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GBP optimism appears to turn as traders finally consider that a Brexit “technical extension” is the most likely scenario to be favored by negotiating participants as details of the arrangement would require two additional months...
Pivot (invalidation): 53.25 Our preference Short positions below 53.25 with targets at 52.70 & 52.40 in extension. Alternative scenario...
Pivot (invalidation): 17.5000 Our preference Short positions below 17.5000 with targets at 17.3200 & 17.2500 in extension. Alternative scenario...
Pivot (invalidation): 1488.50 Our preference Short positions below 1488.50 with targets at 1477.00 & 1474.00 in extension. Alternative scenario...
Pivot (invalidation): 2972.00 Our preference Long positions above 2972.00 with targets at 3005.00 & 3028.00 in extension. Alternative scenario...
Pivot (invalidation): 12510.00 Our preference Long positions above 12510.00 with targets at 12760.00 & 12840.00 in extension. Alternative scenario...
Pivot (invalidation): 5.9000 Our preference Long positions above 5.9000 with targets at 5.9370 & 5.9530 in extension. Alternative scenario...
Pivot (invalidation): 0.6750 Our preference Short positions below 0.6750 with targets at 0.6715 & 0.6700 in extension. Alternative scenario...
Pivot (invalidation): 1.3220 Our preference Short positions below 1.3220 with targets at 1.3190 & 1.3165 in extension. Alternative scenario...
Pivot (invalidation): 0.9995 Our preference Short positions below 0.9995 with targets at 0.9970 & 0.9960 in extension. Alternative scenario...
Pivot (invalidation): 108.90 Our preference Short positions below 108.90 with targets at 108.50 & 108.30 in extension. Alternative scenario...
Pivot (invalidation): 1.2720 Our preference Long positions above 1.2720 with targets at 1.2800 & 1.2850 in extension. Alternative scenario...
Pivot (invalidation): 1.1040 Our preference Short positions below 1.1040 with targets at 1.1015 & 1.1000 in extension. Alternative scenario...
Dear Matthew, Let me let you in on a little secret. The RBA wants rates to go to negative one percent. They’re currently at a record low of 0.75%. That’s low. It’s like crazy low...
Questions may arise on what actually triggers the current Turkish lira recovery phase despite the latest announcement of US sanctions against the Turkish economy...
This week financial markets remained highly sensitive to political and geopolitical developments with the China-US trade war and Brexit negotiations in the spotlight. Even though the so-called “phase one” trade deal looks more and more like a dud, market participants remained mostly bullish...
Pivot (invalidation): 53.70 Our preference Short positions below 53.70 with targets at 53.10 & 52.75 in extension. Alternative scenario...
Pivot (invalidation): 17.5900 Our preference Long positions above 17.5900 with targets at 17.8300 & 17.8900 in extension. Alternative scenario...
Pivot (invalidation): 1488.00 Our preference Long positions above 1488.00 with targets at 1498.00 & 1503.00 in extension. Alternative scenario...
