After a dominant showing off 1.2647 the week prior, shaped as a shooting star candlestick pattern, last week’s movement slipped to lows at 1.2247, led by an overall stronger dollar. GBP/USD now has eyes for support at 1.2200.
Key risk events today: UK Retail Sales m/m; German IFO Business Climate; US Core Durable Goods Orders m/m and Durable Goods Orders m/m. (Previous analysis as well as outside sources – italics). EUR/USD: In recent hours, EUR/USD gave up its 1.08 handle, breaching the 1.0768 April 6 low. Sour Eurozone Flash Manufacturing/Services PMIs, along with … Continue reading Friday 24th April: Technical Outlook and Review
Key risk events today: Eurozone Flash Manufacturing/Services PMIs; UK Flash Manufacturing/Services PMIs; US Unemployment Claims; US Flash Manufacturing/Services PMIs. EUR/USD: The US dollar index retained its underlying bid Wednesday, establishing a reasonably firm position north of 100.00. EUR/USD found thin air south of 1.09 into US hours and retreated sub 1.0850, with (technical) eyes likely … Continue reading Thursday 23rd April: Dollar Higher Ahead of US Unemployment Data
Key risk events today: UK Inflation; Canada Inflation. (Previous analysis as well as outside sources – italics). EUR/USD: The US dollar index, or ‘DXY’, explored ground north of 100.00 Tuesday, though EUR/USD concluded pretty much unchanged for a second successive session. On the data front, the ZEW Indicator of Economic Sentiment for Germany rose by … Continue reading Wednesday 22nd April: The US Dollar Index Crosses 100.00 Signalling $ Strength
Key risk events today: RBA Monetary Policy Meeting Minutes; RBA Gov Lowe Speaks; UK Employment Data; German ZEW Economic Sentiment. (Previous analysis as well as outside sources – italics). EUR/USD: It’s been a slow start to the week for EUR/USD, concluding the London session pretty much unchanged. Ranging no more than 55 points on the … Continue reading Tuesday 21st April: Technical Outlook and Review
