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Gbp/usd: falling 10dma continues to cap recovery attempts

Cable started to lose traction in early European trading on Thursday, after Wednesday’s recovery, supported by better than expected UK services PMI ...

October 5, 2023, 10:47 am

Gbp/usd: two-day recovery faces headwinds from falling 10dma

Profit-taking on dollar longs at the end of Q3 lifts sterling for the second day, pushing the price to one-week high. Slightly stronger UK economic gr...

September 29, 2023, 2:08 pm

Gbp/usd outlook: cable hits 10-month low after boe’s decision to keep rates unchanged

Limited corrective upticks should stay below falling 10dma (1.2414) which formed a death-cross with 200...

September 21, 2023, 4:14 pm

Dollar index: bulls return to play after shallow correction; all eyes on us inflation data

The dollar index gained traction on Wednesday, signaling that a shallow correction from new multi-month high at 105.10 (Sep 7) might be over. Larger b...

September 13, 2023, 10:14 am

Usd/jpy outlook: likely to extend sideways mode, awaiting fresh signals from us inflation report

USDJPY is holding in a sideways mode under new 2023 top for the third consecutive day but remains on track for bullish weekly close. Today’s short-l...

September 8, 2023, 3:14 pm

Usd/jpy outlook: larger bulls started to lose traction, deeper drop to sideline intervention risk

Weekly close below 146.10 pivot would generate initial signal top and keep the downside vulnerable, with return below 145 level (reinforced by rising ...

August 18, 2023, 10:44 am

Aud/usd outlook: larger bears may take a breather as daily studies are oversold

Daily studies are firmly bearish and along with negative fundamentals, point to mild correction before larger bears resume. Falling ...

August 16, 2023, 10:59 am

Usd/jpy: recovery regains traction but needs break through key barriers to signal continuation

USDJPY accelerated higher on Wednesday and dented psychological 140 barrier (reinforced by falling 10dma...

July 19, 2023, 1:52 pm

Gbp/usd: cable eases from new 2023 top, uk cpi data eyed for fresh signals

Pullback from new 2023 high (1.3141), where last week’s strong bullish acceleration was repeatedly rejected, extends into the second straight day. S...

July 17, 2023, 2:30 pm

Eur/usd outlook: bearish bias under daily cloud top/10dma

EURUSD is consolidating within a narrow range in early Monday trading, following 0.85% drop last Thu/Fri, on pullback from new multi-week high at 1.10...

June 26, 2023, 9:14 am

Gbp/usd outlook: growing recession fears fuel downside risk

Fresh extension lower broke through pivotal support at 1.2720 (Fibo 23.6% of 1.2307/1.2848, reinforced by rising ...

June 23, 2023, 11:14 am

Gbp/usd: bullish near-term bias above 10dma

Cable regained traction on improved risk sentiment and probes above 1.20 after recent pullback from a multi-month high (1.2153) found footstep at 1.19...

November 29, 2022, 2:33 pm

Xau/usd: dovish fed and safe-haven buying underpin gold price

Gold price edges lower in European trading on Friday, after the action repeatedly failed at 10dma ($175...

November 25, 2022, 12:21 pm

Xau/usd outlook: dovish fed and safe-haven buying underpin gold price

Gold price edges lower in European trading on Friday, after the action repeatedly failed at 10dma ($175...

November 25, 2022, 11:44 am

Aud/usd: daily cloud top provides headwinds to fresh recovery

The Australian dollar edges higher vs its US counterpart on Tuesday, after daily Tenkan-sen (0.6591) provided firm ground for a four-day pullback from...

November 22, 2022, 2:52 pm

Eurusd: bull-trap and risk aversion boost fresh bears

The Euro holds in red for the third straight day, deflated by fresh risk aversion, with early Monday’s acceleration lower, pushing the price to the ...

November 21, 2022, 9:45 am


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