<p>Pivot (invalidation): 1.2515 Our preference Short positions below 1.2515 with targets at 1.2455 & 1.2430 in extension. Alternative scenario Above 1.2515 look for further upside with 1.2540 & 1.2570 as targets. Comment The RSI calls for a new downleg.</p> <p>The post <a rel="nofollow" href="https://ww
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EUR/USD Under Pressure
<p>Pivot (invalidation): 1.0880 Our preference Short positions below 1.0880 with targets at 1.0845 & 1.0830 in extension. Alternative scenario Above 1.0880 look for further upside with 1.0900 & 1.0920 as targets. Comment As Long as the resistance at 1.0880 is not surpassed, the risk of the break below 1.0845 remains high.</p>
Currencies: Dollar To Keep ‘By Default’ Bid? EUR/USD Picture Remains Fragile
<p>Rates: Q1 earnings to determine market sentiment Asian stock markets don’t build on Friday’s WS momentum. Core bonds remain in demand. The eco calendar is meagre, suggesting corporate earnings might determine sentiment. Focus turns to EMU PMIs and the EU Summit on Thursday. Global plans to reverse the current lockdown a
China: Economy to expand “just” 1.8% in 2020 – UOB
Economist Ho Woei Chen, CFA at UOB Group assessed the recently published GDP figures in the Chinese economy. Key Quotes “China’s 1Q2020 GDP came in wo
GBP/USD: A three-pronged attack
GBP/USD has kicked off the week under pressure amid criticism over the UK's coronavirus management. FXStreet’s analyst Yohay Elam reports. Key quotes
USD/JPY: Mild downside tilt – Credit Suisse
USD/JPY remains in a short and broader medium term range, with 106.92 and 108.00/08 the key short-term levels, per Credit Suisse. Key quotes “USD/JPY
USD/CHF Price Analysis: Remains capped near 100-DMA, symmetrical triangle confluence resistance
USD/CHF continued with its struggle to move back above 0.9700 mark. The set-up warrants some caution before placing fresh directional bets. The USD/C
EUR/USD in daily highs, approaches 1.0900
The single currency has started the week on a firm note, prompting EUR/USD to test the upper end of Monday’s range near 1.0900. EUR/USD looks to COVID
GBP/JPY: Turning down – Credit Suisse
Analysts at Credit Suisse take a look at the GBP/JPY technical picture, which shows the pair pointing down. Key quotes “GBP/JPY seems to be rolling ov
BOE’s Broadbent sees 'powerful demand effects' as a result of the virus impact
Key quotes Coronavirus crisis is quite unlike a normal cyclical downturn Hard to think distinctly about the hit to demand, supply Sees 'powerful deman