GBPUSD stands at the back foot ahead of UK jobs data
Cable stands at the back foot on Wednesday and pressuring strong support at 1.3300 zone (Tuesday's low / daily Kijun-sen) which contained Tuesday's weakness.
Bearish daily candles with long upper wicks, left on Mon / Tue, weigh on the price…
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EURUSD – daily cloud base remains in focus; Fed rate decision eyed for more clues about n/t…
The Euro remains in red in early Wednesday's trading and keeps near-term risk skewed to the downside, following limited upside attempts in late Asian and subsequent easing in early European trading.
Tuesday's weakness tested daily cloud…
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USDJPY return above daily cloud is bullish signal
The dollar regained traction and returned above cloud top, boosted by better than expected US data.
Fresh bullish acceleration posts new highs (the highest in one month) and on track for the third consecutive close above daily cloud top…
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EURUSD dips below 55SMA on strong US data
The Euro fell to the session low at 1.1741 after better than expected US PPI data sent dollar higher across the board.
Fresh easing broke below pivotal support at 1.1756 (converged 30/55SMA's) and generating bearish signal for test of…
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EURGBP – downside remains at risk after repeated rejection at strong 0.8850 resistance
The cross eased to 0.8800 support on Tuesday after rejection at 0.8850 zone where upside attempts in past few sessions were repeatedly rejected.
Resistance is marked by sideways-moving 30SMA and reinforced by falling 20SMA which is…
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COPPER – recovery rally shows signs of hesitation at strong barriers at $3.0120/88
Four-day rally is taking a breather on Tuesday, holding within narrow consolidation under fresh recovery high at $3.0175, posted on Monday.
Falling 10SMA approaches (currently at $3.0188) and weighs on near-term action, as bearish setup of…
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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%…
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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…
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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…
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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…
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