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Euro Price Forecast: EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD Key Levels 2021-04-08 02:00:00 Daniel Moss, Analyst
Euro Technical Analysis, EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD – Talking Points:
EUR/USD could extend gains after breaching Falling Wedge resistance.
EUR/JPY at risk of a reversal as prices carve out Double Top pattern.
EUR/NZD eyeing a more extended rebound higher after hurdling key resistance.
The under-fire Euro has sprung back to life in recent days and rebounded robustly against its major counterparts. While this dynamic looks set to continue against the higher-beta New Zealand Dollar, other funding currencies may regain lost ground in the coming days. Key levels to watch for EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD.
FTSE 100 Poised to Extend Gains Despite AstraZeneca Vaccine Concerns 2021-04-08 07:00:00 Daniel Moss, Analyst
FTSE 100, AstraZeneca Vaccine, UK PMI, UK Reopening, IGCS – Talking Points:
Equity markets were buoyant during APAC trade on the back of dovish FOMC commentary.
The UK benchmark FTSE 100 index may shrug aside coronavirus vaccine concerns and push to fresh post-crisis highs in the coming days.
Asia-Pacific Recap
Equity markets followed through on a relatively positive Wall Street session overnight in Asia-Pacific trade, as the release of the FOMC’s March meeting minutes reinforced the central bank’s commitment to maintaining its accommodative monetary policy approach.
Australia’s ASX 200, China’s CSI 300, and Hong Kong’s Hang Seng Index all marched higher, while tightening virus restrictions in Tokyo weighed on Japan’s Nikkei 225. In FX markets, AUD, NZD and GBP gained ground alongsid
British Pound Price Action Set-ups: GBP/USD, GBP/NZD, GBP/JPY, EUR/GBP 2021-04-06 02:00:00 Daniel Moss, Analyst
British Pound, GBP/USD, GBP/NZD, GBP/JPY, EUR/GBP – Talking Points:
GBP/USD eyeing a retest of the March highs.
RSI development hints at further gains for GBP/JPY.
Bull Flag pattern may lead to impulsive topside move for GBP/NZD.
Temporary relief rally on the table for EUR/GBP?
As mentioned in previous report, the British Pound has accelerated higher against its major counterparts in the first quarter of 2021, as markets priced in a faster-than-expected return to normality on the back of a highly-successfully vaccine distribution program and the diminishing prospect of additional monetary policy easing by the Bank of England.
DAX 30 Index Could Pullback on Recovery Fund Delay, AstraZeneca Shot Ban 2021-04-01 07:00:00 Daniel Moss, Analyst
DAX 30, EU Recovery Fund, AstraZeneca Vaccine, Coronavirus Cases, Restrictions – Talking Points:
Equity markets largely gained ground during APAC trade as investors mulled the prospect of additional US fiscal stimulus.
The delayed ratification of the EU Recovery Fund and a ban on AstraZeneca’s vaccine may weigh on the German DAX 30 index in the near term.
Asia-Pacific Recap
Equity markets gained ground during Asia-Pacific trade as investors digested President Biden’s $2.2 trillion infrastructure spending package proposal. Australia’s ASX 200 climbed 0.56% on better-than-expected retail sales data. Japan’s Nikkei 225 also moved higher, alongside Hong Kong’s Hang Seng Index and China’s CSI 300.