USDJPY – consolidation above 111.02 target to precede fresh bears
The pair holding within narrow consolidation above target at 111.02 (50% retracement of 107.31/114.73 ascend) in early Thursday's trading.
Strong bearish acceleration on Wednesday eventually took out key supports at 111.90 (daily cloud top)…
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GBPUSD – bulls are consolidating after surge above daily cloud
Cable is consolidating under fresh high at 1.3337 on Thursday after Wednesday’s strong bullish acceleration eventually broke above daily cloud and cracked key barriers at 1.3320/37 (01 Nov / 13 Oct peaks).
Longs remain firmly in play and…
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EURUSD – bulls eye daily cloud top in extension of post- Fed minutes rally
The Euro is holding in daily cloud on Thursday, with cloud base at 1.1812 acting as support and holding today's action.
Doji reversal pattern that was completed on Wednesday's strong rally continues to underpin for extension towards targets…
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USDJPY – bears penetrate daily cloud; signal further weakness
The pair penetrates daily cloud, pressured by fresh dollar’s weakness, signaling extension of pullback from 114.73 top, which was paused for two-day consolidation.
Daily close below key 111.90/70 supports (daily cloud top / Fibo 38.2% of…
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GBPUSD – fresh bullish acceleration eventually broke above daily cloud
Cable regained traction after dipping to cloud base (1.3214) and surged above key barriers at 1.3261/66 (daily cloud top / Fibo 38.2% of 1.3655/1.3026).
Fresh strength and eventual break above daily cloud signals bullish continuation for…
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USDCHF pressures key supports at 0.9870 after weak US data
The pair trades in red for the second day and probes below the floor of week-long congestion at 0.9870 zone.
Near-term bears off 0.9945 (congestion tops) were additionally boosted from weak US durable goods orders data (Sep -1.2% vs 0.3%…
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EURGBP – recovery attempts remain limited
The cross retested Tuesday’s high at 0.8885 on Wednesday but failed to hold gains and fell back below daily Kijun-sen which also acts as solid barrier at 0.8877.
No stronger upside action was seen after Tuesday’s trading ended in…
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TRY hits new all-time low
The Turkish lira remains under strong pressure and posted new record low against the dollar at 3.9814 on Wednesday.
Fresh lira’s weakness dragged Turkish stocks significantly lower and consumer confidence fell to yearly lows.
No relief seen…
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SPOT GOLD extends Tuesday’s advance; Fed minutes in focus
Spot Gold was modestly higher on Wednesday and extended recovery from the previous, hitting session high at $1286.
Bulls were so far unable to hold gains and repeating scenario Tuesday’s scenario of quick pullback after hitting new highs.…
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US CRUDE OIL – extended rally cracks key $57.90 barrier
WTI oil rose further on Wednesday, extending bullish acceleration of the previous day and cracked target at $57.90 (08 Nov former top).
Bullish near-term structure was boosted by disruption of Canada – US pipeline and API crude stocks…
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