Blogs

<p>Pivot</p> <p>&nbsp;(invalidation): 7.1650 </p> <p>Our preference</p> <p>Long positions above 7.1650 with targets at 7.2290 &amp; 7.2550 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 0.6395 </p> <p>Our preference</p> <p>Long positions above 0.6395 with targets at 0.6430 &amp; 0.6450 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1.4110 </p> <p>Our preference</p> <p>Long positions above 1.4110 with targets at 1.4175 &amp; 1.4200 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 0.9730 </p> <p>Our preference</p> <p>Long positions above 0.9730 with targets at 0.9765 &amp; 0.9785 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 106.00 </p> <p>Our preference</p> <p>Long positions above 106.00 with targets at 106.40 &amp; 106.65 in extension.</p> <p>Alternative scenario</p>

<p>Based on estimates, tomorrow’s unemployment report for April 2020 is expected to be one of the worst on record. Econoday has the consensus estimate at 21.5 million lost jobs in April, within a range of 8.6 to 30 million. There is no prior figure that can provide context for these drops as even the financial […]

<p>The Bank of England held a regular meeting today and decided to leave parameters of the monetary policy unchanged. No one expected changes, but markets wanted to get some clues about possible extension of the QE program. As you may know BoE launched the program in March, the planned volume of purchases was 200 billion […]

<h2>PMIs Plunge To Record Lows</h2> <p>The true damage to the health of the eurozone economy, caused by COVID-19, has become clearer still this week in light of the latest data. The composite PMI (Purchasing managers’ index) printed a ready of just 13.5 in April, plunging to new all-time lows from the prior record set in […

<h2>Recovery Rally Marches On</h2> <p>The CFCT COT position report showed that investors increased their net long exposure by 35% last week, with the total upside position rising to a fresh 16 week high. Long positions have been building steadily following the explosive rout seen at the end of April when the continuous futures con

<p>Good day!</p> <p>The price of the EUR/USD has dropped all the way from the 1.1000 level, gaining the support at 1.0778. At that, the asset’s price has been already gaining support at the 1.0778 level as it has done quite a few times, thus giving a possible indication that the currency pair is likely to […]