USDJPY extends recovery but overall picture remains bearish
Recovery rally extends into fourth straight day and probed above pivotal barriers at 107.43/48 (Fibo 38.2% of 110.48/105.54 bear-leg / falling 10SMA) to hit one-week high at 107.90 (14 Feb high).
Bulls faced strong headwinds here and show…
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GBPUSD remains at the back foot ahead of data
Cable extends weakness on Wednesday's after mixed previous day's action ended in long-tailed Doji and signaled indecision.
Pound was lifted by media comments on Brexit, upside attempts above 1.40 handle were short-lived.
Fresh weakness…
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EURUSD extends lower; EU PMI and FOMC minutes could further pressure the pair
The Euro continues to trend lower from 1.2555 spike high / strong upside rejection and pressures psychological support at 1.2300, in extension on previous day's strong fall which generated bearish signal on close below 1.2339 (Fibo 61.8% of…
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AUDUSD accelerated lower on downbeat data and pressure daily cloud top; FOMC minutes eyed for fresh…
The Australian dollar remains firmly in red and extended weakness in Asia on Wednesday, hitting one-week low at 0.7840.
Stronger US dollar continues to drive the Aussie lower, with additional pressure coming from downbeat Australian…
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COPPER – bears penetrate daily cloud again, face a cluster of supports
Copper remains firmly in red on Tuesday, extending pullback from last Friday’s spike high at $3.2710 and probing again into thick daily cloud (spanned between $3.1935 and $3.1312) after false break through cloud top on Friday.
The metal is…
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EURGBP dips to pivotal 0.88 support after fresh weakness broke a cluster of supports
The cross came under renewed pressure at the beginning of American trading and probes through European session low at 0.8810, posted after strong bearish acceleration on media comments which improved Brexit outlook and boosted pound.
Fresh…
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GOLD stays in red on stronger dollar, pressures pivotal supports at $1336/34
Spot Gold continues to move lower on stronger dollar, trading in red for the third straight day.
Fresh weakness commenced after strong upside rejection at $1361 on Friday and extended to one-week low at $1336 on Tuesday, where daily…
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WTI OIL eases after week-long rally; rising cloud continues to underpin
WTI rose eased on Tuesday after hitting new nearly three-week high at $62.63, as overbought slow stochastic on daily chart suggests that four-day recovery from higher base at $58.10 zone may take a breather.
Rising daily cloud which…
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Cable returns above 1.40 on media report regarding Brexit
Sterling bounced back above 1.40 barrier on media report saying that the EU parliament was preparing to call for giving Britain privileged single market access.
The rally sidelined immediate downside risk after fresh bears probed below…
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AUDUSD – stronger direction signals on break below 10SMA (0.7871) or above 0.80 zone
The Australian dollar stands at the back foot on Tuesday and probes below 0.79 handle, signaling extension of pullback from Friday's high and strong upside rejection at 0.7988, where recovery rally stalled just ahead of 0.7991 Fibo barrier…
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