7153 (25 Jan low) and reversal.
Upleg from 3.7380 (16 Feb…
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EURUSD rallies on potential for Koreas’ talks; probes above pivotal 1.24 barrier
The Euro surged to new two-week highs at 1.2400 zone, on fresh bullish sentiment from news about summit between North and South Korea, which was planned for late April, regarding denuclearization and normalizing ties.Surprise decision of…
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COPPER – fresh recovery is forming reversal pattern on daily chart
Copper advanced on Tuesday and penetrated thick daily cloud, after three-day congestion remained capped by cloud base.
Fresh advance is generating reversal signal after repeated strong downside rejections left higher base at $3.0950 zone…
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SPOT GOLD – fresh attempts higher as sentiment sours on renewed fears about trade war
Spot Gold moved higher on Tuesday, probing again above initial barrier at $1323 (10SMA), as uncertainty on US tariffs keeps dollar's sentiment sensitive.
Traders remain cautious as fears of possible trade war remain alive, as pressure…
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