With prices falling whilst futures traders increase their bullish exposure to the Australian dollar, we’re keen to see if it can hold above 0.73 and form a countertrend bounce. Whilst there had been some excitement Read more…
Market movers today Today, the IMF releases its latest take on the global economy also known as the World Economic Outlook. We are looking forward to reading the IMF’s assessment of the impact of the Read more…
Week started quietly on Monday, as many European markets were closed for the Easter holiday. Trading volumes were slim, and the US indices swung between slim gains and losses following a bearish session on Friday Read more…
The Dax 40 retreats as risk appetite remains subdued across equity markets. The index is still under pressure after it struggled to hold above the psychological level of 14000. The current pennant may turn out Read more…
The Australian dollar remains under pressure after dovish RBA minutes. A fall below the demand zone between 0.7380 and 0.7400, which sits on the 30-day moving average, has put the bulls further on the defensive. Read more…
The US dollar continues upward as markets wager a 50 bp Fed hike next month. The pound’s latest rally came to a halt in the supply zone around 1.3150 which coincides with the 30-day moving Read more…
Daily Pivots: (S1) 1.0760; (P) 1.0791 (R1) 1.0812; More… EUR/USD’s decline resumed after brief recovery and intraday bias is back on the downside. Firm break of 61.8% projection of 1.1494 to 1.0805 from 1.1184 at Read more…
Daily Pivots: (S1) 1.2989; (P) 1.3027; (R1) 1.3049; More… Intraday bias in GBP/USD remains neutral and further decline is expected with 1.3165 resistance intact. On the downside, break of will resume larger down trend from Read more…
Daily Pivots: (S1) 0.9425; (P) 0.9440; (R1) 0.9460; More…. Intraday bias in USD/CHF remains on the upside and breach of 0.9459 resistance suggests resumption of whole rise form 0.9149. Further rise should be seen to Read more…
Daily Pivots: (S1) 126.50; (P) 126.75; (R1) 127.25; More… USD/JPY’s up trend resumed after brief retreat and intraday bias is back on the upside. Current rally should target 130.04 long term projection level next. On Read more…