EURUSD – fresh bulls approach key barriers in 1.2100 zone; US data in focus
The Euro remains well supported on Friday and extends gains from the previous day when it rallied on hawkish ECB. At the same time the dollar came under pressure on downbeat US jobless claims data.
Bulls approach key barriers at 1.2100 zone…
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USDCAD – recovery rally risks stall on repeated rejections at daily cloud base barrier
Canadian dollar pulls back from its lowest levels in 2018 at 1.2583/90, posted on Wed / today, after concerns that US will pull out of NAFTA agreement, send loonie sharply down.
USDCAD recovery rally from 1.2355 (05 Jan low) faces strong…
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EURGBP – fresh acceleration on hawkish ECB tested 100SMA barrier
The cross rallied to one-week high at 0.8912 after hawkish ECB minutes sparked fresh bullish acceleration.
Rally dented target at $0.8910 (falling 100SMA) which guards pivotal barriers at 0.8924 (Fibo 38.2% of 0.9306/0.8689 descend / the…
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EURUSD rallies above 1.2000 on hawkish ECB minutes
The Euro surged above 1.2000 barrier (psychological resistance / 10SMA) on strong bullish acceleration, driven by hawkish minutes of ECB's Dec meeting.
The European central bank said it will revisit its policy message in early 2018,…
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COPPER – recovery attempts face strong headwinds from 10SMA barrier
Copper extends recovery from two-week low at $3.2115 on Thursday, as softer dollar and positive fundamentals support the metal's price.
Recovery action today stays capped by the base of 4-hr cloud which is narrowing and twists tomorrow at…
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WTI Oil cracks $64 barrier, underpinned by shrinking US stockpiles
WTI oil continues to trend higher and probed above $64 per barrel for the first time since December 2014.
Strong bullish sentiment over declining US stockpiles (the latest report on Wednesday showed draw of 4.94 million barrels vs…
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SPOT GOLD – near-term bias remains bullish despite strong upside rejection
Spot Gold remains constructive on Thursday but holding under new four-month high at $1327, posted on Wednesday.
The yellow metal pared gains as dollar managed to regain ground after being hit by news from China regarding reduction or halt…
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USDJPY – limited consolidation after sharp fall; key barrier at 112.00 expected to cap upticks
The pair bounces on Thursday after suffering heavy losses in past two days with strong bearish acceleration on Wednesday on China's US treasuries purchase story.
Wednesday fall was the biggest one-day fall since Nov 22 and hit 1 ½ month low…
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GBPUSD – may fall further as greenback regains traction; key support at 1.3457/54
Cable remains in red on Thursday and extends weakness off 1.3585 lower top into fourth straight day and hits the lowest level in 2018 at 1.3473, where fresh weakness found footstep, provided by base of thick 4-hr cloud.
Fresh weakness…
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EURUSD – underlying bulls may pause further for extended consolidation; 1.1900 expected to…
The Euro attempts to stabilize above correction low at 1.1915, posted on Tuesday. Support is reinforced by rising 20SMA and lies just above another significant support at 1.1903 (daily Kijun-sen / 50% retracement of 1.1717/1.2088 upleg).…
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