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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AUDUSD – limited recovery to precede fresh bears
The Aussie dollar remains in red after Thursday's bounce from new low at 0.7712 and recovery extension on Friday was capped by broken 100SMA (0.7773).
Lower Asian stocks on fears about the impact of new tariffs on imported metals on Asia,…
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USDJPY – bears pressure key support at 105.54
The pair accelerated further down on Friday, as dollar came under fresh pressure on dears of trade war, with comments from BoJ governor Kuroda, who signaled that the central bank would consider exiting its ultra-easy monetary policy if…
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GBPUSD awaiting fresh news about Brexit; overall picture is bearish
The pair is holding within tight range in early Friday's trading ahead of much anticipated speech of UK PMI May, in which she will bring her plan about country's future after Brexit.
Threats of Brexit talks stall on a dispute over the…
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EURUSD bounced after politics overshadowed positive economic data and sent dollar lower
The Euro is consolidating under fresh recovery high at 1.2287 on Friday, following previous day's strong bounce.
The single currency benefited from fresh weakness of the dollar which pulled away from six-week highs.
This time politics…
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COPPER extends weakness below daily cloud on strong dollar
Copper remains in red for the fifth consecutive day and extends weakness on Thursday, hitting new lows of over two weeks at $3.10 zone.
The metal accelerated lower in Asia after mild recovery to $3.1460, as stronger than expected China's…
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SPOT GOLD at new 2-mth low as dollar rises on Fed’s hawkish stance
Spot Gold hit two-month low at $1306, on fresh bearish acceleration which cracked key near-term support at $1307 (08 Feb low).
The yellow metal, sensitive on changes of US interest rates, came under increased pressure after Fed's new chief…
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WTI OIL – bears could extend towards daily cloud base at $60.72
WTI oil remains in red on Thursday and extends strong fall of previous two days.
Oil prices came under increased pressure on expectations for Fed's more aggressive approach to the monetary policy which boosted dollar and strong build in US…
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