Euro, EUR/USD, US Dollar, AUD/USD, RBA, Crude Oil, ECB, BoJ – Talking Points
- Euro remains above 1.0100 as markets question USD strength.
- APuncleSecurities Lower as AUD pulls cu commoditiesrrencies climb
- All eyes are on ECB from Thursday.Wsick A rise in EUR/USD?
The euro had a solid start to the week as the US dollar weakened on perceptions that the Fed’s rate hike path might peak in expectations.
during the asian session We have seen most equity markets decline as growth and commodity-linked currencies move north. The Japanese stock market is an exception. with a slight movement in the green
The Australian dollar was driven by RBA meeting minutes Exposing their frauds before the very strong domestic disclosure since that meeting, Kiwi goes hand-in-hand while Looney and Bird are not enchanted.
Commodities are still reeling following the force majeure of Russian company Gazprom on some European gas customers.
Yesterday’s crude oil gains were largely intact. The WTI futures contract is trading above $102 today. And the Brent contract is close to $106 once more.
Gold continues to weaken near $1710 an ounce. Treasury yields remain relatively benign, with the 2-10 year portion of the curve inverted by regarding 18 basis points.
Treasury International Capital (TIC) data released overnight showed China’s holdings of Treasuries fell below $1 trillion.
There are some reports coming out of China that mortgage holders may have a grace period for repayment and that builders can get funding to complete existing projects.
look forward today After UK jobs data, Eurozone CPI data will be released. a week later The focus will remain at the ECB and BoJ meeting on Thursday.
You can view the full economic calendar. here.
Technical analysis EUR/USD
EUR/USD has returned above the level and crossed above 10 days. Simple Moving Average (SMA) This may suggest a pause in the short-term bearish momentum.
Day 21 is still long from the price. which is below potential resistance at 1.0340 – 1.0360
The descending trend channel remains intact and the entire SMA maintains a negative gradient. Support might be at the weekly close at 1.0008 or at last week’s low of 0.9952.
chart cMentioned in TradingView
— Written by Daniel McCarthy, DailyFX.com strategist.
To contact Daniel Use the comments section below or sergeant on twitter
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