<p>Pivot</p> <p> (invalidation): 0.6625 </p> <p>Our preference</p> <p>Long positions above 0.6625 with targets at 0.6675 & 0.6695 in extension.</p> <p>Alternative scenario</p>
Blogs
(27 MAY 2020)USD/CAD Watch 1.3710.
<p>Pivot</p> <p> (invalidation): 1.3825 </p> <p>Our preference</p> <p>Short positions below 1.3825 with targets at 1.3745 & 1.3710 in extension.</p> <p>Alternative scenario</p>
(27 MAY 2020)USD/CHF Rebound expected.
<p>Pivot</p> <p> (invalidation): 0.9645 </p> <p>Our preference</p> <p>Long positions above 0.9645 with targets at 0.9680 & 0.9695 in extension.</p> <p>Alternative scenario</p>
(27 MAY 2020)USD/JPY Under pressure.
<p>Pivot</p> <p> (invalidation): 107.65 </p> <p>Our preference</p> <p>Short positions below 107.65 with targets at 107.35 & 107.20 in extension.</p> <p>Alternative scenario</p>
(27 MAY 2020)GBP/USD Turning down.
<p>Pivot</p> <p> (invalidation): 1.2345 </p> <p>Our preference</p> <p>Short positions below 1.2345 with targets at 1.2300 & 1.2260 in extension.</p> <p>Alternative scenario</p>
(27 MAY 2020)EUR/USD Turning down.
<p>Pivot</p> <p> (invalidation): 1.0975 </p> <p>Our preference</p> <p>Short positions below 1.0975 with targets at 1.0950 & 1.0930 in extension.</p> <p>Alternative scenario</p>
BoJ Yield Curve Control and new Supply of Government Debt. What to Expect from the Yen?
<p>After DXY support at 99 points were damaged on Tuesday due to powerful risk-on move, the currency continues to cede ground on Wednesday. Asian equities posted mixed performance; European stock indices apparently enjoy another day of gains. Gold tries to defend hard support at $1,700 per troy ounce, but hunt for yield seems to be […]
Trump Promises Action Against China Amidst Hong Kong Standoff
<h2>COVID-19 Strains US/China Relations</h2> <p>Fears that tensions between the US and China could soon boil over has increased this week as the two sides continue to trade rhetoric over the Hong-Kong standoff. Relations between the world’s two leading economies have been particularly fraught over recent weeks amidst escalating US
Daily Commodity Outlook, May 27 2020
<p><span>Asian stocks mostly went higher on Wednesday even when investors digested a report that the Trump administration is considering sanctions on Chinese officials, another sign of deteriorating Sino-American relations. S&P 500 futures also went higher after the gauge made a new high on Tuesday night. The index gave up almos
BOC’s Poloz Fuels Negative Rates Speculation
<h2>Poloz: BOC Ready To Do More</h2> <p>Stephen Poloz, governor of the Bank Of Canada, has fuelled expectations that the BOC could soon move into negative rates during comments made yesterday. Poloz, speaking ahead of handing the reigns over to incoming BOC governor Tiff Macklem on June 3<sup>rd</sup>, sought to reassu