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.
Key risk events today: Australia Job’s Data; BoE Credit Conditions Survey; Canada Manufacturing Sales m/m; US Unemployment Claims; US Building Permits; Philly Fed Manufacturing Index. (Previous analysis as well as outside sources – italics). EUR/USD: Wednesday had the US dollar index recover in strong fashion, albeit off best levels south of 100.00. As of writing, … Continue reading Thursday 16th April: All Eyes on US Unemployment Claims
Key risk events today: US Core Retail Sales m/m and Retail Sales m/m; BoC Monetary Policy Report, Rate Statement, Overnight Rate and Press Conference. (Previous analysis as well as outside sources – italics). EUR/USD: After knocking on 1.09’s door Monday by way of a H4 hammer candlestick pattern, EUR/USD bulls entered an offensive phase Tuesday, … Continue reading Wednesday 15th April: Technical Outlook and Review.
