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The recent series of negative data releases hit the single currency hard, which trades at May 2017 range against the greenback, pointing to a quarterly drop of over -4...
The Australian dollar stood amongst the worst performers on Tuesday morning following the Reserve Bank of Australia’s decision to cut the cash rate target by 25bps to record low 0.75...
Pivot (invalidation): 55.00 Our preference Short positions below 55.00 with targets at 53.95 & 53.50 in extension. Alternative scenario...
Pivot (invalidation): 17.1400 Our preference Short positions below 17.1400 with targets at 16.7900 & 16.7100 in extension. Alternative scenario...
Pivot (invalidation): 1479.00 Our preference Short positions below 1479.00 with targets at 1461.00 & 1457.00 in extension. Alternative scenario...
Pivot (invalidation): 2967.00 Our preference Long positions above 2967.00 with targets at 2990.00 & 3005.00 in extension. Alternative scenario...
Pivot (invalidation): 12480.00 Our preference Short positions below 12480.00 with targets at 12345.00 & 12290.00 in extension. Alternative scenario...
Pivot (invalidation): 5.6560 Our preference Short positions below 5.6560 with targets at 5.6360 & 5.6280 in extension. Alternative scenario...
Pivot (invalidation): 0.6755 Our preference Short positions below 0.6755 with targets at 0.6725 & 0.6700 in extension. Alternative scenario...
Pivot (invalidation): 1.3230 Our preference Long positions above 1.3230 with targets at 1.3260 & 1.3275 in extension. Alternative scenario...
Pivot (invalidation): 0.9965 Our preference Long positions above 0.9965 with targets at 1.0005 & 1.0020 in extension. Alternative scenario...
Pivot (invalidation): 107.95 Our preference Long positions above 107.95 with targets at 108.45 & 108.70 in extension. Alternative scenario...
Pivot (invalidation): 1.2305 Our preference Short positions below 1.2305 with targets at 1.2255 & 1.2235 in extension. Alternative scenario...
Pivot (invalidation): 1.0900 Our preference Short positions below 1.0900 with targets at 1.0875 & 1.0865 in extension. Alternative scenario...
USDJPY eyes further upside pressure on corrective recovery as it closed higher on Monday. On the upside, resistance comes in at 108.50 level. Above this level will turn attention to the 109.00 level. Further out, we expect a possible move towards the 109...
On the economic data front China Sept manufacturing PMI recovered but remained in contraction territory. An official gauge of China's factory activity manufacturing PMI rebounded to 49.8 in September from 49.5 in August. New export orders, a reliable indicator of external demand, increased to 48...
At the end of September, the largest metropolis of Vietnam, the ten millionth Ho Chi Minh city, saw an event that attracted the attention of not only numerous specialists, but also those who want to gain experience in online trading and investing in financial markets...
Risk assets pulled back modestly at the start of the trading week. Political turbulence in US, China, UK and Middle East has come at a time when the global growth outlook appears fragile. Asian equity markets are mixed although skewed slightly to the downside...
Pivot (invalidation): 56.55 Our preference Short positions below 56.55 with targets at 55.70 & 55.35 in extension. Alternative scenario...
