The Australian dollar dipped below 0.7800 handle on Wednesday after weaker than expected China bank loans data, with increased pressure coming from falling Asian equities. Fresh weakness signals an extension of pullback from 0.7890 (May 10 high), where larger bulls stalled. Bullish daily studies (rising positive momentum / MA’s in bullish setup)…

Cable ticked higher after better than expected UK March GDP (2.1% vs 1.3% f/c) but remains within Tuesday’s range, signaling that strong rally of past three days is paused. Signals are mixed as positive momentum on daily chart is rising and moving averages in bullish setup are heading north, with Monday’s massive bullish candle underpinning the…

Spot gold is consolidating under three-month high ($1845) taking a breather after last week’s 3.5% advance (the biggest one-week rally since late July 2020). Weaker dollar after downbeat US jobs data keeps the metal’s price underpinned. Weekly close above psychological $1800 barrier generated fresh bullish signal, which was boosted by repeated…

The Euro regained traction after brief pullback on Monday and rose new marginally higher multi-week high on Tuesday, inflated by upbeat German data. Monday’s close in red with minor negative reaction seen from bearish signal from red daily candle with long upper shadow. Bulls continue to focus Fibo target at 1.2197 (76.4% of 1.2349/1.1704),…

Cable is maintaining positive tone and consolidating under new 2 ½ month high (1.4158) following Monday’s 0.80% advance, sparked by talks about Scottish independence referendum story and weaker dollar after disappointing US jobs data. Expectations of the next phase of England’s lockdown easing which starts next week, further improves pound’s…

Bears dented psychological 90 support on Monday but faced headwinds here that resulted in bullish close after strong bearish acceleration on Thu/Fri. Disappointing US jobs data further eroded hopes for potential Fed’s policy review earlier than expected, with focus on Wednesday’s release of the US inflation report for April. The US central bank…

WTI oil fell over $1 in early US trading on Monday, offsetting positive signal from today’s gap-higher opening, caused by a cyberattack that forced the shutdown of major fuel pipelines in the United States. Fresh demand concerns over rising coronavirus cases in Asia, weakened the sentiment and pushed oil prices lower, sidelining hopes for stronger…

The cross was sharply lower on Monday, losing 0.85% since Asian opening until early hours of American session. Sterling accelerated further, after being initially lifted by weaker dollar on downbeat US jobs data, with the latest signals that probability of Scottish independence referendum before 2025, decreased further, additionally boosting…