Blogs

<p>The National Institute of Economic and Social Research said Britain will lose 1/4 of its output in Q2. GDP is expected to fall by -20% to -25% in Q2, a significantly steeper decline than Q1, reflecting the full impact of the lockdown policy.</p> <p>The decline in income is not balanced with spending during the pandemic [&hellip

<p>In the FX, stronger demand in US treasuries and the dollar should lead to a decent profit taking in most majors which have surfed the weaker USD wave over the past weeks. Having pulled out the minor 23.6% Fibonacci retracement on April – June rise, the EURUSD could extend weakness to 1.1160, the major 38.2% […]

<p>The rising anxiety that the second wave of Covid-19 is about to hit the global economy is weighing on the market mood at the start of the week. Surging cases from China to US are increasingly worrying investors that another economic shutdown could be around the corner for everyone, after Beijing closed the city’s largest […]

<p>Pivot</p> <p>&nbsp;(invalidation): 36.00 Our preference</p> <p>Short positions below 36.00 with targets at 34.50 &amp; 33.85 in extension.</p> <p>Alternative scenario</p> <p>Above 36.00 look for further upside with 37.00 &amp; 37.75 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 17.5500 Our preference</p> <p>Short positions below 17.5500 with targets at 17.2000 &amp; 17.0900 in extension.</p> <p>Alternative scenario</p> <p>Above 17.5500 look for further upside with 17.7500 &amp; 17.9400 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1741.00 Our preference</p> <p>Short positions below 1741.00 with targets at 1719.00 &amp; 1708.00 in extension.</p> <p>Alternative scenario</p> <p>Above 1741.00 look for further upside with 1754.00 &amp; 1760.00 as targets.</p>