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February 27, 2024

Chart EUR/CHF Update: Extending pressure on 0.9545
Paying Article

February 27, 2024 9:17 AM UTC

Still little change, as prices extend (EUR-driven) pressure on resistance at the 0.9545 weekly high of 14 December

Chart USD/CHF Update: Balanced - daily readings leaning lower
Freemium Article

February 27, 2024 9:00 AM UTC

Still little change

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South Africa: Two Major Scenarios for Post-Elections
Paying Article

February 27, 2024 9:00 AM UTC

Bottom line: We foresee two possible outcomes of South African presidential elections on May 29, either a African National Congress (ANC) win or a coalition government. It appears ANC is at the risk of losing its majority as the recent polls suggest support for the ANC has dipped below 50%. Unless s

Chart EUR/GBP Update: Strong resistance at 0.8578
Paying Article

February 27, 2024 8:47 AM UTC

The anticipated break above 0.8547/50 has reached 0.8560

Chart EUR/USD Update: Limited scope above 1.0850/65
Paying Article

February 27, 2024 8:33 AM UTC

Cautious trade has reached resistance within congestion at 1.0850 and the 1.0865 Fibonacci retracement

Chart GBP/USD Update: Cautious trade - limited scope above 1.2700
Freemium Article

February 27, 2024 8:20 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious

Chart GBP/JPY Update: Extending gains
Paying Article

February 27, 2024 7:52 AM UTC

Pressure remains on the upside with break of the 190.00 to reaching fresh high at 191.32

USD, EUR, JPY flows: Steady picture, JPY still vulnerable
Paying Article

February 27, 2024 7:52 AM UTC

Steady picture. JPY recovers a little after Japanese CPI. EUR range bound

Chart AUD/JPY Update: Room for deeper corrective pullback
Paying Article

February 27, 2024 7:33 AM UTC

No follow-through on break of the 98.60 support but consolidation below the 99.05 high see scope deeper pullback

Chart EUR/AUD Update: Extend choppy trade above 1.6455 support
Paying Article

February 27, 2024 7:16 AM UTC

Choppy trade above the 1.6455 support has given way to bounce to retest the 1.6600/20

Chart AUD/NZD Update: Extending bounce from 1.0585/1.0560 support
Paying Article

February 27, 2024 6:54 AM UTC

Turned up from the 1.0585/1.0560 support as prices unwind the deep oversold intraday and daily studies

Asia Summary and Highlights 27 Feb
Freemium Article

February 27, 2024 6:12 AM UTC

Japan January Headline y/y CPI 2.2% from 2.6% in December , ex fresh food 2.0% from 2.3% and ex fresh food & energy at 3.5% from 3.7%.
ABC media reports that China will remove tariffs on Australian wine at the end of March

FX Daily Strategy: Europe, February 27th
Paying Article

February 27, 2024 6:09 AM UTC

Japan National CPI Beats Estimate
JPY to stay weak on the crosses, but downside limited
EUR to watch consumer confidence data
US data unlikely to have much impact

AUD/USD flows: Erased earlier losses on sings of warming Chinese relationship
Paying Article

February 27, 2024 6:08 AM UTC

ABC media reports that China will remove tariffs on Australian wine at the end of March

USD/JPY flows: Headline and ex fresh food CPI Stays on 2%
Paying Article

February 27, 2024 5:52 AM UTC

Japan January Headline y/y CPI 2.2% from 2.6% in December , ex fresh food 2.0% from 2.3% and ex fresh food & energy at 3.5% from 3.7%.

Chart USD/INR Update: Range-bound above 82.8440 low and 200-day MA
Paying Article

February 27, 2024 5:01 AM UTC

Little change, as prices holds a narrow range above 82.8440 low and 200-day MA

Chart USD/CNH Update: Extending corrective bounce
Paying Article

February 27, 2024 3:14 AM UTC

Regaining the 7.2000 level see room for stronger gains to extend bounce from the 7.1810 low

Chart USD/IDR Updates: Extending consolidation above 15550 support
Paying Article

February 27, 2024 3:04 AM UTC

Remains in consolidation above the 15550 support with choppy trade tracing out a flag pattern

Chart USD/THB Update: Limited on pullback, room for lower later
Paying Article

February 27, 2024 2:49 AM UTC

Still limited on probes below the 35.88 support but pressure building on the downside from the 36.20 highs

Chart USD/KRW Update: Range-bound above 1324.00 low
Paying Article

February 27, 2024 2:40 AM UTC

 Range-bound as prices turned up from the 1324.00 low to extend consolidation around the 1330.00 level. 

Chart USD/SGD Update: Consolidating below 1.3455/70 resistance
Paying Article

February 27, 2024 2:26 AM UTC

Drifting narrowly in range below the 1.3455/1.3470 resistance 

Chart GBP/USD Update: Consolidating test of the 1.2700 level, scope for break
Paying Article

February 27, 2024 2:10 AM UTC

 Failure to clear the 1.2700 level on retest see prices extending consolidation here.

