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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USDJPY – fresh attempts higher not ruled out while 10SMA holds
The pair is trades within narrow range around 107 handle on Tuesday, awaiting Powell's testimony for fresh signals.
Strong downside rejection on Monday (106.37) left long-tailed daily candle which suggests that fresh attempts above 107.00…
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GBPUSD holds in tight range under 1.40 barrier
Cable holds within tight range on Tuesday, capped at 1.40 barrier, following strong upside rejection at 1.4067 yesterday and close below 1.40, which left bearish daily candle with long upper shadow that weighs on today's action.
Daily MA's…
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EURUSD ticks higher but remains within range ahead of Powell’s testimony
The Euro stands at the front foot in early European trading on Tuesday, as dollar eases ahead of key event today, the testimony of Fed Chairman Powell.
Fresh strength pressures again the top of 1.2260/1.2360 congestion which extends into…
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EURUSD pulls back of fresh dollar’s strength; Powell, EU data in focus for fresh signals
The Euro fell in early American trading on Monday and erased almost all gains of the day, after upside attempts were repeatedly capped at 1.2355 (top of four-day congestion).
The dollar rose across the board on Monday, pulling the single…
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USDCAD – fresh rally above daily cloud sidelines downside risk
The USDCAD pair bounces towards strong barrier at 1.2706 (falling 200SMA) on Monday after corrective dips were repeatedly rejected at 1.2610 zone and penetration of daily cloud was so far short-lived.
The pair regains traction after…
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EURGBP rallies on weaker pound; daily cloud twist also attracts
The cross accelerated from 2 ½ week low at 0.8771, posted earlier today and broke above 0.88 handle after highly-anticipated speech of opposition leader Jeremy Corbyn today.
Corbyn explicitly supported customs union with EU after Brexit,…
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COPPER jumps on bullish fundamentals but mixed techs limit the advance for now
Copper edged higher on Monday, driven by weaker dollar and reports that imports of base metals to China jumped in January, but the rally showed signs of stall, short of last Fri/Thu highs at $3.2335 and $3.2425, keeping the upside limited…
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XAUUSD – fresh rally maintains bullish near-term bias
Spot Gold rallied on Monday, extending recovery from $1320 (22 Feb low), driven by fresh weakness of US dollar at the beginning of week.
Bullish acceleration improved near-term structure as metal's price gains fresh bullish momentum and…
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WTI OIL – bulls eye next targets at $64.27/62
WTI oil price is consolidating under new 2 ½ week high at $63.88, posted today, in extension of strong rally on Thu/Fri.
Oil price was boosted on Friday by closure of oil field in Libya, with strong bullish sentiment supported by comments…
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