A snapshot view of yesterday’s New York - London session with technical notes.
KEY EVENTS THIS WEEK:
Philly Fed Manufacturing Index above expectations at 17.8 and an 8-month high, unemployment slightly lower at 312k vs 318k previous but the CB Leading Indicator fell 0.1% short at 0.5% vs 0.6% expected.
UK industrial order expectations at a 6-month high
SNB keep rates on hold at
IMF warn the ECB that the Eurozone recovery is 'not strong enough' and should be ready for QE
FOREX:
DXY Potential bullish hammer above Weekly S1 pivot but resistance close by at 80.50; Bias is neutral
AUD/USD Holding above support at 0.9390 but lacked momentum from previous session with upper spike to warn of sideways trading
EUR/USD Shooting Star below 1.365 resistance zone to warn of sideways trading
GBP/USD Traded to its highest since Oct 2008 with continued bullish bias above 1.07
USD/CAD 6-month intraday-low closed marginally above 1.081; Near-term bearish but levels of support close by above 1.08
USD/CHF Potential bullish hammer above 0.89 support; Bias is neutral with resistance at 0.895 and support above 0.89
USD/JPY Intraday bias is bullish above 101.80 with resistance at 102.04
NZD/USD Small bearish inside day warns of sideways trading; However support at 0.870 so bullish above here
COMMODITIES:
Gold Most bullish day since Sep '13 and firmly above $1300; Bullish with intraday support at $307
Silver Closes at a 13-week high and on verge of confirming upside break of triangle
WTI Respected $105 support with Rikshaw Man Doji; Bullish above this support level
Brent Finds resistance at Monthly R3 Pivot; Bullish but favour a retracement