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With the coronavirus outbreak in China ongoing, highly cyclical currencies with strong ties to Chinese growth have been hit hard. And this is the case for the Australian dollar. The AUDUSD fell by around 3% earlier this week...
Negotiations around the UK's departure from the European Union dominated the direction of the British pound over the past few years...
STEIN INVESTMENTS - MORNING BRIEFING MARKET ANALYSIS Today we are focused on the GBP which continues it's downtrend. The trends of the major pair is in-line from M1 to D1, so let's spot the currency strength...
Pivot (invalidation): 51.00 Our preference Long positions above 51.00 with targets at 52.25 & 53.00 in extension. Alternative scenario...
Pivot (invalidation): 17.7200 Our preference Short positions below 17.7200 with targets at 17.5200 & 17.4600 in extension. Alternative scenario...
Pivot (invalidation): 1559.50 Our preference Short positions below 1559.50 with targets at 1550.00 & 1547.00 in extension. Alternative scenario...
Pivot (invalidation): 3314.00 Our preference Long positions above 3314.00 with targets at 3353.00 & 3383.00 in extension. Alternative scenario...
Pivot (invalidation): 13575.00 Our preference Short positions below 13575.00 with targets at 13340.00 & 13270.00 in extension. Alternative scenario...
Pivot (invalidation): 5.9880 Our preference Short positions below 5.9880 with targets at 5.9720 & 5.9660 in extension. Alternative scenario...
Pivot (invalidation): 0.6740 Our preference Long positions above 0.6740 with targets at 0.6775 & 0.6785 in extension. Alternative scenario...
Pivot (invalidation): 1.3300 Our preference Short positions below 1.3300 with targets at 1.3275 & 1.3260 in extension. Alternative scenario...
Pivot (invalidation): 0.9720 Our preference Long positions above 0.9720 with targets at 0.9750 & 0.9770 in extension. Alternative scenario...
Pivot (invalidation): 109.70 Our preference Long positions above 109.70 with targets at 110.15 & 110.30 in extension. Alternative scenario...
Pivot (invalidation): 1.3015 Our preference Short positions below 1.3015 with targets at 1.2955 & 1.2940 in extension. Alternative scenario...
Pivot (invalidation): 1.1015 Our preference Short positions below 1.1015 with targets at 1.0985 & 1.0970 in extension. Alternative scenario...
WTI crude is sputtering near the $50 a barrel. What keeps the price from tumbling further is certainly the expectation that the OPEC+ could lower its production by a million barrels per day to readjust its offer to the sharp decline in oil demand caused by the coronavirus...
US equities rallied on Tuesday. The S&P500 (+1.44%) and the Dow (+1.50%) recovered as Nasdaq surged 2% to a fresh all-time high. The correction of the coronavirus sell-off and the rush towards technology stocks were the major catalysts...
Pivot (invalidation): 50.45 Our preference Short positions below 50.45 with targets at 49.70 & 49.30 in extension. Alternative scenario...
Pivot (invalidation): 17.6800 Our preference Short positions below 17.6800 with targets at 17.5000 & 17.4100 in extension. Alternative scenario...
