WTI Oil Outlook: Oil Prices Stand At The Back Foot Ahead Of Crude Inventories Reports
WTI oil was lower on Tuesday after recovery attempts previous day stalled and daily action ended in long-legged Doji, signaling strong indecision. The prices came under pressure on report that production of US shale oil hit record high and on...
EURUSD Outlook: Downbeat ZEW Data Softened Near-Term Tone
The Euro eased and probed through daily cloud top (1.1570) after disappointing ZEW data. German economic sentiment weakened on fall well below expectations as Oct release at -24.7 (the lowest since July) strongly undershot forecast at -12.3. Economic outlook for...
Turkish Lira Advances Further on Weaker Dollar / Hopes of Improving Relation with US
The USDTRY pair fell further on Monday and probes below one of key supports at 5.8097 (base of thick daily cloud). Turkish lira was boosted after court released US pastor, who was imprisoned for two years, in case that worsened...
GBPUSD Outlook: Sterling Stands at the Front Foot ahead of PM May’s Statement on Brexit to the Parliament
Cable holds near session high at 1.3181 in early hours of US trading and awaiting PM May’s statement to UK parliament on Brexit, scheduled at 14:30GMT. Sterling opened with gap-lower on Monday after Brexit talks over the weekend stalled, as...
Gold Advances To Almost 3-Month Peak, Exits Trading Range
Gold reached a fresh near three-month high of 1230.33 today, continuing the aggressive bullish rally that started in the preceding week. The price successfully surpassed the narrow 1180.60 – 1212.50 range that had been holding since August 20, suggesting further...
AUDUSD Outlook: Fresh Recovery Looks For Break Through Fibo Barrier At 0.7145
The Aussie dollar holds positive tone on Monday and accelerated higher in European trading, on positive signals from China and weaker greenback. Fresh rally pressures pivotal barrier at 0.7145 (Fibo 38.2% of 0.7314/0.7041 bear-leg), break of which would generate bullish...
Week Ahead – FOMC Minutes, EU Brexit Summit & Trade War
U.S. yields have stabilized after the sell-off and this will be a key focus for next week The Sell-Off in equities continued with very high volumes and VIX index climbed to the highest level since February. However, U.S. yields have...
USDJPY and Nikkei225 Both Looking Bearish – Elliott wave Analysis
The stock market remains under pressure at the start of the US cash market, so USDJPY cannot break above 112.50 resistance. Therefore, I am looking for a triangle pattern which may cause another leg down soon into wave 5 of...
USDTRY Outlook: Lira Falls after Turkey Court Decision But Keeps Bullish Bias
Turkish lira fell around 1.5% against dollar after news that Turkey’s court released US pastor from prison. This scenario was widely expected, and market reaction was on ‘buy rumor – sell fact’ mode as lira rose to the highest since...
EURUSD Outlook: Fresh Risk Appetite Pushes Euro Back into Daily Cloud
The Euro enters American session in negative mode and returned into daily cloud after failing to hold gains above daily cloud top / 55SMA (1.1574/90) and stalled on approach to converged 20/30SMA’s at 1.1615, as trong EU industrial production and...
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