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EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.9108; (P) 0.9138; (R1) 0.9158; EUR/GBP drops sharply to as low as 0.9024 so far today. The break of 0.9067 support, as well as 55 day EMA, raises the chance that rebound from 0.8670 has completed. Intraday bias is turned back to the downside for 0.8866 support for confirmation.


#XAU/USD# The price of gold starts trading today with an additional bullish tendency to surpass the level of 1967.90 and try to move away from it, which supports the continuation of the expected bullish trend scenario in the intraday and short term, which targets visiting the 2013 le

AUDJPY Long Prediction

#AUD/JPY# AUDJPY Long Prediction

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 106.54; (P) 106.78; (R1) 107.12; Intraday bias in USD/JPY remain son the upside for the moment and outlook is unchanged. Corrective fall from 111.71 should have completed with three waves down to 104.18, after missing 100% projection of 111.71 to 105.98 from 109.85 at 104.12. Furt

EUR/USD looks to a probable move to 1.1635 – UOB

FX Strategists at UOB Group noted EUR/USD could test 1.1635 if the 1.1600 barrier is cleared in the near-term. Key Quotes 24-hour view: “Our expectation from yesterday was that EUR ‘is still strong and could advance towards 1.1570 but the odds for a break of 1.1600 today are not high’. Our view was

Vaccine hopes ad upbeat data lift stocks

Vaccine optimism boosted risk appetite, lifting Asian markets overnight and putting European bourses on track for a stronger start. Upbeat UK inflation data has added to the risk on tone. Meanwhile, elevated US – Chinese tensions are broadly being shrugged off. Risk sentiment has soared after Modern

MAS: Blockchain Payments Network “Project Ubin” Completes Final Stage

Photo: Bloomberg The Monetary Authority of Singapore (MAS) announced this Monday, alongside Temasek, in a joint report that it has developed a payments network based on blockchain for international settlements. In particular, the report marks the successful conclusion of the fifth and final phase

Preview of the Bank of Japan policy meeting this week - no change to policy expected

The BOJ monetary policy statement will be announced on Wednesday 15 July the Bank's quarterly outlook will be published also  There is no scheduled time but its likely some time in the 0230 to 0330 GMT window Bank of Japan Governor Kuroda press conference will follow at 0630GMT A snippet from MUFG

Market turning points

“By the Law of Periodical Repetition, everything which has happened once must happen again, and again, and again -- and not capriciously, but at regular periods, and each thing in its own period, not another’s, and each obeying its own law … The same Nature which delights in periodical repetition in

Dollar rallies broadly on safe-haven demand after plunge in U.S. stocks

Market Review - 12/06/2020  00:00GMT   Dollar rallies broadly on safe-haven demand after plunge in U.S. stocks The greenback snapped its recent recent losing streak and rallied across the board except versus yen as plunge in U.S. stocks (Dow closed down 6.9% at 25128) triggered active safe-haven us


#EUR/NZD# Short Trendline support

Aussie data dump positive for AUD: Retail sales -17.7% MoM vs -17.9%, Trade Balance a surplus

We have seen data from Australia in the form of April Retail Sales -17.7 pct beating a Reuters poll -17.9 pct for the month and a higher surplus than expected in the trade numbers as follows: Australia April balance goods/svcs A$+8,800 mln, s/adj (Reuters poll: A$+7,500 mln). Australia April goods/

WTI Price Analysis: Retraces within an immediate triangle around $37.00

WTI seesaws near three-month high inside a two-day-old symmetrical triangle. A one-week-old ascending trend line, 200-HMA adds to the support. An upside clearance will accelerate the moves to fill the early-March gap above $41.00. WTI takes rounds to $37.08 while portraying a short-term symmetrical

Oil Price Forecast: WTI drops below $24.00, 50-HMA, weekly support line in spotlight

WTI Futures on NYMEX fails to extend recoveries from 50-HMA. A seven-day-old ascending trend line adds to the support. Buyers look for entry beyond the immediate resistance line. Having failed to extend the bounce off 50-HMA, WTI June Futures drop to $23.68, down 1.20% on a day, amid the initial fe