Windsor News & Research Blog - Forex Market Analysis & Trading Insights

WTI oil stands at the back foot on Monday, following two-day pullback from new over three-year high at $69.54, but holds for now above Friday's spike low at $67.48.Easing from new high is seen as consolidative/corrective action on…
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The Aussie dollar remains under pressure on Monday and cracks 0.7640/50 base, which marks the upper boundary of key support zone, consisting of Fibo 38.2% of 0.6825/0.8135 recovery (0.7635) and longer-term bull-trendline, drawn of Jan 2016…
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The Euro maintains negative tone on Monday, pressured by strong fall last Thu/Fri, which retraced over 76.4% of 1.2215/1.2413 upleg.Fall on Friday spiked to 1.2249, but failed to close below pivotal support at 1.2290 (Fibo 61.8% of…
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Cable maintains negative tone at the beginning of the week and cracked psychological 1.40 support, in extension of steep four-day fall from last week's peak at 1.4376. Weak releases of key UK data last week and dovish comments from BoE's…
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The pair hit new two-month high at 107.90 on Monday in extension of three-day rally from 106.88 trough, as easing concerns over global political risks significantly reduced safe-haven-demand and kept yen under pressure. Trading on Monday…
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The pair extends recovery into third straight day on Friday and broke through 100SMA (1.2678) as loonie was hit by weak Canadian data (CPI 0.3% Mar vs 0.4% f/c and 0.6% Feb / core retail sales 0.0% Feb vs 0.3% f/c and 1.0% Jan). Recovery…
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The Euro extended weakness on Friday and tested support zone at 1.2299/90, driven by stronger dollar and hedging for option expiries. The pair holds just above new daily low at the beginning of the US session, with strengthening negative…
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Gold price holds in red on Friday as dollar firms and extends pullback after strong double upside rejection at $1355 zone on Wed/Thu. Fresh extension lower on Friday broke below 10SMA ($1343 also near 50% of $1319/$1365 upleg) and cracked…
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WTI oil holds within narrow consolidation on Friday, near new over three-year high at $69.54, posted on Thursday. Bulls showed hesitation on approach to psychological $70 barrier and eased to $67.90 on overbought conditions. Daily studies…
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The Aussie dollar holds in red on Friday and probed below 0.7700 handle, in extension of previous day's sharp fall. Repeated rejection at 200SMA, with near-term action being weighed by thickening daily cloud (base of cloud lies at 0.7835),…
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