The dollar took a breather this week after a massive sell-off earlier in the week. The DXY bottomed out at 103, the low it hit before Trump’s election victory. However, by the end of the week, it had rallied back to 104. The accumulated oversold condition gives room for a bounce, but there’s also a […]
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A set of Chinese data released earlier today looked better-than-expected; the fixed asset investment unexpectedly accelerated in February, growth in industrial production slowed less than expected – a slowdown due to the Chinese new year Read more…
In focus this week The main spotlight of the week will be on news regarding the negotiations of the German fiscal package. The package is scheduled to be passed in the Bundestag on Tuesday and Read more…
Daily Pivots: (S1) 0.8378; (P) 0.8403; (R1) 0.8435; More… Intraday bias in EUR/GBP remains neutral for the moment, and more consolidations could be seen. Further rally is expected as long as 0.8358 minor support holds. Read more…