USDCAD – limited recovery attempts as thickening daily cloud continues to weigh
The USDCAD bounced on Thursday after extension of Wednesday's sharp bearish acceleration found footstep at 1.2465 (daily Kijun-sen / 50% retracement of 1.2248/1.2687 upleg).
Recovery attempts were so far limited at 1.2520 (broken Fibo…
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COPPER – profit-taking after strong rally slows bulls
Copper trades in narrow consolidation under new marginally higher high at $3.2460, posted after strong three-day rally from $3.0250 (09 Feb low).
Rally accelerated on Tue/Wed on fresh weakness of the dollar and surged through thick daily…
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EURUSD remains firm after mixed US data; bulls may extend consolidation before continuing
The Euro holds firm tone at the beginning of US session and holding under fresh two-week high at 1.2510, posted in early European trading today.
Pullback from 1.2510 was shallow (contained at 1.2462), with mild reaction on mixed US data…
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SPOT GOLD hits new recovery high in extension of strong rally on Wednesday
Spot Gold hit new nearly three-week high at $1357 on Thursday, in extension of strong rally previous day when gold price advanced over 1.5%.
Significantly weaker dollar which returned to broader downtrend after being initially boosted by…
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WTI OIL maintains fresh bullish sentiment on weak dollar; remarks from Saudi Arabia
WTI holds firm tone on Thursday and extends higher after strong rally on Wednesday when crude price was up 3%.
Fresh rally was sparked by EIA weekly crude stocks report which showed lower than expected build of crude inventories last week…
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AUDUSD – bulls eye key 0.80 resistance zone
The Australian dollar extends strong rebound from 0.7758 (09 Feb correction low) to crack 20SMA at 0.7959 and expose key barriers at 0.80 zone (psychological resistance / Fibo 61.8% of 0.8135/0.7758 pullback.
The Aussie regained ground…
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USDJPY hits new 15-mth low on break through key point at 106.51
The pair remains firmly in red on Thursday and broke below key support at 106.51 (Fibo 61.8% of 98.99/118.66, Jun/Dec 2016 rally), extending losses to new 15-month low at 106.17, posted in early hours of European session.
Clear break below…
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GBPUSD – fresh risk aversion inflates pound; bulls focus 1.4066/81, post-BoE high / Fibo 61.8%…
Fresh bullish acceleration in early European trading broke above 20SMA (1.4021) and probes above 1.4056 (4-hr cloud top) for retest of 1.4066 ( high posted after last week's post-BoE's hawkish hold announcement).
Cable remains firm on…
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EURUSD – bulls probe above 1.25 barrier; targets at 1.2537/97 in focus
The Euro probed above 1.25 barrier in early European session trading on Thursday, extending strong rally from 1.2205 (09 Feb) into fourth straight day.
Euro's bulls were interrupted on Wednesday after stronger than expected US inflation…
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EURUSD – it seems that post-US data dip was just opportunity to enter new longs
The Euro reversed direction after hitting daily low at 1.2275, driven by upbeat US CPI data and bounced strongly, reversing initial losses after data and extending through Asian session highs at 1.2392.
It seems that dip after unexpectedly…
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