Daily Pivots: (S1) 1.4928; (P) 1.5021; (R1) 1.5113; More… Break of 1.5059 minor support argues that EUR/AUD has formed at top at 1.5396, after failing to sustain above 1.5354 support turned resistance. Intraday bias is back on the downside for 1.4759 support first. Sustained break there will pave the way back to retest 1.4318 low. […]
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Eurozone retail sales volume dropped by -0.3% mom in January, missing expectations of a modest 0.1% mom increase. The decline was driven by weaker demand for non-food products, which fell -0.7% mom, while sales of Read more…
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An aggressive fiscal spending proposal by Germany has attracted bullish animal spirits into EUR/USD. A significant rally in the longer-end German Bund yields is likely to alter ECB monetary policy guidance towards a “less dovish Read more…