The Australian dollar hit one-month high at 0.6842 on Friday, in extension of Thursday’s 1% rally, with fresh advance being sparked by more hawkish than expected remarks from RBA’s governor Lowe. Lowe said that implementation of negative interest rates in order to meet Australia’s inflation and growth targets is very unlikely. He added…

The Euro remains well supported and consolidating above daily cloud after Thursday’s break above the cloud (the first in three months) generated bullish signal. Bulls consolidate within narrow range and prepare for push through 100DMA (1.1137) which capped larger advance on Thursday. Sentiment remains positive and the action underpinned by strong…

Cable is consolidating under new high at 1.2989, posted after Brexit deal announcement on Thursday. The pair advanced 5.6% in last six days and remains in strong near-term uptrend, but may enter corrective phase before attempting through psychological 1.30 barrier as weekly studies are bullish and weekly cloud twist attracts. Also, Thursday’s…

The Euro puled back after probing above daily cloud top (1.1123) in strong advance that was driven by Brexit deal announcement and pound’s reaction on news. Near-term action is holding in consolidation range, after bulls were capped by 100DMA (1.1137), but maintains bullish bias. End of Brexit story, regardless to the final result, is likely to…

Cable spiked to new over five-month high, just ticks ahead of psychological 1.30 barrier (also weekly cloud base) on news that the EU and UK negotiators reached a deal. Fresh optimism on orderly divorce inflated pound, but traders took their profits and pushed the price below 1.2900 handle. This signals that markets show strong hesitation at…

Cable fell in early European trading on Thursday after Northern Ireland’s DUP rejected to support Brexit deal as it stands that additionally complicated the situation, as EU summit starts today and two sides are still away from final agreement. Sterling remains highly volatile and react to any news from Brexit negotiations, but is still…

Cable was riding on a roller-coaster for a few minutes at the beginning of the US session, jumping up and down within 1.2730 / 1.2830 range, with action being sparked by report that DUP has agreed on main points that opened way for final steps towards Brexit deal. However, news proved to be false as the party leader dismissed the statement, but…

Spot gold edged higher in European trading on fresh uncertainty over Brexit talks and negative tones from US/China trade talks. The yellow metal hit session high at $1485 on bounce from Tuesday’s two-week low at $1477, posted after daily drop of 1.2%. Studies on daily chart remain bearishly aligned as momentum remains in the negative territory,…