Thursday 14th May: Technical Outlook and Review
Key risk events today: Australia Job’s Data; New Zealand Annual Budget […]
Wednesday 13th May: Technical Outlook and Review
Key risk events today: Australia Wage Price Index q/q; RBNZ Official […]
Tuesday 12th May: Technical Outlook and Review
Key risk events today: Australia NAB Business Confidence; US CPI m/m […]
Monday 11th May: Weekly Technical Outlook and Review
Overall, though, EUR/USD has been involved in a long-term downtrend since topping in early 2018. A nudge lower could see multi-year lows enter sight at 1.0635, while firming may eventually witness the 2020 yearly opening level at 1.1222 make a play.
Friday 8th May: NFP Day – Remain Vigilant
Key risk events today: RBA Monetary Policy Statement; ECB President Lagarde […]
Thursday 7th May: Pound Slumps Ahead of BoE Rate Decision
Key risk events today: Australia Trade Balance; China Caixin Services PMI; […]
Wednesday 6th May: Dollar Trades Higher Ahead of ADP Employment
Key risk events today: EU Economic Forecasts; US ADP Non-Farm Employment […]
Tuesday 5th May: Technical Outlook and Review
Key risk events today: RBA Cash Rate and Rate Statement; German […]
Monday 4th May: Weekly Technical Outlook and Review
EUR/USD witnessed a resurgence of bidding last week, establishing a robust position north of the 2016 yearly opening level at 1.0873. Should the single currency remain on the winning side of the table going forward, the 2020 yearly opening level from 1.1222 could eventually put in an appearance, followed by Quasimodo resistance at 1.1239.
