GBP/USD has been rising amid dollar weakness and PM Johnson’s return. The next move in the UK lockdown, the BOE’s decision, and US Non-Farm Payrolls stand out. Early May’s daily chart is pointing to gains. The FX Poll is pointing to lower targets in all timeframes. Pound/dollar has moved higher in a week that saw … “GBP/USD: Ongoing UK lockdown, BOE, and NFP to determine next moves”
Category: Opinions
EUR/USD not that far if EU leaders cannot agree on coronabonds
The coronavirus crisis is taking a human and economic toll on Europe. Germany is trying to fend off demands for mutual debt, which threatens the integrity. The worsening political situation may weigh on EUR/USD, potentially sending it to parity. Over 50% of the global death toll from coronavirus is concentrated in Italy, Spain, and France … “EUR/USD not that far if EU leaders cannot agree on coronabonds”
GBP/USD End of the Boris bounce? Scary scenarios and hard data eyed
GBP/USD has attempted a rise as amid the PM’s discharge and worrying forecasts. Hard data for March and PMIs for April will likely set the tone. Mid-April’s daily chart is painting a mixed picture. The FX Poll is showing a bearish trend. Pound/dollar has hit the highest in a month amid Prime Minister Boris Johnson’s discharge … “GBP/USD End of the Boris bounce? Scary scenarios and hard data eyed”
EUR/USD: Stubborn COVID figures, lack of coronabonds, depressing data all point down
EUR/USD has been on the back foot as the market mood soured around coronavirus. COVID-19 statistics, potential easing of lockdowns, and PMIs are among the market-moving events. Mid-April’s daily chart is showing a narrowing triangle. The FX Poll is showing a bearish trend in the short and medium terms and a rise later on. Is … “EUR/USD: Stubborn COVID figures, lack of coronabonds, depressing data all point down”
AUD/USD set for another plunge down under as coronavirus carnage spreads
AUD/USD has been dropping as coronavirus spreads and amid a worsening market mood. The RBA decision, disease updates, and US jobless claims are eyed in the week leading to Easter. Early April’s daily chart is showing that bears are in control. The FX Poll is pointing to long-term gains. The thrill is gone – AIUD/USD’s … “AUD/USD set for another plunge down under as coronavirus carnage spreads”
GBP/USD: Coronavirus, Death cross pattern, and other factors pointing down
GBP/USD has rocked and rolled as coronavirus continues spreading. Additional disease-related updates, consumer data, and the Fed minutes are eyed. Early April’s daily chart is showing the death cross pattern. The FX Poll is pointing to falls in the short and medium terms, with a recovery afterward. Pound/dollar volatility is at Brexit levels – not … “GBP/USD: Coronavirus, Death cross pattern, and other factors pointing down”
Elliott wave analysis: EURUSD In a Downtrend
EURUSD has ended a big, bearish cycle down from 1.256 area, with an Elliott wave ending diagonal in the final piece of a bigger wave A impulse at the 1.087 low. Price then followed with a correction in a wave B and found resistance at the 1.122 level from where a new sharp drop is … “Elliott wave analysis: EURUSD In a Downtrend”
Three things to watch in the ECB Meeting Minutes – EUR/USD vulnerable
The ECB’s meeting minutes may reveal the bank’s thinking amid worsening conditions. The hawk-dove divide may also be exposed as it faces new challenges. EUR/USD is at a critical spot and may move in both directions. Is the European Central Bank ready to get off the fence and act to stimulate the economy? That is the question that … “Three things to watch in the ECB Meeting Minutes – EUR/USD vulnerable”
UK CPI data may be the straw that breaks cable’s back
UK inflation figures for January are set to show a rebound to 1.6%. GBP/USD has shown resilience to weak wage figures and worrying Brexit headlines. Downbeat CPI figures may be a breaking point for the pound. Sterling is strong – but for how long? GBP/USD has shown remarkable prowess in shrugging off adverse developments. It managed … “UK CPI data may be the straw that breaks cable’s back”
AUD/USD: Coronavirus not over, Australian labor data awaited
AUD/USD has been on the rise amid a calmer market mood. Australia’s jobs report and further coronavirus headlines are set to dominate trading. Mid-February’s daily chart is painting a bullish picture. The FX Poll is showing short-term drop and higher levels later on. The Australian dollar has benefited from receding fears about the coronavirus and … “AUD/USD: Coronavirus not over, Australian labor data awaited”