SPOT GOLD stands on front foot on Tuesday despite firmer dollar
Spot Gold remains constructive on Tuesday and retested last Friday's recovery high at $1338, signaling extension of recovery leg from $1324 (low of $1344/$1324 correction).
The yellow metal maintains positive tone despite the greenback…
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WTI OIL – sustained break above $64 needed to confirm bullish signals
WTI oil price ticked higher on Tuesday and probes again above $64 barrier, as focus turns towards US crude inventories data (API report due today and EIA report due on Wednesday).
Strong bullish signals have been generated on daily chart…
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AUDUSD eases from 0.80 zone, pressured by stronger greenback and lower copper price
The Aussie dollar eases on Tuesday after repeated failures to sustain break above 0.80 barrier with 0.8030 zone topping recent upside attempts.
Stronger greenback on deal of US policymakers to end government's shutdown and weaker copper…
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GBPUSD cracked 1.40 barrier but consolidation could be expected before bulls continue
Cable cracked psychological 1.40 barrier today, posting new post-Brexit vote recovery high at 1.4002, but was unable to sustain break at first attempt and eased back to 1.3940 in early European trading.
Further consolidation before final…
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EURUSD remains in extended consolidation and eyes fresh direction signals
The Euro remains within choppy consolidation after initial attempt above 1.2300 barrier failed.
Price action is holding in red on Tuesday, descending from Asian session high at 1.2275 and moving in the lower side of 1.2213/75 congestion on…
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USDJPY – limited upside despite US deal, speculations BoJ may scale back monetary stimulus
The dollar probed again above 111.00 handle on Tuesday, inflated by news that US policymakers reached a deal to temporarily end the shutdown of the government.In addition, BoJ stayed unchanged as expected in today's policy meeting, with no…
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USDTRY – strong bullish signal on close above Fibo 38.2% barrier and 55SMA
The USDTRY pair spiked to 3.8458 high on Monday (the highest since mid-Dec) after opening with gap higher on fresh tensions over conflict on Turkey - Syria border as Turkish forces entered Syria.
Today's extension of recovery leg 3.7303…
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AUDUSD – near-term focus turns higher after shallow dip; 0.8038 high is key
The Aussie dollar holds firm footing and returned above 0.80 handle after dipping to 0.7978 in Asia.
Reversal signal that was generated on strong upside rejection at 0.8035 on Friday which left Gravestone Doji candle, is fading on fresh…
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USDJPY – bears may stay extended consolidation before eventual attack at key 110.15/00…
Bears are taking a breather on Monday after last Thu/Fri action being firmly in red, as the dollar regained footing after being hit by US government shutdown.
However, recovery attempts from session low at 110.49 (also low of last Friday)…
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GBPUSD – overall bulls keep focus at 1.40 barrier but extended consolidation may precede
Cable bounced to 1.3900 are in European trading after easing to 1.3857 in Asia, following gap-higher opening on Monday.
Overall bulls remain intact despite repeated strong rejections at 1.3942 and conflicting technical / political factors…
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