Cliff Notes: Confidence in the Face of Adversity
Key insights from the week that was. This week, the RBA retained both their policy stance and a constructive view of the outlook. Apparent in both the RBA decision statement from the February meeting, as well as the subsequent speech...
Weekly Focus: Global Risk Sentiment Boosted as Coronavirus Fears Abate
Concerns about coronavirus abated this week as the spread of the virus levelled off. While the number of infected increased to 31472, the daily pace of new cases levelled off somewhat, while the death toll reached 638. Contagion outside Hubei...
Dollar Firm after Strong NFP Growth, But No Follow Through Buying Yet
Dollar remains firm in early US session after strong headline NFP number. But there is no follow through buying for the moment. Risk appetite also recede mildly as market head towards weekly close. Over the week, Dollar remains the strongest...
AUDJPY Reverses Lower, Picture Turning Negative
AUDJPY posted a ‘golden cross’ in mid-January – which is usually a positive sign – but was unable to sustain the upside momentum. Instead, the price structure on the daily chart seems to be turning negative, with lower highs and...
EUR/USD At 4 Month Low On Weak German Data, NFP Next
The euro is under pressure in early trade on Friday following yet more disappointing data from Germany. German industrial production declined by more than expected -3.5% mom in December, greater than the -0.2% fall forecast. Annually production declined -8.7% well...
GBPNZD Maintains Neutral-to-Bullish Bias Above Cloud
GBPNZD has been consolidating over the last four months with upper boundary the 2.0430 resistance and lower boundary the 50.0% Fibonacci retracement level of the up leg 1.8280 – 2.0550, near 1.9410. However, the broader picture remains positive as the...
USD/JPY Outlook: Bulls Are Pausing Under 110 Barrier Ahead Of NFP
Strong four-day rally is taking a breather on Friday ahead of US jobs report, which is expected to provide fresh signal. The dollar remains well supported and strong labor data today would add to bullish bias for eventual break through...
GER 30 Index Pullback Looks To Test Positive Picture
Germany 30 Index (Cash) is pushing under the 13,519 level, following a deflection off the 13,604 resistance from January 24. The candles reflect sellers’ efforts for a down move, something also reflected within the short-term oscillators, where negative momentum appears...
GBP/USD Outlook: Traders Anticipate Strong US Jobs Data Which Would Further Deflate Sterling, But Bounce Scenario Is Also On The Table
Bears are on hold above key Fibo support in European trading on Friday, as quiet and narrow range movement await release of US jobs report. Cable registered significant losses this week, pressured by rising dollar and uncertainty over Brexit negotiations....
EUR/USD Outlook: Euro Extends Weakness On Downbeat German Data, US Labor Report In Focus
The Euro extends steep fall into fifth straight day and hits new lowest level since early Oct on Friday, on track for the biggest weekly fall since early November. Downbeat German industrial production data added to weak tone of the...
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