EURUSD rallies strongly with eyes on 1.1051 area as it looks for more recovery. Support comes in at the 1.0950 where a break will turn risk to the 1.0900 level. A breach below here will target the 1.0850 level. Further down, support stands at the 1.0800...
CIO had previously expected the US to expand 1.8%, China, 5.8%, and the Eurozone, 1%. But the impact of the higher tariffs imposed by the US on Chinese goods – in stages on 1 September, 1 October and 15 December – will hit both consumers and companies by the first half of 2020...
Pivot (invalidation): 53.65 Our preference Long positions above 53.65 with targets at 54.60 & 55.00 in extension. Alternative scenario...
Pivot (invalidation): 19.1600 Our preference Long positions above 19.1600 with targets at 19.5900 & 19.7500 in extension. Alternative scenario...
Pivot (invalidation): 1539.00 Our preference Long positions above 1539.00 with targets at 1550.00 & 1555.00 in extension. Alternative scenario...
Pivot (invalidation): 2940.00 Our preference Short positions below 2940.00 with targets at 2890.00 & 2865.00 in extension. Alternative scenario...
Pivot (invalidation): 11945.00 Our preference Short positions below 11945.00 with targets at 11870.00 & 11840.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7520 Our preference Short positions below 5.7520 with targets at 5.7160 & 5.6950 in extension. Alternative scenario...
Pivot (invalidation): 0.6755 Our preference Long positions above 0.6755 with targets at 0.6800 & 0.6815 in extension. Alternative scenario...
Pivot (invalidation): 1.3345 Our preference Short positions below 1.3345 with targets at 1.3310 & 1.3300 in extension. Alternative scenario...
Pivot (invalidation): 0.9890 Our preference Short positions below 0.9890 with targets at 0.9850 & 0.9825 in extension. Alternative scenario...
Pivot (invalidation): 106.10 Our preference Short positions below 106.10 with targets at 105.70 & 105.55 in extension. Alternative scenario...
Pivot (invalidation): 1.2070 Our preference Long positions above 1.2070 with targets at 1.2135 & 1.2170 in extension. Alternative scenario...
Pivot (invalidation): 1.0950 Our preference Long positions above 1.0950 with targets at 1.0995 & 1.1025 in extension. Alternative scenario...
AUDUSD faces recovery threats on lower price rejection ahead of its key support. On the upside, resistance lies at the 1.6750 level. A cut through here will turn focus to the 0.6800 level and then the 0.6900 level where a violation will set the stage for a retarget of the 0.6850 level...
Today, FX traders are now intensely focused on UK. Like a car-crash its hard to take your eyes off the chaos. PM Johnsons masterful strategy to shorten parliament’s chance to define Brexit, was pure political theatrics...
Pivot (invalidation): 55.25 Our preference Short positions below 55.25 with targets at 54.35 & 54.05 in extension. Alternative scenario...
Pivot (invalidation): 18.5400 Our preference Short positions below 18.5400 with targets at 18.2500 & 18.1500 in extension. Alternative scenario...
Pivot (invalidation): 1530.00 Our preference Short positions below 1530.00 with targets at 1517.00 & 1509.00 in extension. Alternative scenario...
