EURUSD – near term bias remains bullish but firmer signals are needed to confirm direction
The Euro stands at the front foot on Friday and looking for retest of 1.25 zone, following bumpy ride on Thursday when it spiked to 1.2537 following ECB Draghi's speech but reversed quickly on sharp dip to 1.2365.
The Euro moved higher on…
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EURUSD spiked above 1.25 on Draghi but without clear break so far
The Euro was higher across the board in reaction to ECB President Mario Draghi's press conference after the central bank kept its policy unchanged as expected.
Nothing new or surprising from Draghi today, as he pointed on robust pace of…
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WTI OIL bulls eye Fibo target at 66.75 as strong bullish sentiment offsets reversal signals for now
WTI oil price hit new over three-year high at $66.42 on Thursday, in extension of three-day rally which accelerated on Wednesday.
Fresh boost to oil price came from another decline in weekly crude inventories as EIA report on Wednesday…
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AUDUSD – bulls are consolidating ahead of final push trough 0.8124 target; rising 10 SMA to…
The Aussie hit new high at 0.8118 on Thursday, in extension of previous day's strong rally and took 0.8102 barrier (20 Sep spike high) which marks the last obstacle ahead of key resistance at 0.8124 (08 Sep peak).
Subsequent easing to…
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USDJPY – bears extend below strong supports at 109.10/06 but corrective action may precede…
The pair remains firmly in red on Thursday, extending steep fall into third straight day and probing below strong supports at 109.10/06 (weekly cloud base /Fibo 76.4% of 107.31/114.73).
Fresh weakness extended to 108.73 so far (the lowest…
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GBPUSD – it's dangerous to play against the trend but risk of pullback exists
Cable hit new high at 1.4328 on Thursday, in extension of previous day's 1.7% rally, after pound rallied on weaker dollar.
Important barriers at 1.4288 (Fibo 76.4% of post-Brexit vote 1.5016/1.1930 fall) and 1.4317 (FE 200% of the wave C…
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EURUSD – 1.25+ gains or stronger dip? Mario Draghi could give an answer
The Euro remains firm on Thursday and hit new high at 1.2459, the highest since mid-Dec 2014, in extension of strong rally on Wednesday when the single currency surged on significantly weaker dollar.
The greenback fell sharply across the…
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EURUSD – extended rally cracks 1.24 barrier and exposes 1.25 zone
The Euro dented round-figure barrier at 1.2400 on extension of daily advance of 0.9% so far.Strong fall of US dollar, which accelerated after remarks from US Mnuchin, pushed the Euro to new over three-year highs.Break above pivotal barrier…
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Cable – bulls probe through 1.42 barrier and show signs of further advance
Cable cracked next psychological barrier at 1.4200 in early hours of the US session trading on Wednesday, marking the advance of over 200 pips so far from Asian low at 1.3996 to fresh post-Brexit vote recovery high at 1.4208.
Pound…
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USDCHF – fresh bearish extension eyes key m/t supports at 0.9438/20
The pair slumped on Wednesday as the greenback came under increased pressure. Fresh weakness after consolidation phase in previous few sessions extends into second day and probes below 0.9500 support, last traded in early Sep 2017.
Larger…
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