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  • Squawk / 1 hour ago
    Business analyst
    United Kingdom
    EURJPY

    The primary trend of EUR/JPY is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA on the downside indicating downtrend of the pair.
    Resistance level of 122.55 and Support level of 121.70
    If it breaks its suppport level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

    INDICATORS:-
    MACD is sustaining in its negative territory indicating the bearish trend in the pair.
    RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

    STRATEGY: EUR/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
    Read the Squawk
  • Article / 2 hours ago

    3 Numbers: Another solid gain in US jobs likely, leaving Fed confused

    Blogger / MoreLiver's Daily
    Finland
    3 Numbers: Another solid gain in US jobs likely, leaving Fed confused
    One key release will liven up an otherwise slow day for news and data today – the US nonfarm payrolls figure. Another solid 200,000 gain is expected, but the weak ADP report raises some doubt. Meanwhile US consumer credit growth probably kept slowing down in March, which raises concerns about the US recovery. In forex markets, it looks like the EURUSD spike was just a yen-induced anomaly, and we're now back to range trading.
    Read the article
  • Calendar event / Wednesday at 9:00 GMT

    EU Retail trade

    forecast
    actual
    Med Retail Sales, M/M%
    -0.1%
    -0.5%
    Med Retail Sales, Y/Y%
    +2.1%
  • Article / Wednesday at 4:59 GMT

    3 Numbers: Eurozone retail sales on track to dip in today's March data

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Eurozone retail sales on track to dip in today's March data
    Eurozone sentiment data points to a slide in today’s hard data for retail spending in March, testing optimistic views about the potential for consumers to drive growth in the single currency area. In the US, the ADP estimate of private payrolls should deliver encouraging news at the start of the second quarter. And in forex markets, contrarians are watching for a reversal, but the slide in the US dollar against the yen is still rolling on.
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  • Article / Tuesday at 5:02 GMT

    3 Numbers: Upbeat Q1 may drive European Commission to lift GDP outlook

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Upbeat Q1 may drive European Commission to lift GDP outlook
    Last week’s upbeat GDP figure for the first quarter suggests there’s room for managing expectations up for the EU, so the European Commission may take the opportunity to give its growth forecast a welcome lift. In Britain, much is on hold until the Brexit vote is decided. The uncertainty could weigh on today’s April update of UK manufacturing sentiment. And on the other side of the Atlantic, US auto sales are expected to show a welcome rebound in the April report.
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  • Squawk / Monday at 6:33 GMT
    Business analyst
    United Kingdom
    EURJPY BEARISH

    The primary trend of EUR/JPY is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA downside indicating downtrend of the pair.
    Resistance level of 123.95 and Support level of 121.50
    If it breaks its suppport level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

    INDICATORS:-
    MACD is sustaining in its negative territory indicating the bearish trend in the pair.
    RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

    STRATEGY: EUR/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
    Read the Squawk