Thursday 7th May: Pound Slumps Ahead of BoE Rate Decision
Key risk events today: Australia Trade Balance; China Caixin Services PMI; […]
Wednesday 6th May: Dollar Trades Higher Ahead of ADP Employment
Key risk events today: EU Economic Forecasts; US ADP Non-Farm Employment […]
Tuesday 5th May: Technical Outlook and Review
Key risk events today: RBA Cash Rate and Rate Statement; German […]
Monday 4th May: Weekly Technical Outlook and Review
EUR/USD witnessed a resurgence of bidding last week, establishing a robust position north of the 2016 yearly opening level at 1.0873. Should the single currency remain on the winning side of the table going forward, the 2020 yearly opening level from 1.1222 could eventually put in an appearance, followed by Quasimodo resistance at 1.1239.
Friday 1st May: Technical Outlook and Review
Key risk events today: US ISM Manufacturing PMI. (Previous analysis as […]
Thursday 30th April: Technical Outlook and Review
Key risk events today: China Manufacturing PMI and Non-Manufacturing PMI; New […]
Wednesday 29th April: Dollar Explores Lower Ground Ahead of FOMC
Key risk events today: Australia Inflation q/q; US Advance GDP q/q […]
Tuesday 28th April: DXY Starts the Week Lower Consequently Retesting 100.00
The pair marched higher in early European hours, though failed to sustain gains north of 1.0860 heading into US trade, resulting in price retreating to a H4 channel resistance-turned support, taken from the high 1.0990, sited just ahead of 1.08.
Monday 27th April: Weekly Technical Outlook and Review
After a dominant showing off 1.2647 the week prior, shaped as a shooting star candlestick pattern, last week’s movement slipped to lows at 1.2247, led by an overall stronger dollar. GBP/USD now has eyes for support at 1.2200.
