Windsor News & Research Blog - Forex Market Analysis & Trading Insights

Copper rose on Thursday and hit session high at $3.0915, boosted by better than expected Chinese data (Manufacturing PMI 51.8 in Nov vs 51.4 f/c). Doji reversal pattern is forming on daily chart after Wednesday action ended in long-legged…
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The pair extends steep ascend from 1.2670 base and pressures key barrier at 1.2916 (27 Oct recovery peak, the highest since mid-July). Strong recovery extended after double-bottom was formed (1.2665/70) and showing scope for eventual break…
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Spot Gold remains in red on Thursday and hit one-week low at $1279, extending strong fall on Wednesday after data showed the US economy has regained traction. US Gross Domestic Product rose by 3.3% in Q3, showing economy expanding in the…
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WTI oil is holding within tight range on Thursday and awaiting the outcome of today’s OPEC meeting, which is the key event for oil this week. Oil price was in red for three days on corrective pullback from fresh high at $59.02, which found…
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The Aussie remains in red for the fifth consecutive day and trend lower, with bear-trendline off 0.8102 (20 Sep high) continuing to cap and maintain bearish pressure. Limited overnight’s corrective action was capped by broken daily…
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The dollar extends strong recovery against yen, rallying for the third straight day and broke above pivotal barrier at 112.32 (Fibo 38.2% of 114.73/110.83 downleg). Bulls eye strong barriers at 112.69 (converged 20/55SMA’a, attempting to…
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Cable extends strong bullish acceleration on Brexit optimism and probes above weekly cloud top (1.3473), eyeing psychological 1.3500 barrier. Bullish signal was generated after today’s rally made firm break above important 1.3415 resistance…
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The Euro is regaining traction with fresh upside pressuring pivotal barriers at 1.1872/77 (Fibo 38.2% of 1.1961/1.1817 downleg / daily cloud top) after pullback from 1.1961 peak was contained by cloud base. Reversal pattern is forming on…
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Spot Gold dipped below daily cloud after Fed Yellen's remarks inflated dollar, which received further support on better than expected US q3 GDP numbers (3.3% vs 3.2% f/c). Fresh bearish acceleration and extension through cloud base weakened…
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The dollar rose across the board on optimistic remarks from Fed chair Yellen, ahead of her testimony to Congress later today. Yellen said that strengthening of the US economy will warrant continues interest rate increases and weak inflation…
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