USDCAD – limited correction expected ahead of fresh weakness
The greenback bounced on Monday after suffering strong losses on Thu/Fri, with strong bearish acceleration after disappointing US and upbeat Canadian jobs data last Friday.
The pair also closed higher on Friday on subsequent bounce from…
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USDTRY – bears are taking a breather above daily cloud base
The USDTRY pair moved higher on Monday after larger bears found support at 3.7300 zone, just above daily cloud base at 3.7233.
Bears may take a breather as oversold slow stochastic also shows bullish divergence on daily chart and rising…
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WTI OIL – downside rejection at $61.00 keeps bias with bulls but upside attempts could be…
WTI oil price is regaining traction and moved higher in mid-European session trading on Monday after shallow correction on Friday was contained just above psychological $61.00 support.
Strong downside rejection last Friday sidelined signals…
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SPOT GOLD – correction to precede fresh bulls
Spot Gold prices eases on Monday, weighed by stronger dollar after weaker than expected US jobs data on Friday made no impact on expectations for further interest rate hikes this year.
Gold price could ease further on fresh negative…
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AUDUSD – Doji reversal signal is forming on daily chart
The Aussie trades in red on Monday after Friday's trading ended in Doji, signaling that steep ascend from 0.7500 might be running out of steam.
Doji reversal pattern is forming on daily chart and risk of deeper pullback could be expected on…
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USDJPY – bulls probe again above double Fibonacci barrier at 113.25
The pair holds firm tone and extends recovery rally from 112.00 zone into fourth consecutive day.
Bulls probe again above cracked double Fibo barrier at 113.25 (Fibo 61.8% of 113.74/110.83 descend / Fibo 76.4% of 113.63/112.05 downleg),…
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GBPUSD – repeated failures to regain 1.3600 handle turn near-term focus lower
Cable holds in red at the beginning of the week and moves lower after repeated failure to regain 1.3600 handle.
The pair hit session high at 1.3585 in early Asian trading (ticks above Thu/Fri rally's peak at 1.3581) before starting to ease.…
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EURUSD – signal of correction on break below 1.2000 trigger
The Euro stands at the back foot in early Monday's trading and pressures the top of key near-term support zone between 1.2000 and 1.1970 (last week's triple-bottom / rising 10SMA).
As I mentioned in previous comments, repeated failures…
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USDCAD falls over 150 pips on weak US and upbeat Canada jobs data
USDCAD fell to the lowest levels since late Sep 2017, on over 150-pips bearish acceleration after US / Canada jobs data.
The greenback came under pressure on US NFP data miss while upbeat Canada employment figures (78.6K new jobs created in…
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Dollar falls on US NFP miss but losses were so far short-lived for most of major pairs
The US dollar fell across the board after US Non-Farm payrolls miss. December NFP was 148K, well below forecasted 190K and November’s figure at 252K, revised higher from 228K.
On the other side, Average Hourly Earnings came along with…
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