GBPUSD – bullish sentiment keeps 1.3655 target in focus; correction to precede fresh rally
Cable is consolidating on Friday after steep two-day rally, driven by positive hopes over Brexit talks and strong month-end demand, peaked at 1.3548 on Thursday.
Consolidation is narrow for now and holds above 1.3500 handle, however, steep…
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EURUSD – continuation of Thursday’s rally eyes targets at 1.1965/1.2000
The Euro holds firm tone on Friday and probes above the high of Thursday’s strong rally at 1.1932, with the downside being contained by broken Fibo 61.8% point at 1.1886.
Scope is seen for push through 1.1965 barrier (Fibo 76.4% of…
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Cable surges above 1.3500
Cable surged through 1.3500 barrier on Thursday, hitting the highest level since 25 Sep. The pair extends acceleration, driven by strong bullish sentiment over Brexit talks and month-end dollar selling.
Eventual break through 1.3500…
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USDTRY – Doji reversal signal is forming on daily chart
Doji reversal pattern is forming on daily chart after yesterday’s action was repeatedly capped at 3.9729 and ended in Doji candle, with today’s bearish acceleration completing the pattern.
Fresh bears cracked initial support at…
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DOW JONES hits new record high on probe above 24000 barrier
Dow Jones hit new all-time high on Thursday, on probe above psychological 24000 barrier. Future contract for December delivery hit the highest level at 24039, in extension of uninterrupted bull-leg which extends into sixth straight day.
No…
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COPPER – recovery attempt above cloud base faces headwinds
Copper rose on Thursday and hit session high at $3.0915, boosted by better than expected Chinese data (Manufacturing PMI 51.8 in Nov vs 51.4 f/c).
Doji reversal pattern is forming on daily chart after Wednesday action ended in long-legged…
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USDCAD – key barriers at 1.2916/25 under increased pressure
The pair extends steep ascend from 1.2670 base and pressures key barrier at 1.2916 (27 Oct recovery peak, the highest since mid-July).
Strong recovery extended after double-bottom was formed (1.2665/70) and showing scope for eventual break…
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SPOT GOLD extends weakness under widening daily cloud
Spot Gold remains in red on Thursday and hit one-week low at $1279, extending strong fall on Wednesday after data showed the US economy has regained traction. US Gross Domestic Product rose by 3.3% in Q3, showing economy expanding in the…
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WTI OIL trades in tight range, awaiting the verdict from OPEC meeting
WTI oil is holding within tight range on Thursday and awaiting the outcome of today’s OPEC meeting, which is the key event for oil this week.
Oil price was in red for three days on corrective pullback from fresh high at $59.02, which found…
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AUDUSD – bears focus key support at 0.7530; falling trendline continues to cap
The Aussie remains in red for the fifth consecutive day and trend lower, with bear-trendline off 0.8102 (20 Sep high) continuing to cap and maintain bearish pressure.
Limited overnight’s corrective action was capped by broken daily…
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