HelenRush

HelenRush

After a brief spike to 1.12 on Friday and the subsequent partial correction, EURUSD started the new trading week on a positive note. However, the pair was rejected from local tops around 1.1150, where the 200-DMA lies and turned slightly negative on the day, with the immediate support now coming at 1.11. The trade-related euphoria turned out very short-lived,...

HelenRush

The GBPUSD pair jumped to the best levels since May 2018 marginally above the 1.35 handle on Friday. The rally has accelerated on the outcome of parliamentary election in the UK, where the UK PM Boris Johnson won a majority. After a knee-jerk reaction, cable retreated partially and has settled around 1.34, staying elevated. So, the UK managed to avoid a...

HelenRush

Brent crude briefly dipped to nearly one-week lows around $63 on Wednesday but managed to trim intraday losses substantially by the end of the day. Today, oil prices are back above the $64 key handle, however still struggle to challenge the 200-DMA which serves as the immediate resistance now. The EIA report showed that crude oil inventories increased by...

HelenRush

The greenback is on the offensive against major rivals on Wednesday despite the prevailing risk-on sentiment in the global financial markets amid some signs pointing to China tariff delay. Traders are fairly optimistic about the ongoing Federal Reserve policy meeting that concludes later today. The US central bank is widely expected to deliver a non-dovish...

HelenRush

After a dramatic plunge on Friday amid a broad-based dollar rally on upbeat US jobs data, gold prices have been making recovery attempts since the start of the week. The $1,480 area continues to serve as the key resistance area, standing on the way to the $1,500 figure. Safe-haven demand seems to be reemerging on Tuesday as investors still don’t see any...

HelenRush

EURUSD is making shallow recovery attempts on Monday, struggling to make decent gains after a sell-off witnessed amid unexpectedly strong economic data out of the United States on Friday. Payrolls surged 266,000 in November while unemployment rate declined from 3.6% to 3.5%, to the lowest level since 1969. More importantly, average hourly earnings rose by 3.1%,...

HelenRush

Gold prices struggled to challenge the 100-DMA earlier this week, which continues to serve as the key barrier on the way to the $1,500 psychological level. On Friday, the precious metal shows a bearish bias but stays positive in the weekly charts. Market sentiment has improved today, which caps the safe-haven gold demand amid investor optimism surrounding the...

HelenRush

The aussie turned into a corrective mode on Wednesday, after a rejection from three-week highs around 0.6860 yesterday. The recent two-day rally looks overdone, with profit-taking looking fairly attractive and reasonable at current levels, considering the prevailing risk-off sentiment in the global financial markets. Risk aversion intensified overnight after...

HelenRush

Crude oil prices struggle to shift into a recovery mode on Tuesday after a rejection from the $62 region at the start of the week. Brent has been flirting with the $61 handle, where the 100-DMA lies. The futures struggle for direction despite a modest bullish bias amid a heightened uncertainty on the trade front and ahead of the OPEC+ meeting due later this...

HelenRush

After a rally on Friday, gold prices are back under the selling pressure as risk sentiment has improved at the start of the trading week. Positive data out of China eased investor concerns over the state of the world’s second largest economy and fueled risk appetite across the board. China official manufacturing PMI came in at 50.2 in November up from 49.3 in...

HelenRush

In a muted Black Friday session, EURUSD remain stuck in a tight range, oscillating around the 1.10 key support since the start of the week. The liquidity is fairly low due to holidays in the United States, and many traders have already left the markets on Wednesday, suggesting the consolidation will continue until the end of the day. Despite the bearish bias...

HelenRush

The USDJPY soared to highest since May on Wednesday amid a broad-based rally in risky assets fueled by positive comments from the trade front. The greenback rallied to 109.60 but the bulls were stirred by the 100- and 200-SMAs in the weekly charts. Early on Thursday, the pair shifted into a correction mode as risk appetite wanes across the board. Still, the...

HelenRush

Crude oil prices shifted into a consolidation mode on Wednesday after a local rebound yesterday. Brent has settled above the $63 handle but has yet to confirm a breakout as the upside momentum looks unsustainable fragile. In the daily charts, the futures remain stuck between the 100- and 200-DMAs. Oil market remains sensitive to trade-related headlines, with...

HelenRush

Gold prices dipped to two-week lows on Tuesday after four days of losses. The bullion received support around the $1,451 level and bounced slightly, as investor optimism seems to be waning early in Europe. In the weekly charts, the picture remains bearish amid the lingering hopes for striking a so-called interim trade deal between the US and China. Also, some...

HelenRush

After two weeks of declines, USDJPY makes bullish attempts at the start of a new trading week. The pair is now back around the 200-DMA which continues to serve as the immediate resistance zone, coming around 109.00. Dollar demand picked up amid the renewed trade optimism after China said it will raise penalties on violations of intellectual property rights....

HelenRush

Brent crude extends gains for a third day in a row. Prices registered two-month highs around the $64 handle and tries not to lose the upside momentum after some consolidation during the Asian session on Friday. Now, the immediate hurdle for the market comes at the 200-DMA around $64.30. The rally was fueled by positive comments from China. The government...

HelenRush

Gold prices registered two-week highs above the $1,478 on Wednesday but failed to preserve gains and turned slightly negative on the day. The intraday volatility pickup in the market was due to mixed signals from the trade front which remains in market focus. On the positive side, Trump said that they continue the trade talks with China and Beijing wants to...

HelenRush

The EURUSD pair failed to break above the 100-DMA on several occasions and stays below this line since early-October. After four days of gains, the euro resumed the decline on Wednesday, though the downside pressure looks limited so far. Dollar demand picked up slightly as risk sentiment turned sour after Trump threatened once again to hike tariffs against...