EURGBP is facing bearish pressure as it continues to hold below moving average resistance. A break and close below Sell Entry, in line with horizontal swing low support, 61.8% Fibonacci retracement and 61.8% Fibonacci extension, could see price swing towards 1st Support, in line with horizontal swing low support and...
NZDJPY facing bullish pressure | 1st July 2021
NZDJPY is facing bullish pressure as it holds above moving average support and MACD holds above 0 line. We could see further upside above Buy Entry, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback support, towards Take Profit, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci...
Podcast: A new quarter dawns after Fed repo facility nearly hit $1 trillion
Today we look at whether the arrival of a new quarter can bring new dynamism to the US treasury market as the liquidity effects of ongoing Fed purchases combined with the US Treasury winding down holdings at the Fed and banks reducing their balance sheet size into quarter-end have dominated...
Market Quick Take – July 1 2021
US equities were flat after a weak European session yesterday and Asia chipped in with little enthusiasm overnight as China celebrated the 100th anniversary of the Chinese Communist Party, and the third quarter kicks off today with a backdrop of near-record highs in equities and rangebound treasury yields and fresh...
Why are NextGenerationEU bonds a game-changer?
Recent demand for NextGenerationEU bonds is impressively high. Real money regards them as a new European safe-haven, which can provide a pick up over Bunds. NGEU will be pivotal in harmonizing funding costs across the Euro area, but the spread compression will be uneven. We find that Italy will be...
AUDUSD Facing bearish pressure | 30 June 2021
AUDUSD holding below descending trendline resistance. A further drop below 38.20% Fibonacci retracement and our entry at 0.75548 towards Fibonacci confluence zone at 0.74333 could be possible. Our Fibonacci confluence zone finds -61.8% Fibonacci retracement and 61.89% Fibonacci extension levels lining up nicely as well. Technical indicators are also showing...
GBPJPY Facing bearish pressure | 30 June 2021
GBPJPY holding below descending trendline resistance. A short-term drop below 38.20% Fibonacci retracement and our sell entry at 153.213 towards graphical overlap support at 152.469 could be possible. Technical indicators showing room for further downside pressure as well. Any opinions, news, research, analyses, prices, other information, or links to third-party...
GBPNZD facing bullish pressure| 30th June 2021
GBPNZD facing bullish pressure from ascending trendline support, horizontal pullback support, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices push down further, prices might take support on horizontal overlap in line...
EURNZD approaching support, potential for bounce|30th June 2021
EURNZD is approaching support in line with horizontal swing low support, 38.2% Fibonacci retracement, and 100% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 100% Fibonacci extension and 88% Fibonacci retracement. If prices push down, prices might take support on horizontal pullback support in...
GBPCAD potential for further upside|30th June 2021
GBPCAD is approaching 1st support which is our horizontal overlap support in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. If prices continue to push down, prices might take support...