SPOT GOLD rallies to multi-month high on weaker dollar
Spot Gold rallies for the second day and hit multi-month high at $1349 on Wednesday after fresh bullish acceleration broke above former high at $1344 (15 Jan) completing $1344/$1324 corrective phase and signaling continuation of steep…
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AUDUSD surges on weaker greenback; key barrier at 0.8124 in focus
Bulls accelerated strongly on Wednesday, ending three-day consolidation on break above previous high at 0.8038.
Rally hit new four-month high at 0.8061, coming ticks ahead of 27 July high at 0.8065 and focusing next target at 0.8102 (20 Sep…
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USDJPY accelerates on break below 110.15/00 pivots; increased pressure comes from comments of US…
The extends steep descend into second straight day on Wednesday with fresh bearish acceleration sparked by eventual break below key supports at 110.15/00 (Fibo 61.8% of 107.31/114.73 rally / psychological support) and triggering stops…
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Cable extends advance towards 1.41 ahead of UK employment data
Cable is establishing above 1.40 handle on Wednesday on fresh acceleration higher after bulls showed hesitation on Tuesday and ended trading in long-legged Doji, closing slightly below 1.40.
Bullish continuation was triggered by fresh…
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EURUSD could extend to 1.25 zone on break above 1.2350 trigger
The Euro moved higher on Wednesday and hit new high at 1.2335, the highest since mid-Dec 2014, completing shallow correction (1.2323/1.2165) and signaling further advance.
Strong bullish sentiment was boosted by upbeat figures from EU /…
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GBPUSD – renewed probe above 1.40; weaker dollar and positive environment around Brexit talks…
Cable broke above 1.40 barrier in American trading on Tuesday, following brief probe in Asian session (1.4002 high) and subsequent pullback which found footstep at 1.3915, where dip was contained by hourly 55SMA.Fresh bullish acceleration…
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COPPER – surge in inventories sparks fresh sell-off
Copper price accelerated lower on Tuesday, signaling extension of pullback from $3.3200 high on break below four-day congestion floor at $3.1790.
Fresh weakness was sparked by surge in copper inventories which signal healthy supplies and…
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SPOT GOLD stands on front foot on Tuesday despite firmer dollar
Spot Gold remains constructive on Tuesday and retested last Friday's recovery high at $1338, signaling extension of recovery leg from $1324 (low of $1344/$1324 correction).
The yellow metal maintains positive tone despite the greenback…
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WTI OIL – sustained break above $64 needed to confirm bullish signals
WTI oil price ticked higher on Tuesday and probes again above $64 barrier, as focus turns towards US crude inventories data (API report due today and EIA report due on Wednesday).
Strong bullish signals have been generated on daily chart…
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AUDUSD eases from 0.80 zone, pressured by stronger greenback and lower copper price
The Aussie dollar eases on Tuesday after repeated failures to sustain break above 0.80 barrier with 0.8030 zone topping recent upside attempts.
Stronger greenback on deal of US policymakers to end government's shutdown and weaker copper…
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