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5 Feb 2020

AUD/USD: Important bullish day ahead – Commerzbank

AUD/USD must be kept on track today as the pair should show signs of recovery, Karen Jones from Commerzbank analyses. 

Key quotes

“AUD/USD is attempting to stabilise ahead of the .6671 October low and yesterday charted a key day reversal. We should see further some signs of recovery towards .6800 and possibly the 200-day ma at .6867”

“The 2016-2020 support line lies at .6658, and these should ideally hold.”

“The market will need to close above January’s high at .6933 to alleviate downside pressure and reassert attention to the .7031 end of December high.”

 

Feb 5, 2020

EUR/USD: Just Lagarde can avoid falls – Elam

The return of the USD to its more classic safe-haven status makes the euro suffer. Lagarde’s speech could alleviate the weak position of the European
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Feb 5, 2020

United Kingdom Markit Services PMI above expectations (52.9) in January: Actual (53.9)

United Kingdom Markit Services PMI above expectations (52.9) in January: Actual (53.9)
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