PLUS1
Currency
AU Employment Dispels Rate Cut Concerns (For Now)
18 Apr 2019 @ 18:37
Today’s employment data for Australia dispelled any immediate fears of a rate cut. Yet, if a certain correlation is to hold true, we could see unemployment rise and calls for a cut to return with it. Unemployment ticked higher to 5% (4.9% previously) but as this was in line with expectation, the markets took it […]
Ethereum (ETH) Price Analysis – April 17
18 Apr 2019 @ 05:53
ETHUSD Medium-term Trend: Bearish • Resistance Levels: $230, $240, $250 • Support Levels: $150, $140, $130 Ethereum’s price is in a bullish trend. On April 8, the bulls managed to bring ETH to a high of $187.98. The bulls faced resistance at the $184 level and as a result the price fell to […]
NZD Spikes Lower As Traders Price In A Live RBNZ Meeting In May
17 Apr 2019 @ 18:32
New Zealand CPI data missed them mark, instilling a blast of bearish volatility for NZD crosses as traders adjusted to the idea of a May cut. At 1.5% YoY, it’s the lowest CPI read since Q3 2018 and below their own target of 1.6% (markets today were expecting 1.7%). Furthermore, QoQ was just 0.1% vs […]
RBA Minutes Drives The Aussie Lower
16 Apr 2019 @ 18:10
The Australian dollar fell to the bottom of the pack following today’s RBA minutes, as traders questioned RBA’s confidence in their labour market forecasts. RBA held rates at 1.5% earlier this month and provided what appeared to be a fairly-balanced and neutral statement. We’d noticed that RBA remained confident in the labour market picking up, […]
CAD/JPY Squares Up To Its 200-day eMA
15 Apr 2019 @ 18:08
We’ve continued to monitor CAD/JPY’s potential to break higher, following its 3-wave correction and break of its channel. Having consolidated above its channel throughout last week, Friday’s range expansion candle saw the cross stop just shy of its 200-day eMA and 19th March high. Furthermore, it’s kept alive its potential for form an inverted head […]
Nikkei's Breakout Puts USD/JPY On The Radar
15 Apr 2019 @ 17:58
Renewed trade optimism and strong earnings from the US on Friday has seen Asia shares break broadly higher today, with the Nikkei 225 trading at its highest level since early December. We can see on the Nikkei 225 futures market that the trend structure is increasingly bullish, and today’s range expansion shows the index accelerating […]
Weekly COT Report - 15th April 2019
15 Apr 2019 @ 17:52
A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators. EUR traders extended their net-short exposure to their most bearish level since December 2016 Traders continue to bet on low volatility, with the VIX net-short exposure at its most bearish level since WTI net-long exposure its […]
XRP Long-term Price Analysis - April 14
15 Apr 2019 @ 05:30
XRPUSD Long-term Trend – Bearish • Distribution territories: $0.45, $0.50, $0.55 • Accumulation territories: $0.25, $0.20, $0.15 Roughly a week ago, XRP’s price was going down after it failed to break through the $0.40 mark during its bull run. Recently, the cryptocurrency traded at little over $0.35 for a few days, it has […]
DAX Consolidates Near 6-Month Highs
12 Apr 2019 @ 18:38
If the DAX can hold current support levels before breaking to new cycle highs, it could reaffirm the strength of its bullish channel. The DAX has seen some large swings around the 200-day eMA, although a decent trend structure is emerging within a bullish channel on the daily chart. Prices are consolidating near 6-month highs […]
EUR/USD Spikes Higher - A Sign Of Things To Come?
12 Apr 2019 @ 18:37
Around 1am London, EUR/USD spiked higher and, upon closer inspection saw the bid for Euro was broadly based. This leaves a potential bullish breakout on the cards for UK or US trading session ahead of the weekend. Whilst the driver is currently unknown, it may be related to Jerome Powell reportedly asserting “Fed independence” at […]
