AUD/USD Outlook: Break Below 10DMA Would Signal End Of Recovery Phase And Reversal
The Australian dollar fell in European session on Friday, maintaining negative near-term tone, following repeated recovery rejection at 0.6750 Fibo barrier (23.6% of 0.7032/0.6662, reinforced by falling 20DMA) and Thursday’s close in read after three-day rally. Recovery phase might be...
EUR/USD Declined To 1.0842
On Thursday, the EUR/USD currency pair declined to the weekly S2 at 1.0842. During today’s morning, the rate was trading at the given level. If the weekly S2 holds, it is likely that a reversal north could occur in the...
GBP/USD Breached Rising Wedge Pattern
Yesterday, the GBP/USD exchange rate jumped to the 1.3060 level. During Friday morning, the rate reversed south. It is likely that the currency pair could gain support of the monthly S1 at 1.3021 and reverse north in the nearest future....
USD/JPY Tests Resistance
Yesterday, the USD/JPY currency pair tried to surpass the resistance formed by the 55– and 100-hour SMAs in the 109.85 area. During Friday morning, the pair continued to test the given resistance. If the given moving averages hold, it is...
XAU/USD Might Consolidate
On Thursday, the XAU/USD exchange rate traded sideways around the 1,576.00 level. During today’s morning, the rate continued to trade at the given level. On the one hand, yellow metal could gain support of the monthly PP at 1,573.09 and...
GBPAUD Flirts With 1.9400 Number, Positive Prospects
GBPAUD has gained little this week but it managed to hold above the 20-day simple moving average (SMA) and re-enter the 1.9400 area, however, the technical indicators feed prospects for a possible improvement in the near term. The RSI indicator...
ECB: Helicopter money could lift the mood in Europe
Europe is stuck in a rut and it’s getting dangerous. Monetary policy is looser than it’s ever been and there’s little chance it will tighten any time soon. Is helicopter money the way out? If growth slows suddenly due to,...
Euro Selloff Deepens on Growth Concern, No Sign of Bottoming Yet
Euro remains the weakest one for the week as selloff deepens. It seems that markets believe the coronavirus outbreak in China would hurt Eurozone’s economy more, in particular the export led German economy. Optimism of recovery this year is dented....
Market Morning Briefing: Aussie Has Risen As Expected And Could Test 0.6775
STOCKS Equities seem to lack strength to move sharply higher. As mentioned yesterday the segment is not convincingly looking strong as the increasing reported number of corona virus cases weigh on the sentiment. Dow has room to rise in the...
Asia Open – Are Markets Are Falling Out Of Love With Stocks? Oil Softens, Gold Hovers
Wall Street’s wild ride saw stocks settle lower as uncertainty persists on the trajectory of the coronavirus and after the Fed signaled a bigger than expected withdrawal of liquidity with the repo operations. Asia is headed for a mixed open...
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