EUR/USD conquered the 2016 yearly opening level at 1.0873 in recent trading. Skies beyond here are reasonably blue; a run to the 2020 yearly opening level at 1.1222, shadowed by a Quasimodo resistance at 1.1239, is certainly a possibility in the week ahead.
Key risk events today: China CPI y/y and PPI y/y; US CPI m/m and Core CPI m/m. (Previous analysis as well as outside sources – italics). EUR/USD: EUR/USD accelerated to the upside Thursday, guided by the US dollar index abandoning its 100.00 handle on the back of another record rise in the number of US … Continue reading Friday 10th April: Technical Outlook and Review
Key risk events today: UK GDP m/m; OPEC Meetings; ECB Monetary Policy Meeting Accounts; Canada Employment Change and Unemployment Rate; US Unemployment Claims; US Core PPI m/m and PPI m/m; Fed Chair Powell Speaks; US Prelim UoM Consumer Sentiment. (Previous analysis as well as outside sources – italics). EUR/USD: After failing to preserve an upside … Continue reading Thursday 9th April: DXY Modestly Higher Ahead of US Unemployment Data
Dear Trader,
Please find our Updated trading schedule and general information for the Easter Holidays starting Friday, 10th April 2020 below. All times mentioned below are Platform time (GMT +3).
Key risk events today: FOMC Meeting Minutes. (Previous analysis as well as outside sources – italics). EUR/USD: EUR/USD bulls outperformed Tuesday, reclaiming 1.08 status in early trade and shaking hands with 1.09 into US hours. The US dollar index, or DXY, snapped a four-day bullish phase (EUR/USD snapped a six-day bearish run), drawing the US … Continue reading Wednesday 8th April: Technical Outlook and Review
