Currency Point: Gearing up for the mid-year blast
- Currency Point, Featured Posts, Fundamental Analysis, Recent Posts
- May 27, 2022
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: Europe’s shared currency eked out modest gains against the US dollar Thursday, clipping a portion of Wednesday’s 0.5 per cent downside move. Technically, buyers and sellers continue to square off a touch north of the $1.0638 pandemic low (March 2020) on the daily timeframe, demonstrating scope to connect
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Technical Outlook: Having seen daily price remain north of the $1.0638 pandemic low (March 2020), in addition to the weekly timeframe demonstrating scope to approach Quasimodo support-turned resistance at $1.0778, H1 Quasimodo resistance-turned support at $1.0631 could be an area the charts observe buyers display interest from, if
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: The US dollar—measured by the US Dollar Index—remained on the back foot Monday, erasing nearly 1 per cent and largely underpinning its major peers. The clear risk-on environment weighed on the buck and propelled EUR/USD above key daily resistance at $1.0638 (pandemic low of $1.0638 [March 2020]). Upstream
READ MORECharts: Trading View (Italics: Previous Analysis) US Dollar Index (Daily Timeframe): Snapping a six-week winning streak, the US dollar unearthed a near-full-bodied weekly bearish candle last week and concluded lower by 1.4 per cent. Resistance-turned support from 102.95 welcomed price action at the tail end of the week, following a healthy rejection of the decision
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 safe-haven bids materialised Wednesday amid sharp selling across European and US equities. The US dollar—measured by the US Dollar Index—also witnessed modest buying and longer-dated US Treasury yields jolted lower. Europe’s single currency rotated south against its US counterpart, consequently trimming a portion of Tuesday’s 1.1
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 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 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.
Start Trading with a Global Broker
Al facilitar tu correo electrónico, aceptas la política de privacidad de FP Markets y recibir futuros materiales de marketing de FP Markets. Puedes cancelar tu suscripción en cualquier momento.