The weak Eurozone PMI data supports dovish ECB

EURUSD, H4 Eurozone preliminary PMI readings disappoint, with data showing that the manufacturing sector remains stuck in recession. The overall Eurozone manufacturing reading came in...

Aussie leads but negative factors are still in play

Forex markets have remained directionally unambitious. AUDUSD has been the main exception, with the pairing lifting by about 40 pips to within a whisker...

UK GDP Data In line but all a bit lacklustre

GBPJPY, Daily UK preliminary Q1 GDP met expectations with growth of 0.5% q/q, rebounding significantly from 0.2% growth in Q4. The y/y figure worked out...

USDZAR steady above 13.80, but still in a narrow range

USDZAR, H4 & Daily USDZAR has been moving sideways the past 2 days, within the range between the 50- and 200-day exponential moving average, at...

Safe havens remain in favor

USDCHF, H4 and Daily The Dollar is trading mostly weaker, with EURUSD punching out a two-month high within a whisker of 1.1500 while USDJPY dove...

Yen crosses update – Yen remains bid

AUDJPY and USDJPY Yen crosses have remained heavy with the Japanese currency remaining buoyed by safe have demand as the global stock rout took another turn...

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