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Pivot (invalidation): 1.1250 Our preference Short positions below 1.1250 with targets at 1.1215 & 1.1190 in extension. Alternative scenario Above 1.1250 look for further upside with 1.1270 & 1.1295 as targets...
The currency of Japan known the Japanese yen and can be referred to as ¥. In Currency trading, it truly is money abbreviation is currently JPY. Japan yen will be that the most traded money following the US Dollar and EUR in the Fx. It’s widely utilized as a reserve currency...
EURGBP looks to weaken further lower on correction as it retains its downside pressure. On the downside, support stands at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break below here will aim at the 0.8700 level...
The change in tone from the South African Reserve Bank is more than understandable. Although Cyril Ramaphosa emerged victorious from general elections, political, structural and growth uncertainties weigh on the South African economy and ultimately its currency, which is losing steam this week...
The one-two punch of St. Louis Fed Bullard and Chair Powell could have not been clearer. The Fed now has a dovish tilt. Yesterday Powell remarked that given the lack of inflation pressure emulating for the US economy, the Fed has the right and ability to target economic growth...
Pivot (invalidation): 52.50 Our preference Long positions above 52.50 with targets at 53.75 & 54.60 in extension. Alternative scenario Below 52.50 look for further downside with 52.10 & 51.60 as targets...
Pivot (invalidation): 14.7300 Our preference Long positions above 14.7300 with targets at 14.8600 & 14.9200 in extension. Alternative scenario Below 14.7300 look for further downside with 14.6900 & 14.6500 as targets...
Pivot (invalidation): 1320.00 Our preference Long positions above 1320.00 with targets at 1329.00 & 1335.00 in extension. Alternative scenario Below 1320.00 look for further downside with 1316.00 & 1312.50 as targets...
Pivot (invalidation): 2778.00 Our preference Long positions above 2778.00 with targets at 2822.00 & 2838.50 in extension. Alternative scenario Below 2778.00 look for further downside with 2762.75 & 2744.00 as targets...
Pivot (invalidation): 12027.00 Our preference Short positions below 12027.00 with targets at 11840.00 & 11770.00 in extension. Alternative scenario Above 12027.00 look for further upside with 12110.00 & 12170.00 as targets...
Pivot (invalidation): 5.7920 Our preference Short positions below 5.7920 with targets at 5.7450 & 5.7210 in extension. Alternative scenario Above 5.7920 look for further upside with 5.8270 & 5.8590 as targets...
Pivot (invalidation): 0.6985 Our preference Long positions above 0.6985 with targets at 0.7005 & 0.7025 in extension. Alternative scenario Below 0.6985 look for further downside with 0.6970 & 0.6955 as targets...
Pivot (invalidation): 1.3415 Our preference Short positions below 1.3415 with targets at 1.3350 & 1.3330 in extension. Alternative scenario Above 1.3415 look for further upside with 1.3450 & 1.3480 as targets...
Pivot (invalidation): 0.9930 Our preference Short positions below 0.9930 with targets at 0.9900 & 0.9870 in extension. Alternative scenario Above 0.9930 look for further upside with 0.9950 & 0.9970 as targets...
Pivot (invalidation): 108.00 Our preference Long positions above 108.00 with targets at 108.25 & 108.35 in extension. Alternative scenario Below 108.00 look for further downside with 107.80 & 107.55 as targets...
Pivot (invalidation): 1.2685 Our preference Long positions above 1.2685 with targets at 1.2715 & 1.2740 in extension. Alternative scenario Below 1.2685 look for further downside with 1.2670 & 1.2650 as targets...
Pivot (invalidation): 1.1245 Our preference Long positions above 1.1245 with targets at 1.1275 & 1.1290 in extension. Alternative scenario Below 1.1245 look for further downside with 1.1230 & 1.1210 as targets...
The decision made by the Reserve Bank of Australian to cut its Cash rate by a quarter-percentage point to historical low 1.25% came as expected. The statement made by RBA Governor Philip Lowe two weeks ago already signaled the intention...
The market has shifted into a defensive position as risks to the downside have increased. US Treasury yields came under pressure pushing 3m – 10Y spreads deeper into the inverted territory. USD was sold as St...