Chart EUR/USD Update: Firmer in range, scope to extend gains
Paying Article

February 27, 2024 1:50 AM UTC

Higher in range as prices extend consolidation above the 1.0800 level 

Chart EUR/JPY Update: Extending gains, focus on 164.30 high
Paying Article

February 27, 2024 1:29 AM UTC

Consolidation at the 163.00 level has given way to break higher to retest late-November high at 163.72

Chart USD/JPY Update: Consolidating below the 150.88 high
Paying Article

February 27, 2024 1:03 AM UTC

Firm in consolidation above the 150.00 level to approach the 150.88 high.

Chart NZD/USD Update: Extending corrective pullback
Paying Article

February 27, 2024 12:39 AM UTC

Consolidation below the .6200 level has given way to pullback as prices unwind the overbought intraday and daily studies

Chart AUD/USD Update: Extending pullback from .6595 high
Paying Article

February 27, 2024 12:22 AM UTC

Leaning lower from the .6595 high of last week 

February 26, 2024

FX Daily Strategy: Asia, February 27th
Paying Article

February 26, 2024 10:00 PM UTC

Japan CPI to set the tone
JPY to stay weak on the crosses, but downside limited
EUR to watch consumer confidence data
US data unlikely to have much impact

North American Summary and Highlights 26 Feb
Freemium Article

February 26, 2024 8:44 PM UTC

Overview - A mostly quiet day for the USD saw EUR/JPY making gains.  

FX Daily Strategy: APAC, February 27th
Paying Article

February 26, 2024 4:20 PM UTC

Japan CPI to set the tone
JPY to stay weak on the crosses, but downside limited
EUR to watch consumer confidence data
US data unlikely to have much impact

Chart USD/CAD Update: Cautious trade - background studies positive
Freemium Article

February 26, 2024 4:06 PM UTC

Still little change, as mixed intraday studies keep near-term sentiment cautious

Chart AUD/USD Update: Leaning lower
Paying Article

February 26, 2024 2:28 PM UTC

Consolidation around 0.6560 has failed to make minor tests higher

Chart EUR/JPY Update: Extending gains
Paying Article

February 26, 2024 2:20 PM UTC

Choppy trade has given way to a fresh break higher

Chart USD/JPY Update: Balanced beneath strong resistance at 150.88/00
Paying Article

February 26, 2024 1:56 PM UTC

Little change, as prices extend consolidation

Chart USD Index DXY Update: Prices remain under pressure
Paying Article

February 26, 2024 1:41 PM UTC

Cautious trade just beneath congestion resistance at 104.00 is giving way to the anticipated drift lower

Preview: Due February 27 - U.S. January Durable Goods Orders - Aircraft to lead a sharp fall
Paying Article

February 26, 2024 12:59 PM UTC

We expect January durable goods orders to see a plunge of 6.5%, largely due to aircraft slipping sharply from two straight strong months. Ex-transport we expect an unchanged outcome in a pause after two straight gains of 0.5%. 

Chart USD/RUB Update: Break higher not sustained
Paying Article

February 26, 2024 12:58 PM UTC

The anticipated test of strong resistance at the 94.5925 Fibonacci retracement and congestion around 95.0000 has not been sustained

Chart EUR/PLN Update: Consolidation to give way to fresh losses
Paying Article

February 26, 2024 11:53 AM UTC

Little change, as prices extend cautious trade above support at the 4.3070 current year low of 1 February

Chart USD/ZAR Update: Consolidating - daily studies continue to strengthen
Paying Article

February 26, 2024 11:39 AM UTC

Little change, as prices extend consolidation

Chart EUR/CAD Update: Higher in EUR-driven trade
Paying Article

February 26, 2024 11:24 AM UTC

Choppy trade has given way to a EUR-driven run higher

Continuum Economics Calendar March 2024
Paying Article

February 26, 2024 11:23 AM UTC

Data and Events Calendar March 2024.

European Summary and Highlights 24 Feb
Paying Article

February 26, 2024 11:15 AM UTC

EUR/USD and particularly EUR/JPY made gains through the European morning session. 

Psychology for major markets Feb 26
Paying Article

February 26, 2024 11:11 AM UTC

Positive equity market tone keeping the JPY on the back foot. 

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24 Rate Easing Reduced and 2025 the Same
Paying Article

February 26, 2024 11:00 AM UTC

Bottom Line: 2024 official interest rate easing expectations in financial markets now look better aligned to baseline prospects from leading DM central banks due to good big picture progress towards inflation targets.   The start of ECB/BOE easing in Q2 and Fed easing in Q3 will likely see markets

Chart EUR/CHF Update: More positive above 0.9545
Paying Article

February 26, 2024 9:09 AM UTC

Little change

Chart USD/CHF Update: Consolidating - daily readings leaning lower
Freemium Article

February 26, 2024 9:02 AM UTC

Little change

Chart EUR/GBP Update: Immediate gains to remain limited
Paying Article

February 26, 2024 8:52 AM UTC

The anticipated test of congestion lows around 0.8525 is giving way to a bounce

Chart EUR/USD Update: Limited tests higher
Paying Article

February 26, 2024 8:37 AM UTC

Little change, as prices extend consolidation