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Nylon Handover

Published 04/25/2014, 02:29 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
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GBP/USD
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USD/JPY
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USD/CHF
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AUD/USD
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USD/CAD
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NZD/USD
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UK100
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DJI
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DE40
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GC
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HG
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SI
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ESM24
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IXIC
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A snapshot view of yesterday’s events from the New York - London session...

- Draghi reitterated the openness to broad-based asset purchasing if consumer price  growth weakens enough to threaten any recovery 
- German IFO Business Climate survey beat expectations and sits back near 3-year highs
- US Core Durable orders hit an 18-month high at 2% vs 0.6% expected.
Performance 333

FOREX:

The NZD continued the bearish tones from the Asia session and now set to break key levels of support against JPYCAD and USD, so could be good pairs to mopnitor going into next week. 

AUD/USD reached our 'Dead Cat BOunce' target of 0.925; Below here targets 0.920 
EUR/USD Another day of whipsaws but still managed a 3rd bullish cloase and above 1.3825; Remains sandwiched between Weekly Pivot / R1 
GBP/USD Bullish Piercing line  
USD/CAD Continues to range between Weekly Pivot / R1 lacking any particular direction or momentum 
USD/CHF Hanging Man Reversal confirmed with a 2nd bullish close; Clings onto 0.88 support around Weekly/Monthly Pivots 
USD/JPY Confirmed previous day;s Hanging Man reversa; below Monthly Pivot. 
NZD/USD Bearish Outside day closed just beneath monthly pivot - downside loomws as yesterday's low breached swing low

Performance 334

INDICES:
NASDAQ Composite Rikshaw Man Doji
S&P 500 and Dow 30 Hanging Man Reversal
DAX Hanging Man Reversal suggests interim top in place; However larger pattern emerging is an inverted H&S (continuation in an uptrend) 
FTSE 100 remains below 6660 resistance with a Shooting Star Reversal

COMMODITIES: 
Gold Bullish Hammer and outside day respects $1278 support and near-term looks bullish
Silver supports the near-term strength on Gold with a volatile Doji; $19 target was finally hit but it was quite a shake-out when it got there 
Copper most bullish day since Dec '13 and now at top of upper bullish channel 
WTI continues to respect $101.30 support with 1st bullish close in 4 sessions
Brent  just shy of our $110.80 target but the convincingly bullish close confirms the pivotal low above $108.50

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