#Head and Shoulder Pattern #Trendline Breakout #You must follow fundamental issues of UK
Strong demand zone + Trendline reversal + Engulfing+ Aussie Fundamental Analysis
1. The era of overactive BOJ intervention is over. 2. Capital managers buy JGBs on an unhedged basis. 3. CHF is also no longer an EU-specific safe haven strategy. 4. Concerns about a US-Japanese trade war increase. 5. Widen trading band for 10-year yields or shorten the duration of assets purchased. 6. Kuroda starting to engineer the 10-year yield higher. 7. A...
It’s a quiet week ahead. Key stats are limited to wage growth and unemployment numbers due out on Tuesday. While the focus will be on the claimant count and wage growth figures, any uptick in the unemployment rate would weigh. Outside of the numbers, Brexit and political chatter from Parliament will continue to be the key driver for the Pound. The GBP/USD ended...
1) European data released these last few days was generally encouraging, underpinning the common currency. Services output was upwardly revised in April, investors' confidence improved, and retail sales ticked higher. However, the European Commission downgraded growth forecasts for this year and the next, leaving inflation ones unchanged. 2) US data, on the other...
**Canadian economic data may outperform, sinking AUD/CAD **AUD/CAD may extend losses given technical warning signs **2016 lows could catch the pair if it falls, holding as support
www.tradingview.com USD/CHF remains in positive territory despite a mixed risk profile in markets. **Chinese Foreign Ministry spokesman Geng Shuang told a briefing on Wednesday that working out disagreements over trade was a "process of negotiation" and that China was not "avoiding problems". **The Chinese reversal may give China hawks in the Trump...
PMIs continue to portray improvement in the world’s second-largest economy. The recent risk to the US-China trade deal dims optimism surrounding the welcome data.
Now Australia's market has been isolated, so here it seems that this situation may continue. Australia has become weak for a long time. Meanwhile, Japanese Yen continued to increase strength.