WTI OIL – sharp fall neutralizes positive impact from surprise crude stocks fall; EIA data…
Oil price fell on Wednesday to new two-week low on strong acceleration after announcement on China tariffs.
Fresh weakness fully retraced Tuesday's recovery after oil price peaked at $63.84, boosted by surprise drop of oil stocks (API…
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AUDUSD erases overnight’s gains on risk aversion after China tariffs announcement
The Aussie dollar fell sharply to the session low at 0.7664 after China announced new tariffs on US good, sparking strong risk aversion in the markets.
Fresh weakness erased gains on upbeat Australian retail sales, when the pair spiked to…
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USDJPY – 30SMA support came under pressure after repeated failure at 106.65 Fibo barrier
The pair eases from the session high at 106.68 after repeated failure to clear strong barrier at 106.65 (Fibo 61.8% of 107.90/104.63 descend).
Initial support at 106.23 (30SMA) is under pressure, with weakening momentum seeing risk of…
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GBPUSD – recovery dented pivotal barriers at 1.4100 zone, but so far unable to break higher
Cable remains in green for the fourth straight day on Wednesday, gradually extending recovery from the higher base at 1.4010.
Fresh extension higher dented pivotal barriers at 1.4090/99 (10SMA / Fibo 38.2% of 1.4243/1.4010 bear-leg) but…
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EURUSD stands at the back foot ahead of EU inflation data
The Euro started European session at the back foot after short-lived recovery in Asia which was capped by previous congestion floor, now acting as initial resistance at 1.2283.
Tuesday's strong fall was sparked after a cluster of MA's…
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USDCAD – fresh bears test key Fibo support at 1.2792
The pair was sharply lower on Tuesday and hit one week low at 1.2810, as Canadian dollar strengthened on optimism over NAFTA trade deal and crude oil steadied after suffering strong losses on Monday.
Today’s weakness probes below former…
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EURUSD probes below range floor, pressured by weak data
The Euro enters the American session at the back foot and pressures the floor of four-day congestion at 1.2280 zone, after upside attempts in early European trading stalled on attempts through congestion tops, reinforced by converged…
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USDTRY extends recovery but lower inflation in Turkey could slow bulls
The USDTRY holds in a steady recovery from 3.9338 (29 Mar low, posted after sharp fall) which extends into third straight day and retraced so far 61.8% of 4.0150/3.9338 dip.
Recovery rally returned above rising 10SMA (currently at 3.9622…
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WTI OIL trades in recovery mode after suffering heavy losses on Monday; API data eyed for fresh…
Oil price moved higher on Tuesday, retracing a part of Monday’s strong fall (oil price was down 3.2% in the biggest one-day fall since 07 Feb).
Oil price came under pressure on concerns over increased Russian output which offset…
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AUDUSD bounces after RBA, but upside action was so far limited
The Aussie dollar bounced from 0.7650 (floor five-day congestion) on Tuesday and tested range top at 0.7706, after Australian central bank kept rates unchanged at record low at 1.5% for 20 straight months and showing no signs of any change…
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