USDJPY – bears remain in play; consolidation to precede fresh downside
The dollar rose above 109 barrier in early Europe after retesting support at 108.50 zone overnight, bur recovery was so far capped by sideways-moving 10SMA (109.24).
Extended consolidation under falling 20SMA (109.74) before fresh attempts…
Read More...
Read More...
EURUSD – recovery attempts need break above 1.23 pivot to sideline persisting downside risk
The Euro moved higher on Friday, in recovery attempt after broader bears were contained by rising 30SMA at 1.2212 on Thursday.
Initial sign of basing is seen on bounce from 1.2212, but recovery is still holding below 1.2300 pivot (former…
Read More...
Read More...
Pound struggles to regain 1.40 pivot despite support from hawkish comments and weaker dollar
Cable holds firm tone on Friday and attempts again towards psychological 1.40 barrier, following Thursday's spike to 1.4066 after BoE rate decision and subsequent quick pullback.
Sterling was boosted by hawkish hold from BoE, as the…
Read More...
Read More...
EURGBP – bearish acceleration on hawkish BoE threatens for retest of key s/t supports at…
The cross accelerated sharply lower after hawkish stance from BoE today, being down 1.2% for the day so far, in extension fall from 0.8897 on Wednesday.
Fresh weakness turned daily techs into full bearish setup which may result in final…
Read More...
Read More...
Pound spikes above 1.40 vs dollar in expected reaction to BoE’s hawkish hold
Sterling cracked 1.40 barrier and spiked to three-day high at 1.4014 after BoE maintained hawkish hold on its monetary policy meeting today.
The UK's central bank kept interest rates as expected at 0.5%, with policymakers voting 9-0 to…
Read More...
Read More...
WTI OIL at five-week low, pressured by rising US output, weekly inventories build
WTI oil is holding near new five-week low at $61.21 and remains under strong pressure on Thursday, following sharp fall on Wednesday.
Oil price came under increased pressure after data showed US oil production rose above 10 million barrels…
Read More...
Read More...
AUDUSD – bears focus daily / weekly cloud tops; dovish tone from RBA Gov Lowe increases…
The Australian dollar remains in red on Thursday and pressures supports at 0.7800 zone (psychological support / rising 55SMA), in extension of strong fall on Wednesday.
Dovish tone from RBA governor's speech Lowe on Thursday, kept the…
Read More...
Read More...
USDJPY – recovery probes through 4-hr cloud top / 20SMA pivots
The pair moved higher in late Asian / early European trading on Thursday, boosted by rally in Nikkei index and pressuring key near-term barrier at 109.75 (4-hr cloud top) where upside attempts were repeatedly rejected in previous sessions.…
Read More...
Read More...
EURUSD – bears may extend further on break of 1.2226 pivot
The Euro remains in red on Thursday after strong fall the previous day, which generated bearish signal on close below 1.2300 pivot and further dented broader bulls.
Fresh extension lower pressures strong support at 1.2226 (daily Kijun-sen…
Read More...
Read More...
GBPUSD – BoE in focus; hawkish stance could inflate pound for retest of 1.40 while softer tone…
Cable was slightly higher during Asian trading on Thursday, but gains were so far unable to clearly break above 1.3900 barrier (broken 50% of 1.3457/1.4344 / daily Kijun-sen).
Wednesday close in red and below 1.39 handle was negative…
Read More...
Read More...