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…
Read More...
Read More...
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…
Read More...
Read More...
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),…
Read More...
Read More...
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.…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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…
Read More...
Read More...
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...