WTI OIL eases further following brief consolidation on Tuesday; EIA report in focus today
WTI oil price fell to new three-week low at $63.03 on Wednesday, signaling continuation of steep decline from $66.28 on Fri/Mon, which was interrupted by consolidation phase on Tuesday.
Fresh weakness probes again below cracked daily…
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NZDUSD – bids at 0.73 hold dips ahead of RBNZ
The Kiwi dollar eased from the session high at 0.7345, posted after solid NZ jobs report, released late Tuesday.
Renewed attempt at Tuesday's 0.7350 high, hit after strong rally (the biggest one-day gains since 13 Dec) failed, with fresh…
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AUDUSD – thick hourly cloud caps and maintains bearish pressure
The Australian dollar came under pressure on Wednesday dipped to 0.7862 so far, after limited recovery attempts.
Falling thick hourly cloud capped upticks and continues to weigh on near-term action, maintaining negative near-term bias.…
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EURUSD – directionless mode between 10 & 20SMA
Narrow range trading, shaped in tight Doji was seen in Asian / early European trading.
Long-legged Doji was left on Tuesday and signaling that two-day fall from double upside rejection at 1.2518/22 might be stalling.
No stronger signs of…
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GBPUSD remains in sideways mode after Tuesday’s Doji; BoE eyed for fresh signals
Cable holds within tight range in early Wednesday after strong downside rejection at 1.3835 on Tuesday and daily action ending in long-tailed Doji, signaling indecision.
Strong fall in previous two days shows initial signs of stall, but…
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USDJPY – Fresh weakness probes through 4-hr cloud base
The pair came under renewed pressure in early Wednesday's trading as recovery in stock markets lost traction.
Near-term price action is holding within thick 4-hr Ichimoku cloud with fresh weakness probing through cloud base (108.97) after…
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GBPUSD – bears are taking a breather but outlook remains negative
Cable dipped to new three-week low at 1.3835 after fresh bearish acceleration triggered stops below 1.3900 (50% of 1.3457/1.4344 / daily Kijun-sen).
The pair remains firmly in red for the third straight day, but strong bears may take a…
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Dow-Jones – is current pullback just correction or reversal?
Steep fall in past three days when Dow was down 12%, is taking a breather on Tuesday after hitting new 3 ½ month low at 23050, slightly below Fibo 38.2% of 17418/26683 (09 Nov 2016 / 29 Jan 2018 rally).
Bears are pausing on strongly…
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GBPUSD – further downside while risk-off rules; 1.40 to ideally cap upticks
Recovery attempts from new two-week low at 1.3937, posted after strong fall in past two days, stays so far under broken 1.40 support which reverted to solid resistance (psychological barrier / broken Fibo 38.2% of 1.3457/1.4344 rally).…
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EURUSD – downside to remain at risk while 10SMA caps recovery attempts
The Euro is holding within approx. 80-pips range on Tuesday and consolidating above new low at 1.2350, posted after two-day fall.
Upside attempts were heavy above 1.2400 and so fat limited by broken rising 10SMA which now reverted to…
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