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German yields ended the day marginally lower yesterday, but US yields jumped on the back
GBPUSD – wave-(a) completes at 38.2% retrace; wave-(b) to 1.61/60
The ideal correction for Sterling is unfolding accordingly.
Gold Technical Analysis
The $1242.7 level remains key with bulls needing a close above to confirm an easing of bearish pressure.
USDJPY – below 108.65/26 signals correction to 107.39
The 4-hour chart shows a pivotal zone for support today as prices are testing the sharp up channel that contained wave-(iii).
Crude Oil Technical Analysis
With the contract having looked uncomfortable below $90.50 the result has been a bounce that saw a close
EURUSD – still stuck in downtrend below 1.2900; major support is 1.2755
The right divergences are in place for a bottom to form in Euro but
EUR/USD Analysis
The pair closed in NY Wednesday at $1.2780 after rate was pressed through barrier support at $1.2800 during the NY morning,
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6335 after rate eased off earlier recovery highs of $1.6414 to a low in
EuroStoxx50 Technical Analysis
The sell-off that dominated for the majority of this week came to an end Thursday with
AUD/USD Analysis
The pair sits 61bps lower on the day at $0.8824 after the RBNZ Governor Wheeler issued an
USD/JPY Analysis
The pair started at Y109.04 in Asia Thursday, the euro-yen cross at Y139.36, extended gains to session highs of
Daily Market Technicals
Bears remain firmly focused on the 2013 low and then the $1.2637-60 region below.
