EURUSD could extend to 1.25 zone on break above 1.2350 trigger
The Euro moved higher on Wednesday and hit new high at 1.2335, the highest since mid-Dec 2014, completing shallow correction (1.2323/1.2165) and signaling further advance.
Strong bullish sentiment was boosted by upbeat figures from EU /…
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GBPUSD – renewed probe above 1.40; weaker dollar and positive environment around Brexit talks…
Cable broke above 1.40 barrier in American trading on Tuesday, following brief probe in Asian session (1.4002 high) and subsequent pullback which found footstep at 1.3915, where dip was contained by hourly 55SMA.Fresh bullish acceleration…
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COPPER – surge in inventories sparks fresh sell-off
Copper price accelerated lower on Tuesday, signaling extension of pullback from $3.3200 high on break below four-day congestion floor at $3.1790.
Fresh weakness was sparked by surge in copper inventories which signal healthy supplies and…
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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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