Daily Pivots: (S1) 1.6404; (P) 1.6460; (R1) 1.6506; More.. EUR/AUD recovered after dipping to 1.6412 briefly and intraday bias stays neutral. On the downside, break of 1.6412 and sustained trading below 1.6439 support will argue Read more…
Daily Pivots: (S1) 0.9738; (P) 0.9794; (R1) 0.9825; More… EUR/CHF retreated notably after edging higher to 0.9847 and intraday bias is turned neutral. On the upside, above 0.9847 will resume the rally from 0.9252 to Read more…
Key insights from the week that was. Beginning in Australia, the RBA March Minutes revealed important developments in the considerations for, and operational framework around, monetary policy. On the former, it appears the RBA Board Read more…
AUD/USD is correcting gains from the 0.6620 zone. NZD/USD is also moving lower and might attempt a fresh increase from 0.6000. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started Read more…
Markets Wednesday’s failed test to sustainably pierce through technical resistance levels (YTD highs) across the US yield curve met with some rebound action during US trading hours yesterday. Upwardly revised EMU PMI’s (composite >50 for Read more…
Risk appetite got a hit yesterday as an army of Federal Reserve (Fed) speakers sounded cautious about the timing of the first rate cut and as the barrel of Brent spiked past the $90pb level Read more…
In focus today In the US, today’s main event will be the March Jobs Report. We expect non-farm payrolls growth to slow down to 180k and see average hourly earnings growth at +0.2% m/m SA. Read more…
Daily Pivots: (S1) 1.3495; (P) 1.3527; (R1) 1.3576; More… Intraday bias in USD/CAD remains neutral for the moment as range trading continues. On the upside, decisive break of 1.3612 resistance will resume whole rise from Read more…
Daily Pivots: (S1) 0.6558; (P) 0.6589; (R1) 0.6618; More…. AUD/USD retreated higher hitting 0.6618 and intraday bias is turned neutral first. Rise from 0.6480 is seen as the third leg of the corrective pattern from Read more…
Daily Pivots: (S1) 1.0821; (P) 1.0849; (R1) 1.0866; More… Intraday bias in EUR/USD is turned neutral with current retreat. Rise from 1.0723 is seen as the third leg of the corrective pattern from 1.0694. Above Read more…