USDTRY – bears pressure key daily cloud base support
The pair ticked higher on Friday on slightly firmer dollar but remains under strong pressure and on track for the third straight bearish weekly close.
Pullback from record high at 3.9814 broke into thick daily cloud on 22 Dec and extended…
Read More...
Read More...
COPPER – formation of weekly bearish engulfing threatens for deeper correction
Copper remains in red on Friday and is on track for the first negative weekly close after three weeks of strong rally.
Bearish engulfing is forming on weekly chart and could generate stronger bearish signal for deeper correction of…
Read More...
Read More...
FTSE 100 index hits new record highs
FTSE100 index surged to new record highs on Friday, underpinned by rally in European and US equities as well as rising optimism for strengthening economy.
The index rose above previous all-time high at 7649 (29 Dec), heading towards…
Read More...
Read More...
WTI OIL – reversal pattern is forming on daily chart
WTI oil stands at the back foot on Friday and eases from fresh high at $62.19 (the highest levels since mid-May 2015).
Bearish signal was generated on Thursday’s close in Doji and subsequent weakness on Friday, completing Evening Doji Star…
Read More...
Read More...
SPOT GOLD eases on stronger dollar ahead of US jobs data
Spot Gold trades in red on Friday and pulls back from fresh nearly four-month high at $1326, posted on Thursday.
Stronger dollar in early Friday’s trading pushed yellow metal’s price lower, ahead of key release US NFP data, due later today.…
Read More...
Read More...
AUDUSD in red on Friday after weak Australian data; eyes US jobs figures for fresh signal
The Aussie dollar dipped on Friday after posting new marginally higher high at 0.7869 of uninterrupted four-week rally, which was so far capped by falling weekly 200SMA.
Weaker than expected Australian data, released overnight, weighed on…
Read More...
Read More...
GBPUSD – bulls are struggling to regain 1.3600 handle
Cable is struggling to regain 1.3600 handle which was cracked this week (Tue high 1.3600 / Wed high 1.3612) but without clear break higher, as bulls stalled and fell back to 1.3500 zone on Wednesday.
Thursday’s recovery sidelined immediate…
Read More...
Read More...
EURUSD remains biased higher; EU / US data seen as a key driver today
The Euro remains supported and attacked again the upper boundary of three-day congestion between 1.2000 and 1.2090.
Thursday’s bullish outside day is supportive, but the pair faces strong headwinds from 1.2100 resistance zone, which stayed…
Read More...
Read More...
USDJPY surges through 113.00 pivot; eyes US jobs data for fresh signals
The dollar holds firm tone against yen and extends recovery rally from strong support at 112.00 zone into third straight day.
Fresh bullish acceleration on Friday broke above key barriers at 113.00 zone, consisting of converged…
Read More...
Read More...
SPOT GOLD (longer-term outlook)
Spot Gold is trading in the fourth consecutive bullish week, in strong recovery rally from $1236 (10 Dec low).
A higher low of larger uptrend from is forming at $1122 (Dec 2012 low) is forming at $1326 after strong recovery rally retraced…
Read More...
Read More...