SPOT GOLD – post-Fed rally struggles at falling 10SMA
Spot Gold rallied on Wednesday on weaker dollar but was so far unable sustain extension on Thursday, after upside attempts were capped by falling 10SMA at $1259 which marks one-week high.
Positive fundamentals are supportive for the yellow…
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USDJPY – bears eye targets at 112.30/111.95; limited correction to precede
The pair stands deeply in daily cloud on Thursday and consolidating after previous day's strong fall (the biggest one-day loss since 22 Nov).
Bears found footstep at 112.46 where daily Kijun-sen contained Wednesday's post-Fed acceleration,…
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AUDUSD extends post-Fed rally after upbeat Australian jobs data
The Aussie dollar extended strong recovery rally from 0.7500 base into fourth straight day on Thursday and broke above key near-term barrier at 0.7653 (05 Dec high).
Fresh bullish extension was triggered by better than expected Australian…
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GBPUSD extends post-Fed rally; eyes retail sales / BOE
Cable remains firm on Thursday and extends strong post-Fed rally, breaking above 10SMA (1.3416) which capped Wednesday's rally and generating bullish signal.
Fresh bullish acceleration pressures barrier at 1.3455 (Fibo 61.8% of…
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EURUSD probes above daily cloud in extension of post-Fed rally; ECB in focus today
The Euro probes above daily cloud top (1.1823) in early Thursday's trading, in attempts to extend previous day's strong rally (the biggest one-day gains since Nov 24) after Fed disappointed investors.
The US central bank increased interest…
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USDJPY falls deeper in the cloud on soft US CPI data; FOMC verdict eyed
The pair accelerated lower sharply as the dollar was sold across the board after weak US data.
Headline CPI came along with expectations at 2.2% while core CPI missed expectations (m/m 0.1% in Nov vs 0.2% f/c / previous month and y/y 1.7%…
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SPOT GOLD holds in extended consolidation but bearish bias remains intact; FOMC rate decision in…
Spot Gold is pressuring $1240 support which held stabilization in past two sessions, signaling fresh extension of the downleg from $1299 (27 Nov high).
Overall bearish structure and strong expectations that Fed will hike rates today keeps…
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WTI OIL holds in tight consolidation above Tenkan-sen support; EIA report in focus
Oil price recovered slightly on Wednesday, following previous day's fall and holding for now above initial support at $57.34 (daily Tenkan-sen).
Tuesday's quick pullback which dipped to $56.85, retraced 61.8% of three-day $55.81/$58.54…
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AUDUSD – recovery shows strong signs of stall at 20 SMA barrier
Recovery rally from near-term base that is forming at 0.7500 is shows signs of losing traction after being repeatedly capped by 20SMA (0.7575).
Overall bearish structure warns of recovery rally stall, as solid offers at 0.7575/0.7600 zone…
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USDJPY is expected to consolidate before bulls resume; 113.00 zone marks solid support
The pair is back into daily cloud on Wednesday following repeated rejection under 113.81 target (Fibo 76.4% of 114.73/110.83), with double Doji (Mon/Tue), giving initial signal of rally's stall.
Fresh downside attempts today were so far…
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