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ASIA/EUROPE FOREX NEWS WRAP The Reserve Bank of Australia made history last night cutting its key benchmark interest rate to an all-time low at 2.75%, a...
Pivot: 0.9355 Our preference: Long positions above 0.9355 with targets @ 0.94 0.942 in extension. Alternative scenario: Below 0.9355 look for further downside with 0.933 0.931...
Pivot: 1488.00 Our preference: SHORT positions below 1488 with 1441 1423 as next targets. Alternative scenario: The upside penetration of 1488 will call for 1507 1540....
Pivot: 1.022 Our preference: Short @ 1.0204 with targets @ 1.015 1.0125 in extension. Alternative scenario: Above 1.022 look for further upside with 1.025 1.029 as...
Pivot: 0.848 Our preference: Long positions above 0.848 with targets @ 0.852 0.8555 in extension. Alternative scenario: Below 0.848 look for further downside with 0.8455 0.843...
THE TAKEAWAY: The US Dollar continued to drift higher within a familiar range while the SP 500 pushed upward to set a new record high above...
US Dollar Technical Analysis– Prices recovered after putting in a Hammer candlestick above support in the 10424-28 area marked by the 23.6% Fibonacci retracement and the...
Pivot: 97.20 Our preference: SHORT positions below 97.2 with 94.65 92.95 as next targets. Alternative scenario: The upside penetration of 97.2 will call for a rebound...
Pivot: 1.022 Our preference: Long positions above 1.022 with targets @ 1.0277 1.029 in extension. Alternative scenario: Below 1.022 look for further downside with 1.02 1.018...
EUR/GBP Technical Analysis – Prices appear to be carving out a Triangle chart formation, which may be broadly indicative of bullish continuation (although confirmation is required...