Category: Featured

Key risk events today: Eurozone Flash Manufacturing/Services PMIs; UK Flash Manufacturing/Services PMIs; US Unemployment Claims; US Flash Manufacturing/Services PMIs. EUR/USD: The US dollar index retained its underlying bid Wednesday, establishing a reasonably firm position north of 100.00. EUR/USD found thin air south of 1.09 into US hours and retreated sub 1.0850, with (technical) eyes likely … Continue reading Thursday 23rd April: Dollar Higher Ahead of US Unemployment Data

Key risk events today: UK Inflation; Canada Inflation. (Previous analysis as well as outside sources – italics). EUR/USD: The US dollar index, or ‘DXY’, explored ground north of 100.00 Tuesday, though EUR/USD concluded pretty much unchanged for a second successive session. On the data front, the ZEW Indicator of Economic Sentiment for Germany rose by … Continue reading Wednesday 22nd April: The US Dollar Index Crosses 100.00 Signalling $ Strength

Key risk events today: RBA Monetary Policy Meeting Minutes; RBA Gov Lowe Speaks; UK Employment Data; German ZEW Economic Sentiment. (Previous analysis as well as outside sources – italics). EUR/USD: It’s been a slow start to the week for EUR/USD, concluding the London session pretty much unchanged. Ranging no more than 55 points on the … Continue reading Tuesday 21st April: Technical Outlook and Review

Price action, based on the weekly chart, remains linked with its 2016 yearly opening level at 1.0873. Skies above are reasonably blue; a run to the 2020 yearly opening level at 1.1222, shadowed by a Quasimodo resistance at 1.1239 is not out of the question.

Key risk events today: China GDP y/y; China Fixed Asset Investment ytd/y; China Industrial Production y/y. (Previous analysis as well as outside sources – italics). EUR/USD: Painful US data by way of unemployment claims (albeit outdid consensus) and another worrying regional Fed survey did little to hamper dollar gains Thursday. The US dollar index powered … Continue reading Friday 17th April: Technical Outlook and Review.