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  • Squawk / Just now
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD Resilient; Bias Remains Higher

    A high level consolidation to end the week Friday, holding above modest support at 1.1156 for a Monday upside bias.

    Moreover, the Thursday extension above 1.1249 produces a shift to a more bullish tone into May, after the previous break through 1.1053 set a base.

    For Today:
    We see an upside bias for 1.1290; break here aims for 1.1335, maybe for 1.1380.
    But below 1.1156 opens risk down to 1.1120/14, trend line/ chart support, which we would look to try to hold..

    Short/ Intermediate-term Outlook - Upside Risks:
    We see a more positive tone with the bullish threat to 1.1380.
    Above here targets 1.1449 and 1.1534.

    What Changes This? Below 1.0957 eases bull risks; through 1.0786 signals a neutral tone, only shifting negative below 1.0658.
    Momentum: The 8-day RSI, short-term momentum is correcting from OB.

    View the full EURUSD report: Screencasts, levels plus more - http://ow.ly/MsZhh
    See all our FX and all other reports here - http://t.co/W6ZzVGvY5g
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  • Article / 36 minutes ago

    3 Numbers: Spain recovery in swing, EU confidence, US factory orders

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Spain recovery in swing, EU confidence, US factory orders
    Signs of recovery are clearly visible in Spain – the latest evidence arrived with the first-quarter GDP report, which showed that Spain’s output grew 0.9% against last year’s fourth quarter. European investor confidence shows a similar upwards tick – but far more modest. Meanwhile, economists are looking for a Q2 rebound for US manufacturing.
    Read the article
  • Editor’s Picks / 1 hour ago

    Caution is the watchword for Asian central banks

    Nikkei Asian Review
    Emerging Asia is the envy of Europe. The IMF forecasts brisk GDP growth of 6.6% in developing Asia this year, compared with just 2.7% for central and eastern Europe. Yet what makes Asian growth economies all the more attractive for bond investors is that it is accompanied by sharp disinflation – and outright deflation in Thailand and Singapore – stemming mostly from the oil price collapse. Headline inflation is below target in almost all emerging Asian countries. This creates room for a further easing in monetary policy at a time when growth is slowing in several of the region's economies. Yet caution is the watchword for monetary policy in emerging Asia.
    Read article on Nikkei Asian Review
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  • Calendar event / 4 hours ago

    AU Building Approvals

    forecast
    actual
    Med Residential Building Approvals (MoM)
    +2.8%
    Med Residential Building Approvals (YoY)
    +23.6%
    Low Private Sector House Approvals (MoM)
    +1.1%