EURUSD – bulls are taking a breather ahead of attack at 1.2092/1.2150 targets
The Euro eases on Wednesday, taking a breather after strong four-day rally which peaked at 1.2081 (the highest since early Sep 2017) on Tuesday.
Strong uptrend remains intact and underpinned by weak dollar, showing scope for eventual attack…
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XAUUSD – bulls look for further advance on break above daily cloud top
Spot Gold hit new one-month high at $1293, in extension of steep rally from $1293 (12 Dec low).
Fresh US dollar’s sell-off on Thursday additionally boosted yellow metal’s strong bullish sentiment, with thinner volumes ahead of New Year…
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WTI OIL consolidates under $60 barrier; bullish sentiment supportive for further advance
WTI oil maintains firm tone and holding within narrow consolidation under psychological $60 barrier (fresh highs in 2 ½ years) which was dented on strong bullish acceleration on Tuesday.
Oil price was boosted by stronger than expected draw…
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AUDUSD – fresh bullish extension pressures daily cloud top at 0.7816
The Aussie dollar extended steep rally on Thursday and cracked psychological 0.7800 barrier, en-route to key resistance at 0.7816 (daily cloud top).
Broader greenback’s weakness keeps the Aussie supported, with bulls so far ignoring…
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USDJPY – fresh bears penetrate daily cloud and may extend towards key support at 112.00
The pair came under increased pressure and fell sharply on Thursday, driven by fresh dollar’s sell-off.
Bearish acceleration penetrated daily cloud after descending cloud top acted as solid support and limited downside attempts in past few…
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GBPUSD – fresh bullish acceleration looks for 1.3500+ extension
Cable hit two-week high at 1.3455, which also marks Fibo 61.8% retracement of 1.3549/1.3300 downleg, on fresh bullish acceleration in Asian / early European trading on Thursday.
Eventual break above week-long congestion tops at 1.3400…
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EURUSD surges towards 1.20 on fresh dollar’s sell-off
The Euro surged through 1.1900 barrier in early trading of Thursday, to retest month’s high at 1.1940 and open way towards key barriers at 1.1961 (27 Nov high) and psychological 1.2000 resistance.
The single currency was boosted by fresh…
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COPPER trades near 3 ½ year high
Copper future contract for delivery hit 3 ½ year high at $3.2980 in extension of two-week uninterrupted rally from $2.9425 trough.
Metal rallied to new high on Tuesday after post-holiday trading started with gap-higher opening, with strong…
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AUDUSD extends rally, underpinned by rising metals’ prices
The Aussie dollar remains well supported and hits fresh two-month high at 0.7768 on Wednesday’s strong bullish acceleration, in extension of four-day rally, supported by rally in metals prices.
Today’s rally broke above pivotal barrier at…
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USDJPY – near-term bears pressure key 113.00 support zone
The pair remains in red on Wednesday and extends descend from 113.63 (21 Dec lower top) left after repeated failure to clearly break above daily cloud.
The price continues to move lower since then, tracking descending daily cloud top which…
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