AUDUSD – fresh bulls above daily close need to clear 0.79 barrier for stronger bullish signal
The Australian dollar moved higher in early Monday's trading, backed by weaker US dollar, on repeated probe above rising daily cloud (cloud top lies at 0.7859) and hit levels near 0.79 barrier (round-figure resistance, reinforced by falling…
Read More...
Read More...
USDJPY – bears continue to focus 105.54 target
The pair holds in red at the beginning of European session and cracked pivotal support at 106.44 (Fibo 61.8% of 105.54/107.90 upleg), after short-lived probe above 107 barrier in early Asian trading.
Fresh weakness probes below the base of…
Read More...
Read More...
GBPUSD – extended recovery hit one-week high as fundamentals continue to support
Cable maintains bullish tone at the beginning of the week and rallied to new one-week high at 1.4046 after taking out psychological 1.40 barrier.
Strong bullish acceleration in early Monday's trading improved technical picture as the pair…
Read More...
Read More...
EURUSD remains within extended range with negative n/t outlook and awaits speeches from Draghi and…
The Euro ticked higher in early Monday's trading, testing levels above 1.23 handle, but without clear near-term direction, as the pair holds within 1.2260/1.2360 congestion and extends range-trading into fourth consecutive day.
Some…
Read More...
Read More...
WTI OIL extends advance, pressures $63.36 Fibo barrier
WTI oil price rose further on Friday, maintaining strong bullish sentiment after upbeat supply data and hit new 2 ½ week high at $63.31.Fresh bullish acceleration was boosted by news that oilfield in Libya was shut due to unrest, which…
Read More...
Read More...
USDCAD falls after better than expected Canadian inflation numbers; reversal pattern is forming on…
Loonie jumped around 100 pips against its US counterpart after Canadian inflation surprised in January, coming well above forecast.
Underlying inflation firmed in January while annualized CPI rose by 1.7%, pulling back from previous…
Read More...
Read More...
SPOT GOLD – limited recovery keeps the downside at risk
Spot Gold eased on Friday after failing to regain previous day rally's high at $1332.
The downside remains vulnerable after bounce from $1320 (new 1 ½ week low) stalled, but immediate downside risk is limited as the price remains above the…
Read More...
Read More...
WTI OIL is consolidating after strong rally; rising daily cloud continues to underpin
WTI oil price is consolidating under fresh over two-week high at $63.07, posted on Thursday when oil prices surged on positive US crude inventories data.EIA weekly report showed unexpected fall in US crude inventories against forecasted…
Read More...
Read More...
AUDUSD returns to daily cloud after recovery rejection; near-term bias remains bearish
The pair turned to red on Friday and is back into daily cloud after failing to capitalize from Thursday's rally and marginal close above cloud top.
Near-term focus shifts lower again, supported by bearish setup of daily MA's (10;20;30) and…
Read More...
Read More...
USDJPY – near-term bias turns negative after Thursday’s fall
The pair is consolidating on Friday after suffering heavy losses previous day. Near-term action is holding below 107 handle (broken Fibo 38.2% of 105.54/107.90 upleg, reinforced by falling 10SMA) for now and maintains downside pressure,…
Read More...
Read More...