Key risk events today: China Fixed Asset Investment ytd/y and Industrial Production y/y; German Prelim GDP q/q; US Core Retail Sales m/m and Retail Sales m/m; US Prelim UoM Consumer Sentiment. (Previous analysis as well as outside sources – italics). EUR/USD: Thursday’s fleeting recovery attempt north of 1.08 fell flat as broad-based USD upside capped … Continue reading Friday 15th May: Technical Outlook and Review
Key risk events today: Australia Job’s Data; New Zealand Annual Budget Release; BoE Gov Bailey Speaks; US Unemployment Claims; BoC Gov Poloz Speaks. (Previous analysis as well as outside sources – italics). EUR/USD: The dollar index rose Wednesday, establishing a floor ahead of 99.50 and reclaiming 100.00+ status by the close. This guided EUR/USD southbound, … Continue reading Thursday 14th May: Technical Outlook and Review
Key risk events today: Australia Wage Price Index q/q; RBNZ Official Cash Rate, Monetary Policy Statement, Rate Statement and Press Conference; UK Prelim GDP q/q; UK GDP m/m; UK Manufacturing Production m/m; US Core PPI m/m and PPI m/m; Fed Chair Powell Speaks. (Previous analysis as well as outside sources – italics). EUR/USD: Organised in … Continue reading Wednesday 13th May: Technical Outlook and Review
Key risk events today: Australia NAB Business Confidence; US CPI m/m and Core CPI m/m. (Previous analysis as well as outside sources – italics). EUR/USD: The US dollar index kicked off the week on strong footing, rallying more than 1.00% and reclaiming 100.00+ status. The single currency has been relatively resilient, though is seen nearing … Continue reading Tuesday 12th May: Technical Outlook and Review
Overall, though, EUR/USD has been involved in a long-term downtrend since topping in early 2018. A nudge lower could see multi-year lows enter sight at 1.0635, while firming may eventually witness the 2020 yearly opening level at 1.1222 make a play.
