EUR/AUD’s strong rebound from 1.6368 extended higher last week and the development argues that fall from 1.6742 has completed with three waves down to 1.6368. Initial bias stays on the upside this week for retesting 1.6742 next. On the downside, however, break of 1.6534 will turn bias back to the downside for retesting 1.6368 support […]
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Markets A dovish Powell – or the absence of a hawkish one – lifted core bonds for a second day straight. Treasuries outperformed thanks to an acceleration in early US dealings. A mixed bag of Read more…
In focus today Today we get the US April Jobs Report which will round off the interesting week it has been in markets. We expect non-farm payrolls growth to cool to +200k, as immigration-driven uptick Read more…
Daily Pivots: (S1) 1.0689; (P) 1.0710; (R1) 1.0745; More… Range trading continues in EUR/USD and intraday bias stays neutral. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above 55 Read more…