Blogs

<p>Pivot</p> <p>&nbsp;(invalidation): 6.9460 </p> <p>Our preference</p> <p>Short positions below 6.9460 with targets at 6.8960 &amp; 6.8790 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 0.6435 </p> <p>Our preference</p> <p>Long positions above 0.6435 with targets at 0.6475 &amp; 0.6495 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1.4080 </p> <p>Our preference</p> <p>Short positions below 1.4080 with targets at 1.4005 &amp; 1.3970 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 0.9745 </p> <p>Our preference</p> <p>Short positions below 0.9745 with targets at 0.9720 &amp; 0.9710 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 107.40 </p> <p>Our preference</p> <p>Short positions below 107.40 with targets at 107.10 &amp; 106.95 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1.2185 </p> <p>Our preference</p> <p>Long positions above 1.2185 with targets at 1.2240 &amp; 1.2265 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1.0790 </p> <p>Our preference</p> <p>Long positions above 1.0790 with targets at 1.0820 &amp; 1.0835 in extension.</p> <p>Alternative scenario</p>

<h2>Gradual Recovery Underway in China</h2> <p>Recent data sets from China continue to point to a recovery, however, the improvements have only been gradual and suggest that the return to pre-virus levels of economic activity is going to take longer than first thought. Given that China was the first to move out of lock-down measur

<h2><span>Daily Market Outlook, May 15, 2020 </span></h2> <p><span><strong>Risk sentiment in the Asian market was broadly positive following the firmer close in US equity markets</strong>, although it has been under pressure most of this week. Futures point to a positive European open. Brent crude oil

<h2>Key Points from This Week</h2> <p><strong>RBNZ Signals Negative Rates Likely</strong></p> <p>The RBNZ increased the size of its QE program at its May monetary policy meeting this week by nearly double from $33 billion to $60 billion. Warning over the continued impact of the global economic downturn the