Key risk events today: US ISM Manufacturing PMI. (Previous analysis as well as outside sources – italics). EUR/USD: Despite a knee-jerk reaction to lows at 1.0833, after the ECB fell on the dovish side of the fence, EUR/USD swiftly reclaimed 1.09+ status, tackling H4 Quasimodo resistance at 1.0967 into the closing stages of Thursday’s session. … Continue reading Friday 1st May: Technical Outlook and Review
Key risk events today: China Manufacturing PMI and Non-Manufacturing PMI; New Zealand ANZ Business Confidence; French Flash GDP q/q; German Retail Sales m/m; Spanish Flash GDP q/q; EUR Prelim Flash GDP q/q; ECB Main Refinancing Rate, Monetary Policy Statement and Press Conference; Canada GDP m/m; US Unemployment Claims; US Personal Spending m/m; Chicago PMI. (Previous … Continue reading Thursday 30th April: Technical Outlook and Review
Dear Trader,
Please find our updated Trading schedule for Buddha’s Birthday Holiday on 30th April 2020, and Labour day Holiday on 1st May 2020.
After a dominant showing off 1.2647 the week prior, shaped as a shooting star candlestick pattern, last week’s movement slipped to lows at 1.2247, led by an overall stronger dollar. GBP/USD now has eyes for support at 1.2200.
Key risk events today: UK Retail Sales m/m; German IFO Business Climate; US Core Durable Goods Orders m/m and Durable Goods Orders m/m. (Previous analysis as well as outside sources – italics). EUR/USD: In recent hours, EUR/USD gave up its 1.08 handle, breaching the 1.0768 April 6 low. Sour Eurozone Flash Manufacturing/Services PMIs, along with … Continue reading Friday 24th April: Technical Outlook and Review
