AUDUSD – Daily Chart The Aussie has made 3 rejections of the significant 0.7774 level, and the RSI is bearish. If price falls from here look for the fibonacci retracement levels of 0.214% and 0.382% as potential supports. The daily 50 moving average is currently at 0.7555, and looks to be approaching the 0.214 fibonacci …
USD There were many events last week that saw the USD being supported, as the 1.9 trillion Biden Stimulus package, which is being referred to as the ‘American Rescue Plan’, saw equities fall and move assets back into the dollar. This also saw gold fall as the USD appreciated. Another event that affected the USD …
Covid-19 continues to bring damage to the UK economy and the government is responding with fiscal policy. The United Kingdom is currently in a second lockdown, and new case numbers and the national death count is quickly rising. As the covid-19 pandemic continues to spread, British Chancellor Rishi Sunak has decided to postpone plans of …
Hi Traders, This week is relatively soft for high-impact news, with the majority of important events coming out of Australia. Aussie traders should watch their news feeds closely this week with rate statements, GDP data and RBA speeches dominating the economic calendar. What To Expect Today Positive PMI data has come out of China, with …
Our friends at Tonisignals have shared with us their economic outlook for the rest of the week, as a number of high impact economic events approach. During high impact events traders are more likely to experience slippage, so make sure you are aware of the events! The Week Ahead It looks like we could experience a …
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