Index and Commodities Trading week beginning 12 / 05 / 2025
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- May 11, 2025
ECB 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.
XJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREUS Dollar Index: The recent recovery from daily support at 95.84, accompanied by a daily AB=CD pattern at 96.16, with the latter regarded as a basic bullish configuration among harmonic traders, witnessed last week’s action put forward a prominent weekly lower shadow, suggesting additional recovery gains could be in store. Seen overhead, however, daily supply
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 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) May, as you can see, recovered off worst levels and wrapped up a few pips shy of monthly highs out of demand from 1.0488/1.0912. June extended gains, though recently ran into opposition at the lower ledge
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) May, as you can see, recovered off worst levels and wrapped up a few pips shy of monthly highs out of demand from 1.0488/1.0912. June extended gains, though ran into opposition at the lower ledge of
READ MOREEUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) May, as you can see, recovered off worst levels and wrapped up a few pips shy of monthly highs out of demand from 1.0488/1.0912. June extended gains, though ran into opposition at the lower ledge of
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORE