OPENING 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 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.
US Dollar Index: The rebound from daily support at 95.84 and recent completion of a daily AB=CD pattern at 96.16, regarded as a basic bullish configuration among harmonic traders, witnessed additional recovery gains last week. Finishing the week +0.6%, the US dollar index, or DXY, could experience a further surge in demand this week until
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) April spent the best part of the month feasting on the top edge of demand from 1.0488/1.0912, squeezing out a Japanese hammer candlestick pattern, typically viewed as a bullish reversal signal. May, as you can see,
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) April spent the best part of the month feasting on the top edge of demand from 1.0488/1.0912, squeezing out a Japanese hammer candlestick pattern, typically viewed as a bullish reversal signal. May, as you can see,
READ MOREEUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) April spent the best part of the month feasting on the top edge of demand from 1.0488/1.0912, squeezing out a Japanese hammer candlestick pattern, typically viewed as a bullish reversal signal. May, as you can see,
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 3 points.
READ MORE