WTI OIL – deeper pullback seen on break below $67.10 base, but overall picture remains bullish
WTI oil holds in red at the beginning of the week and pressures pivotal supports at $67.10 base, where recent downside attempts were repeatedly rejected.
Oil price came under fresh pressure after report released late Friday showed US…
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AUDUSD holds in red on Monday and threatens to offset positive signals from Friday’s bullish…
The Aussie dollar accelerated lower on Monday and threatens to fully retrace Friday's recovery ( Friday's close was the first positive daily close after six straight days in red).
Better than expected Chinese Mfg / non-Mfg data on Monday…
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GBPUSD – bears eye target at 1.3711 and main bull-trendline at 1.3650
Cable stands at the back foot on Monday and pressures Friday's low at 1.3746, following narrow consolidation in Asia.
Friday's long bearish candle weighs, with negative sentiment being underpinned by weak GDP data which further diminished…
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EURUSD consolidates above 1.2154 Fibo support; break above 1.22 zone to signal reversal and sideline…
The Euro eased in early European trading on Monday after holding within narrow range in Asian, driven by weaker that expected German retail sales (Mar -0.6 vs 0.8% f/c) and eyeing German CPI data (Apr m/m -0.1% f/c vs 0.4% prev) for fresh…
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The dollar is firmer and sidelines immediate risk of pullback at the beginning of busy week
The dollar was firmer in early Monday's trading and sidelined immediate downside risk on break through 100SMA pivotal support (108.85) following past two day's close in red after strong rally showed signs of stall.
The greenback pulled…
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USDJPY – downside remains at risk after strong US GDP data showed mild impact on dollar
The pair spiked to new marginally higher 11-week high at 109.53 after US data on Friday, but gains proved to be short-lived.
Subsequent easing brought the price back to the mid-point of consolidation range (109.06/53).
Stronger than…
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GBPJPY – close below cracked daily cloud top / Fibo 38.2% support would be strong bearish…
The cross was sharply lower on Friday, driven lower by downbeat UK GDP data, losing 1% for the day so far.Strong bearish acceleration penetrated thick daily cloud (spanned between 150.79 and 148.31), as cloud top contained previous attack…
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AUDUSD – limited recovery attempts on Friday keep bears firmly in play
The Aussie moved slightly higher after hitting ne low at 0.7532 on Friday (the lowest since early Dec), but without signs of stronger recovery for now.
Limited upside action keeps bears firmly in play and signals further easing for…
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Sterling falls further after downbeat UK GDP data
UK GDP fell below expectations in Q1, as markets feared such outcome on bad weather that hit Britain in early 2018, but this is just a part negative factors that impacted UK economy.
Data released today showed that UK economy grew at its…
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USDJPY holds within narrow consolidation; bulls remain intact above broken 100SMA
The pair holds firm on Friday and extends consolidation under new recovery high at 109.46 (weekly 100SMA) and showed no reaction on BoJ's policy decision, released earlier today.
The central bank kept policy steady but removed timeframe…
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