dimanche 12 avril 2015
Morning View: New Week, Old Theme
Posted on 18:37 by nice news
The Euro and British Pound were again the biggest losers on Friday night with the Euro getting smashed for the 5th straight session to close at a 3 week low. With the Eurozone still struggling through QE and the British in the middle of an uncertain election race, the bears are firmly in control across both EUR/USD and GBP/USD.
The Aussie and Kiwi dollars have both held up better than their counterparts from the Northern Hemisphere, but both are at the bottom of ranges and all tucking back into descending channels (as you can see on the EUR/USD chart below), meaning we could be looking at further downside across the board this week.
We start the week on a quiet note today, with the only major release being Trade Balance data coming out of China. As is the case a lot of the time with Chinese data, the release is set as tentative so keep an eye on Twitter for further release news, especially if you’re trading the Aussie.
Monday:
CNY Trade Balance
Chart of the Day:
Something a little different to start the week with the Australian SPI200 market at the front of local trader’s minds as price approaches a major psychological. The SPI goes into this week just over 30 points short of the magic 6000 mark.
The Aussie and Kiwi dollars have both held up better than their counterparts from the Northern Hemisphere, but both are at the bottom of ranges and all tucking back into descending channels (as you can see on the EUR/USD chart below), meaning we could be looking at further downside across the board this week.
We start the week on a quiet note today, with the only major release being Trade Balance data coming out of China. As is the case a lot of the time with Chinese data, the release is set as tentative so keep an eye on Twitter for further release news, especially if you’re trading the Aussie.
Monday:
CNY Trade Balance
Chart of the Day:
Something a little different to start the week with the Australian SPI200 market at the front of local trader’s minds as price approaches a major psychological. The SPI goes into this week just over 30 points short of the magic 6000 mark.
Morning View: New Week, Old Theme
Categories: Morning View: New Week, Old Theme
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