The pair dipped to the session low in early US trading on Friday, following the latest comment from President trump, who said that tariffs story was completely wrong, without providing further explanations. China’s officials are expected give news briefing on trade negotiations with US later today. Conflicting news about trade conflict kept the…

The Euro surged to four-month high in Asia on Friday, underpinned by strong rally of British pound, but EURGBP losses tempered gains. Fresh advance surged through important barriers (200DMA / former highs) but faced strong headwinds from 1.1200 resistance zone (psychological / Fibo 61.8% of 1.1412/1.0878) and stays below for now. Bullish daily…

Cable eases below initial support at 1.3400 in early European trading, after skyrocketing to new 1 ½ year high at 1.3514 overnight, on announcement of Conservative Party election victory. Corrective action was sparked by profit-taking after rally of more than three big figures in Asia on Friday, which extended four months uptrend on expectations…

The Euro jumped to new five-week high (1.1154) on remarks from new ECB president Christine Lagarde, on press conference following central bank’s decision to keep policy unchanged. Lagarde said that inflation pressures remain muted but expects to pick up in coming months. She also said that accommodative policy is still needed but pointed to…

Spot gold is consolidating after 0.75% advance on Wednesday, which generated bullish signal on break and close above pivotal Fibo barrier at $1472 (Fibo 38.2% of $1515/$1445 fall). Gold was strongly boosted by Fed’s decision to keep interest rates unchanged on the last meeting in 2019 and more by signals that the central bank might keep the policy…

Cable ticked to new nine-month high at 1.3228 in Asia on Thursday in extension of post-Fed rally but eased back to 1.3200 zone in early European trading. The pair remains biased higher on positive sentiment over UK election as Conservative Party is expected to win majority. The pound will be the first to react on election results and two…

The Euro maintains positive tone in early Thursday’s trading and probes again through cracked Fibo barrier at 1.1132 (76.4% of 1.1179/1.0981) after Wednesday’s post-Fed advance spiked to 1.1144 but failed to close above. German inflation data came in line with expectations in November, making no impact to Euro’s performance. Dovish stance from…

Britain’s electorate will go to the polls on Thursday the 12th of December 2019, with expectations that the results of the general election will pave the way towards the end of 3 ½ year-long Brexit story. UK Prime Minister Boris Johnson promised that he would complete the divorce process even before the 31st of January 2020 deadline if he wins…