EURUSD 1.0828: similar AT resistance line comes in around 1.0830 (also the initial target from the bounce off the low), just nicked. Break would confirm the end of the down episode.
US futures mixed, GOOGL beats, DXY lower ahead of US ADP, PCE Prices/GDP Advance & GBP awaits Budget
Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.
5 Things You Need to Know
European bourses opened in negative territory and continued to trundle lower as the morning progressed, Tech lags post-AMD
Stateside, futures are firmer but only modestly so with Alphabet supporting as AI bolstered cloud performance
DXY briefly dipped below the 104.00 mark, EUR aided by hawkish-data while GBP awaits the budget
USTs continue to gain after Tuesday’s 7yr into Refunding, Bunds weighed on by data
Crude firmer after the surprise inventory draw with specifics otherwise somewhat light, XAU at another ATH Try Newsquawk for 7 Days Free
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US futures mixed, GOOGL beats, DXY lower ahead of US ADP, PCE Prices/GDP Advance & GBP awaits Budget
Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.
5 Things You Need to Know
European bourses opened in negative territory and continued to trundle lower as the morning progressed, Tech lags post-AMD
Stateside, futures are firmer but only modestly so with Alphabet supporting as AI bolstered cloud performance
DXY briefly dipped below the 104.00 mark, EUR aided by hawkish-data while GBP awaits the budget
USTs continue to gain after Tuesday’s 7yr into Refunding, Bunds weighed on by data
Crude firmer after the surprise inventory draw with specifics otherwise somewhat light, XAU at another ATH
Current Pattern: 5 days in a row seeing the 1.08 level trade… while a break of this pattern would send a bullish signal EURUSD would need to make a firm move above 1.0873 to confirm.
Look for 1.0850 to now be pivotal.in setting the day tone.
Back below 1.0839 would cool the risk if it fails to become support.
If you are looking for a flow driving EURUSD demand, look at a EURGBP chart.
Expecting a primarily risk off environment from here until the US election. Sell side of EurJpy looks very good at present at current levels to hold barring surprises.