EURUSD rallies on potential for Koreas’ talks; probes above pivotal 1.24 barrier
The Euro surged to new two-week highs at 1.2400 zone, on fresh bullish sentiment from news about summit between North and South Korea, which was planned for late April, regarding denuclearization and normalizing ties.Surprise decision of…
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COPPER – fresh recovery is forming reversal pattern on daily chart
Copper advanced on Tuesday and penetrated thick daily cloud, after three-day congestion remained capped by cloud base.
Fresh advance is generating reversal signal after repeated strong downside rejections left higher base at $3.0950 zone…
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SPOT GOLD – fresh attempts higher as sentiment sours on renewed fears about trade war
Spot Gold moved higher on Tuesday, probing again above initial barrier at $1323 (10SMA), as uncertainty on US tariffs keeps dollar's sentiment sensitive.
Traders remain cautious as fears of possible trade war remain alive, as pressure…
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WTI OIL- recovery probes through cracked Fibo barrier at $62.65; crude inventories reports in focus
WTI oil holds within narrow consolidation under new recovery high at $62.86 on Tuesday, taking a breather after strong advance previous day.Confirmation of reversal came on Monday's strong rally which left a double-bottom on daily chart…
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USDJPY – limited recovery but immediate downside risk is sidelined
The pair eased from session high at 106.44, where Fibo 23.6% of 110.28/105.24 fall capped the extension of Monday's strong rally.
Bounce from new 16-month low at 105.24 sidelined immediate downside risk, however, daily techs remain in full…
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GBPUSD holds in narrowing range between 55 and 10SMA, but negatively aligned techs keep the downside…
Cable showed little action in Asia / early Europe on Tuesday but holding in red for now after upside attempts stalled on approach to descending 10SMA (1.3871).
The pair is trading in the middle of thick daily cloud, with today's action…
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Directionless near-term action looks for fresh signal; ECB and EU GDP data eyed
The Euro holds in tight range in early hours of the European session, showing no clear direction after Monday's trading ended in long-legged Doji, signaling strong indecision.
Three-day recovery from 1.2154 (01 Mar low) faced strong…
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Remains directionless after little reaction on RBA; Australian data
The Australian dollar showed mild reaction on mixed Australian data and RBA rate decision on Tuesday.
The pair ticked above pivotal barriers at 0.7772/85 (100/200SMA's) and hit session high at 0.7792, where rally was capped by falling…
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Loonie remains under strong pressure on NAFTA, US tariffs; psychological 1.30 barrier in focus
The USDCAD maintains firm bullish sentiment and broke above strong barriers at 1.2920 (former triple top / 2018 high), extending the upleg from 1.2610 (23 Feb trough) into sixth straight day. Canadian dollar remains under increased…
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Recovery attempts were short-lived so far; OPEC / US shale producers meeting in focus for fresh…
WTI oil moved higher on Monday and cracked barrier at $61.69 (Fibo 38.2% of $64.22/$60.12 bear-leg) but was so far unable to sustain break, as recovery extension stalled at $61.95.
Subsequent pullback returned the price back into thick…
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