EUR/USD Hit All Targets
4H Chart Daily Chart EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…
EUR/USD: gains further before key macro data
2021-05-31 • Updated
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAG/USD: Silver continuous to stand below 23.6% retracement area. Bullish pressure is growing during the last hours and before NFP.
EU Market View
Asian shares were trying to extend their recent gains to a third week on Monday in the hope critical U.S. jobs figures show the expected revival in hiring in May and keep the global economic recovery on track. Oil prices climbed in early Asian trade by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the OPEC+ meeting this week to see how producers will respond. Gold moves higher on Monday morning in Asia against a weaker dollar and lower bond yields after the worlds’ largest gold consumer China released key economic data. The dollar moves down but traded near a two-month high against the yen, on Monday morning in Asia. Investors digested mixed macro from China and strong inflation data from the U.S., while also expecting the U.S. Federal Reserve to start tapering its asset buying scheme.
EU Key Point
- China reportedly holds meeting on measures to cope with ageing population, optimizing birth policy.
- France's Le Maire: Convinced that economy will grow 5% this ye
- Japan May consumer confidence index 34.1 vs 33.0 expecte
- Heads up: Germany states' CPI readings due later toda
Similar
GBP: more strength to come?
The British pound has been notably strong over its peers recently. Will that lead to quick exhaustion of bulls? Not really. Read the article to know why.
Risk-on momentum remains strong
Asian equity markets were mostly positive as the region partially sustained the momentum from the tech-led gains on Wall Street.
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
