SPOT GOLD holds in narrow consolidation above new low; eyes Fed's post rate decision wording…
Spot Gold is trading within narrow consolidation above fresh low at $1240 on Tuesday, but maintaining firm bearish tone.
Monday's extension of bear-leg from $1299 (27 Nov lower top) entered weekly cloud and met target at $1240 (Fibo 76.4%…
Read More...
Read More...
US CRUDE OIL – Bulls eye key barrier at $59.02
Recovery rally off $55.81 trough extends into fourth straight day and broke above target at $58.14 (Fibo 76.4% of $58.86/$55.81) on Tuesday.
Bulls were boosted by North Sea pipeline shutdown and look for test of $58.63 resistance…
Read More...
Read More...
BRENT rallies to new over 2-yr high
Brent oil surged to fresh high at $65.68 per barrel on Tuesday, extending rally from $61.15 higher base into four straight day and hitting the highest levels since mid-June 2015.
Brent price received additional support from reduced supply…
Read More...
Read More...
USDCHF – Pullback extends into daily cloud; 55SMA expected to contain correction
The pair holds in red for the third consecutive day and extends pullback from last Friday's peak at 0.9977, where strong upside rejection occurred.
Failure ahead of parity level triggered fresh easing, with today's extension lower returning…
Read More...
Read More...
USDJPY – corrective dips to precede fresh upside
The pair is in red in early Tuesday's trading after Monday's action ended in Doji candle, unable to sustain gains above daily cloud.
Additional negative signal comes from slow stochastic which turns south in deep overbought territory,…
Read More...
Read More...
GBPUSD – UK CPI data in focus
Cable ticked higher on Tuesday after strong fall on Monday which generated bearish signal on close below 1.3354 (Fibo 38.2% of 1.3038/1.3549 ascend).
Pound received support from political news on Tuesday, but focus is at UK inflation data.…
Read More...
Read More...
EURUSD – choppy trading within the cloud ahead of FOMC
The Euro remains constructive on Tuesday and attempts higher again after Monday's recovery stalled at 1.1810 pivot (Fibo 38.2% of 1.1940/1.1730 downleg) and subsequent pullback returned to key support at 1.1756, provided by 55SMA.
The pair…
Read More...
Read More...
AUDUSD extends recovery despite weak Australian data
The Australian dollar extended recovery on Tuesday and pressuring pivotal barrier at 0.7560 (falling 10SMA / Fibo 38.2% of 0.7653/0.7499 downleg).
The Aussie rose despite weaker than expected Australian data released on Tuesday, showing the…
Read More...
Read More...
Copper extends recovery after breaking above three-day congestion
Copper extended recovery on Monday after the price was congested in past three sessions. Initial signal of recovery was generated on break above congestion tops at $2.9900 zone, with fresh advance hitting next pivotal barrier at $3.0120…
Read More...
Read More...
TRY rallies after upbeat data; focus on Fed; CBRT later this week
Turkish lira extends advance against US dollar for the second day. Upbeat economic data from Turkey, released today, offered fresh support to lira which resumes recovery from all-time low, posted on 22 Nov.
Turkish Q3 GDP surprised in Q3 at…
Read More...
Read More...