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...
GBPUSD (longer-term outlook)
Cable is holding in an uptrend since mid-Jan 2017, after post-Brexit vote bearish acceleration based at 1.1950 zone.
Steady recovery is looking for extension above 1.3655 (2017 high / the highest since 24 June 2016) as 1.3655/1.3026 (20 Sep…
Read More...
Read More...
WTI OIL hit new 2 ½ year high but correction signals require caution
WTI oil hit new high at $62.19 on Thursday (the highest since mid-May 2015) in extension of Wednesday’s strong rally.
Oil prices remain supported by OPEC-led production cut, with additional boost coming from recent tensions in Iran, one of…
Read More...
Read More...
AUDUSD hit new high but corrective action could be anticipated in the near term
The Aussie dollar stays firm and hit new high at 0.7856 (the highest since Oct 20) on Thursday, boosted by better than expected China Services PMI (Dec 53.9 vs 51.8 f/c).
Thursday’s action was so far shaped in long-legged Doji, signaling no…
Read More...
Read More...
USDJPY – daily cloud top limits recovery, more resistances lay above
Recovery from strong support at 112.00 zone extends into the second day and spiked to 112.76, where daily cloud top limited rally for now.
Bullish hourly studies are supportive however, plethora of strong barriers, consisting of daily cloud…
Read More...
Read More...
GBPUSD – bid tone above 1.3500; UK data in focus
Cable ticked higher in early European trading on Thursday after holding within tight range in Asia.
Wednesday’s strong close in red after four consecutive bullish days was negative signal, but dips were so far limited at 1.3493 (Fibo 38.2%…
Read More...
Read More...
EURUSD trades in extended consolidation above 1.2000 but deeper pullback not ruled out
The Euro holds positive sentiment and bounced to 1.2038 on Thursday, after limited impact from encouraging Fed minutes, released late Wednesday.
Fed policymakers backed continued gradual rate hikes, in expectations for faster inflation from…
Read More...
Read More...