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- April 27, 2024
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.
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.
OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Global equities finished Thursday lower, following the latest FOMC meeting minutes. The US Dollar Index (USDX) modestly extended gains (up 1.2 percent WTD) as US Treasury yields—particularly across longer-dated maturities—refreshed WTD pinnacles. Against the US dollar, Europe’s single currency delivered a somewhat feeble spirit in recent days, with
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Long-term technical flow derived from the weekly timeframe reveals a bearish setting has emerged this week, following last week’s test of resistance at $1.1147. Weekly channel support, extended from the low $1.1186, as well as weekly Quasimodo support at $1.0778, remain downside objectives on this timeframe. The bearish
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: US Treasury yields soared on Tuesday, underpinning a USD bid and consequently weighing on EUR/USD for a fourth consecutive session. As underlined in recent analysis, additional downside is consistent with the higher timeframe technical picture. For those who read Tuesday’s technical briefing you may recall the following points
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Demand for EUR/USD waned once again on Monday, unearthing a third losing session for the currency pair. Technically speaking, it should not surprise that sellers have taken the wheel and may continue to demand control over the coming sessions. In terms of trend and structure, recent analysis on
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Europe’s single currency finished the week off best levels against its US counterpart, erasing a sizeable portion of earlier upside. Trend on the bigger picture continues to echo a downside bias, reflecting bearish status since topping at $1.2350 at the beginning of January (2021). This is reinforced by
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