EURUSD – bearish n/t bias while the price stays within daily cloud
The Euro bounced to1.1800 zone after hitting new low at 1.1764 in Friday's Asian session trading.
Bearish close on Thursday left long red candle with long upper shadow which weighs on near-term action.
Euro's near-term sentiment remains…
Read More...
Read More...
EURUSD – post-Fed bulls lost traction after upbeat US data; near-term focus turns lower
The Euro was sharply lower in the US session as the greenback received fresh boost from upbeat US retail sales which rose by 0.8% in November, strongly beating forecast for 0.3% increase.
US weekly jobless claims also surprised by falling…
Read More...
Read More...
WTI OIL remains in red despite another draw in crude stocks
Oil price stands in red for the third straight day on Thursday and posted new low at $56.45, where Fibo 76.4% of $55.81/$58.54 upleg was met.
Oil remained under pressure despite EIA report showed stronger than expected draw in US crude…
Read More...
Read More...
SPOT GOLD – post-Fed rally struggles at falling 10SMA
Spot Gold rallied on Wednesday on weaker dollar but was so far unable sustain extension on Thursday, after upside attempts were capped by falling 10SMA at $1259 which marks one-week high.
Positive fundamentals are supportive for the yellow…
Read More...
Read More...
USDJPY – bears eye targets at 112.30/111.95; limited correction to precede
The pair stands deeply in daily cloud on Thursday and consolidating after previous day's strong fall (the biggest one-day loss since 22 Nov).
Bears found footstep at 112.46 where daily Kijun-sen contained Wednesday's post-Fed acceleration,…
Read More...
Read More...
AUDUSD extends post-Fed rally after upbeat Australian jobs data
The Aussie dollar extended strong recovery rally from 0.7500 base into fourth straight day on Thursday and broke above key near-term barrier at 0.7653 (05 Dec high).
Fresh bullish extension was triggered by better than expected Australian…
Read More...
Read More...
GBPUSD extends post-Fed rally; eyes retail sales / BOE
Cable remains firm on Thursday and extends strong post-Fed rally, breaking above 10SMA (1.3416) which capped Wednesday's rally and generating bullish signal.
Fresh bullish acceleration pressures barrier at 1.3455 (Fibo 61.8% of…
Read More...
Read More...
EURUSD probes above daily cloud in extension of post-Fed rally; ECB in focus today
The Euro probes above daily cloud top (1.1823) in early Thursday's trading, in attempts to extend previous day's strong rally (the biggest one-day gains since Nov 24) after Fed disappointed investors.
The US central bank increased interest…
Read More...
Read More...
USDJPY falls deeper in the cloud on soft US CPI data; FOMC verdict eyed
The pair accelerated lower sharply as the dollar was sold across the board after weak US data.
Headline CPI came along with expectations at 2.2% while core CPI missed expectations (m/m 0.1% in Nov vs 0.2% f/c / previous month and y/y 1.7%…
Read More...
Read More...
SPOT GOLD holds in extended consolidation but bearish bias remains intact; FOMC rate decision in…
Spot Gold is pressuring $1240 support which held stabilization in past two sessions, signaling fresh extension of the downleg from $1299 (27 Nov high).
Overall bearish structure and strong expectations that Fed will hike rates today keeps…
Read More...
Read More...