SOUTH KOREA: DPK Early Favourites For Presidency After Yoon's Impeachment
Apr-04 08:49
A spox for the South Korean National Election Commission (NEC) says that acting President Han Duck-s...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
BUNDS: Some notable recovery off the lows in EGBs
Mar-05 08:48
- Some broader recovery in EGBs, and especially German Govies, some position adjustments likely at play.
- Looking at Volumes and ignoring the past two sessions since these were Spread related, Volume in Bund with over 500k lots traded in less than 2 hours since the Cash Open will be up there in terms of record, albeit not a all time record.
- Small initial resistance in Bund is at 130.22, Buxl look to test the overnight intraday high of 122.28.
MNI: ITALY FEB SERVICES 53.0 (FCST: 51.0); JAN 50.4
Mar-05 08:45
- MNI: ITALY FEB SERVICES 53.0 (FCST: 51.0); JAN 50.4
- ITALY FEB COMPOSITE 51.9 (FCST: 50.0); JAN 49.7
GBPUSD TECHS: Northbound
Mar-05 08:39
- RES 4: 1.2990 High Nov 8 2024
- RES 3: 1.2924 61.8% retracement of the Sep 26 ‘24 - Jan 13 bear leg
- RES 2: 1.2874 High Nov 12 ‘24
- RES 1: 1.2852 Intraday high
- PRICE: 1.2839 @ 08:38 GMT Mar 5
- SUP 1: 1.2679 Low Mar 4
- SUP 2: 1.2595 20-day EMA
- SUP 3: 1.2554 50-day EMA and a short-term pivot support
- SUP 4: 1.2440 Low Feb 13
The trend outlook in GBPUSD remains bullish and Tuesday’s strong gains reinforce this theme. Note that moving average studies have recently crossed into a bull-mode position, highlighting a potentially stronger bull cycle. The pair is again trading higher, today, and sights are on a climb towards 1.2924, a Fibonacci retracement. Initial firm support to watch is 1.2554, the 50-day EMA.
