• Technical View for 14th October

    Technical View for 14th October

    • October 13, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Consumer prices in the US accelerated to the upside. Year on year annual inflation in September rose 8.2%, versus a market consensus print of 8.1%. Core year-on-year annual inflation, which excludes food and energy, also recorded a 6.6% reading, versus expectations of a 6.5% increase. The aftermath of

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  • US Inflation Data Eyed: Technical View for 13th October

    US Inflation Data Eyed: Technical View for 13th October

    • October 12, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Overall, it was a muted session for EUR/USD on Wednesday, despite hotter-than-anticipated US PPI data and Minutes from September’s FOMC meeting hitting the wires. Things have been vague for the EUR/USD on the H1 timeframe since Monday, punishing short-term traders around the $0.97 figure (swarming the psychological level

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  • Technical View for 12th October: US Inflation Data and the Latest FOMC Minutes in Sight

    Technical View for 12th October: US Inflation Data and the Latest FOMC Minutes in Sight

    • October 11, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: As evident from the H1 chart, buyers and sellers continued to square off around the $0.97 figure on Tuesday with either side failing to abandon their position. Down 0.4% week to date, EUR/USD continues to reflect a bearish story in the medium and short term. Sellers, aside from

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  • Technical View for 11th October: UK Jobs Data Eyed

    Technical View for 11th October: UK Jobs Data Eyed

    • October 10, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: It was another day of red for the common currency on Monday as the US dollar, according to the US Dollar Index, extended recovery gains. From a technical perspective, further deterioration in the EUR/USD should not surprise. Since 2021, aside from momentary pullbacks, sellers have commanded a healthy

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  • Weekly Technical Market Insight: Week Ending 14th October 2022

    Weekly Technical Market Insight: Week Ending 14th October 2022

    • October 8, 2022

    Charts: Trading View (Italics: Previous Analysis) US Dollar Index: Remarkably, aside from May, the US dollar has pencilled in successive monthly gains in every month this year, adding 17.5%, year to date. The month of September rallied 3.2%, the largest one-month rise behind April’s eye-popping 5.0% advance. The first full week of October also wrapped

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  • Technical View for 5th October

    Technical View for 5th October

    • October 4, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: The US dollar extended its decline on Tuesday, largely coinciding with the correction seen in US Treasury yields (albeit cooling somewhat in recent trading). Dollar softness, of course, aided EUR/USD’s recovery gains from 20-year troughs established last week ($0.9536). In terms of US risk events, US job openings

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  • Technical View for 4th October: Pound Higher Though Faces Obvious Weekly Resistance at $1.1751-1.1413

    Technical View for 4th October: Pound Higher Though Faces Obvious Weekly Resistance at $1.1751-1.1413

    • October 3, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Europe’s common currency welcomed a modest bid against a softer US dollar on Monday. Following the open of US equity cash markets, US ISM Manufacturing recorded a lower-than-expected print (50.9 vs. consensus: 52.5) and consequently weighed on dollar demand, sending the US Dollar Index (DXY) to a low

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  • Technical View for 1st September: GBP/USD Eyes Space South of $1.16; EUR/USD Maintains Support off Parity

    Technical View for 1st September: GBP/USD Eyes Space South of $1.16; EUR/USD Maintains Support off Parity

    • August 31, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: With the month of August in the rear-view mirror, down 1.6 per cent, the EUR/USD currency pair trades lower 11.60 per cent, year to date. Wednesday, however, witnessed price rally 0.5 per cent, strengthening its position north of parity ($1.00). The H1 timeframe has price movement closing in

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  • Technical View for 31st August

    Technical View for 31st August

    • August 30, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: It was another relatively optimistic day for EUR/USD on Tuesday, extending Monday’s mild recovery gains by 0.4 per cent. Surprisingly, markets witnessed an advance in US consumer confidence to 103.2, effortlessly surpassing July’s downwardly revised 95.3 reading. Job openings in the US also recorded a slight uptick, topping

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  • Weekly Technical Market Insight: Week Ending 2nd September 2022

    Weekly Technical Market Insight: Week Ending 2nd September 2022

    • August 27, 2022

    Charts: Trading View (Italics: Previous Analysis) US Dollar Index: Month to date, the US dollar, measured by the US Dollar Index, is higher by 2.8 per cent. Quite remarkably, aside from May, the US dollar has chalked up successive monthly gains in every other month this year, adding 13.0 percent, year to date. The final

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  • Technical View for 26th August

    Technical View for 26th August

    • August 25, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Currency markets, once again, echoed a subdued vibe on Thursday, with all eyes on the Jackson Hole Symposium. Global equities were largely bid, alongside procyclical currencies, such as the Australian dollar and the New Zealand dollar. Europe’s common currency concluded the session off best levels against its US

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  • Technical View for 25th August: Focus Turns to Jackson Hole

    Technical View for 25th August: Focus Turns to Jackson Hole

    • August 24, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: It was a subdued session for EUR/USD—as well as other major currency pairs—on Wednesday as investors brace for the beginning of the Jackson Hole Symposium, held for three days. We also look forward to the US Q2 GDP print today, although it is expected to remain unchanged at

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