US 30 Index Bulls Retake Control After Sharp Sell-Off
The US 30 index has plummeted considerably over the last couple of days, recording an almost three-month low of 24916. The sharp sell-off drove the index near the ascending trend line, however, the price turned higher after challenging the 200-day...
USDJPY MACD Signals Further Downside
The US dollar continues to trade to the downside against the Japanese yen as heightened risk-off trading sentiment supports a flight into the safety of the Japanese yen currency. The MACD indicator on the daily time frame is trending lower,...
GBPUSD Lower Over Bearish Brexit News
The British pound has fallen towards the 1.3200 support level against the US dollar, as bearish Brexit headlines surfaced surrounding the Customs Union during the European trading session. A clear technical break below the 1.3180 level exposes further intraday losses...
GBPUSD Outlook: Pound Eases On Profit-Taking/Brexit News
Cable dipped to session low at 1.3206, trimming some gains, as traders booked profits after three-day rally. Also, comments from PM May about customs union which is a big issue in divorce talks, weighed, as pound last sharp fall on...
Crude Sell-Off Pauses But Outlook Is Bleak
After a sharp-two day decline, crude oil prices were firmer first thing Friday morning. This coincided with equity indices which were likewise firmer after a vicious two-day sell-off. Thus, one reason behind oil’s rebound was the slight reduction in risk...
Sugar 11 Outlook: Bulls Pressure Falling Weekly Cloud As Positive Fundamentals Continue To Underpin
Sugar price probes again above psychological $13.00 barrier on Friday (following short-lived spike to $13.11 on 10Oct) signaling continuation of strong three-week uptrend. Fresh strength emerges after consolidation in past two days and pressures key barriers at $13.09/38 (base of...
FTSE100 Index Has Extreme Reading, A Buy Opportunity?
There is one clear signal when you look at the FTSE 100 4-hour chart. The price is way oversold and a rebound trade or at least the price consolidation is strongly on the cards. The reason behind this argument is...
Brent Oil Outlook: Bears Are Taking A Breather, Downside Remains Vulnerable While 20SMA Caps Recovery
Brent price moved higher on Friday after strong fall in past two days, when the contract registered losses of 5.4%, on strong fall in equity markets, as well as fading supply concerns. Stronger than expected rise in US crude stocks...
GOLD Bull Pressure Eyes Range Top At 1,211.28 Zone
GOLD bull pressure eyes range top located at the 1,214.28 area. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the...
USDTRY Outlook: Lira Enjoys Support from Weaker Dollar But Politics are Likely to be the Main Driver Again
Turkish lira maintains positive stance against US dollar in past couple of session and managed to retrace over 76.4% of 5.9053/6.2286 upleg on fresh extension lower on Thursday to one-week high at 5.9485. Weaker dollar on Wednesday’s US stocks meltdown...
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