EURGBP – bearish acceleration on hawkish BoE threatens for retest of key s/t supports at…
The cross accelerated sharply lower after hawkish stance from BoE today, being down 1.2% for the day so far, in extension fall from 0.8897 on Wednesday.
Fresh weakness turned daily techs into full bearish setup which may result in final…
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Pound spikes above 1.40 vs dollar in expected reaction to BoE’s hawkish hold
Sterling cracked 1.40 barrier and spiked to three-day high at 1.4014 after BoE maintained hawkish hold on its monetary policy meeting today.
The UK's central bank kept interest rates as expected at 0.5%, with policymakers voting 9-0 to…
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WTI OIL at five-week low, pressured by rising US output, weekly inventories build
WTI oil is holding near new five-week low at $61.21 and remains under strong pressure on Thursday, following sharp fall on Wednesday.
Oil price came under increased pressure after data showed US oil production rose above 10 million barrels…
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AUDUSD – bears focus daily / weekly cloud tops; dovish tone from RBA Gov Lowe increases…
The Australian dollar remains in red on Thursday and pressures supports at 0.7800 zone (psychological support / rising 55SMA), in extension of strong fall on Wednesday.
Dovish tone from RBA governor's speech Lowe on Thursday, kept the…
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USDJPY – recovery probes through 4-hr cloud top / 20SMA pivots
The pair moved higher in late Asian / early European trading on Thursday, boosted by rally in Nikkei index and pressuring key near-term barrier at 109.75 (4-hr cloud top) where upside attempts were repeatedly rejected in previous sessions.…
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EURUSD – bears may extend further on break of 1.2226 pivot
The Euro remains in red on Thursday after strong fall the previous day, which generated bearish signal on close below 1.2300 pivot and further dented broader bulls.
Fresh extension lower pressures strong support at 1.2226 (daily Kijun-sen…
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GBPUSD – BoE in focus; hawkish stance could inflate pound for retest of 1.40 while softer tone…
Cable was slightly higher during Asian trading on Thursday, but gains were so far unable to clearly break above 1.3900 barrier (broken 50% of 1.3457/1.4344 / daily Kijun-sen).
Wednesday close in red and below 1.39 handle was negative…
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USDCAD remains tall after recent surge but bulls show initial signs of stall
The USDCAD holds high levels on Wednesday and trading above 1.25 handle, after strong rally last Fri/Mon which stalled at 1.2566 on Tuesday.
Subsequent dip was so far shallow and found footstep just under 1.25, with fresh bullish momentum…
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COPPER – strong bearish acceleration below thick daily cloud generates negative signal
Copper was sharply lower on Wednesday and hit the lowest since 24 Jan after bearish acceleration broke below the floor of two-week congestion.
Fresh signal for near-term direction is generating, with immediate focus turning lower after a…
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SPOT GOLD – Tuesday’s bearish outside day maintains pressure and signals further easing
Spot Gold stands at the back foot on Wednesday, following limited recovery after strong fall previous day, which hit new three-week low at $1320.
Bearish outside day on Tuesday was negative signal and bear-leg from $1366 (25 Jan peak)…
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