The obvious near-term resistance here is the value area between the 100 and 200 SMAs. Whether this might be tested…
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Weekly data: commodities down as Delta caution increases
The pound seems to be standing at a crossroads with key technical references above and below, the 161.8% weekly Fibonacci…
Read MoreWeekly forex data: caution ahead of the Fed
The 61.8% area of the weekly Fibonacci fan seems to be quite a strong dynamic support from which a bounce…
Read MoreWeekly forex data: looking ahead to the ECB
Sentiment on the euro though is weak: strong data around the end of 2020 and beginning of 2021 have generally…
Read MoreWeekly forex data: inflation and retail sales in view
While a retest of the multi-year low around ¥6.36 doesn’t seem likely in the immediate future, a movement above the…
Read MoreWeekly forex data: trade and the NFP in view
Australian dollar-US dollar, daily The Aussie dollar has recovered somewhat against its American counterpart since last week as sellers’ initial…
Read MoreWeekly forex data: BoE to be watched after hawkish Fed
Price seems to have broken through the 61.8% area of the weekly Fibonacci fan with two daily closes in succession…
Read MoreWeekly forex data: all eyes on the Fed
The 161.8% weekly Fibonacci extension area based on the US dollar’s gains in March last year remains the key technical…
Read MoreWeekly forex data: key inflation and trade releases
Balance of trade from both countries plus of course American core inflation are the key releases to watch this week….
Read MoreWeekly forex data: markets look ahead to the NFP
The golden cross of the 50 SMA over the 100 a fortnight ago came ahead of more gains, although price…
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