Week Ahead: FOMC and Jobs Data in Sight
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- April 27, 2024
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Despite a healthy attempt at recovery from demand at 1.0488/1.0912 in October 2019 – a particularly noteworthy area given the momentum derived from its base – EUR/USD failed to sustain gains and is seen retesting the
READ MOREDespite Foreign exchange (forex) standing as the largest financial market in the world, boasting 24-hour access five days a week, one might expect the holiday season to be the busiest time of the year. This just isn’t the case – liquidity actually diminishes across global markets. The primary driver behind price movement in the forex
READ MOREEUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Despite a healthy attempt at recovery from demand at 1.0488/1.0912 in October 2019 – a particularly noteworthy area given the momentum derived from its base – EUR/USD failed to sustain gains and begun tunnelling its way
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 3 points.
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 3 points.
READ MOREEUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Despite a healthy attempt at recovery from demand at 1.0488/1.0912 in October 2019 – a particularly noteworthy area given the momentum derived from its base – EUR/USD failed to sustain gains and begun tunnelling its way
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 3 points.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREUS Dollar Index: The US dollar index (’DXY’), which measures the value of the US dollar relative to a basket of foreign currencies, firmed for a third successive week, gaining 0.18%. After eclipsing the 99.67 October 1 st high, the index clocked highs at 99.91, just south of the 100.00 handle which is enclosed within
READ MOREMargin call, a term often met with dread, carries with it some heavy-duty meaning in forex trading. A margin call occurs when a trading account no longer has any free margin. It is a request from the broker to bring margin deposits up to the initial margin level, also known as deposit margin, to keep existing positions open. Trading on margin offers a variety of
READ MOREECB MEETINGS OF 2020 SHOULD REALLY BE CALLED ECB ‘STRATEGY REVIEWS’.
Newly minted Chair Christine Lagarde clearly wanted to give herself ‘room’ having ordered a review to consider all aspects of its mandates, targets specifically inflation, performance, operational tools, communication and policy setting, plus others. It clearly leaves the ECB in a holding pattern, but that holding pattern means its highly unconventional policies setting won’t change until the Strategy Review is complete.
OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 3 points.
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