Thursday 2nd April: US Dollar Index Struggles to Overthrow Daily Resistance at 99.62
The US dollar index is on track to net a solid start to Q2, though is currently trading off best levels ahead of 100.00 in wake of the final Markit manufacturing PMI for March and ISM surveys.
Wednesday 1st April: Greenback Running Out of Steam Ahead of 100.00
The US dollar index failed to glean much impetus from better-than-expected Chicago PMI or US consumer confidence (dropped to 120 in March from 132.6 in February despite stronger-than-expected reading) measures Tuesday, after topping a shade under the 100.00 handle.
Tuesday 31st March: Technical Outlook and Review
Key risk events today: China Manufacturing PMI; China Non-Manufacturing PMI; UK […]
Monday 30th March: Weekly Technical Outlook and Review
Major US benchmarks slumped Friday, snapping a three-day bullish phase as investors’ focus remains on the economic fallout from the coronavirus pandemic. The Dow Jones Industrial Average declined 915.39 points, or 4.06%; the S&P 500 also erased 88.60 points, or 3.3%, and the tech-heavy Nasdaq 100 concluded lower by 308.75 points, or 3.91%.
Friday 27th March: Technical Outlook and Review.
Key risk events today: Limited. (Previous analysis as well as outside […]
Thursday 26th March: Pound Trades from Heavyweight Resistance Ahead of BoE
Key risk events today: UK Retail Sales m/m; BoE Official Bank […]
Wednesday 25th March: DXY Continues to Retreat; Eyes 101.00
Key risk events today: German Final IFO Business Climate; UK Inflation; […]
Tuesday 24th March: Technical Outlook and Review
Key risk events today: Eurozone, UK and US Manufacturing and Services […]
Monday 23rd March: Weekly Technical Outlook and Review
Downside risks continue to build long term in EUR/USD, absorbing bids from the 2016 yearly opening level at 1.0873 and channel support, taken from the low 1.1215.
