EUROPEAN INFLATION: Spain Core CPI Below Expectations
Feb-27 08:00
Spanish February preliminary HICP came in in line with expectations on the yearly rate at +2.9% Y/Y ...
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AUDUSD TECHS: Resistance At The 50-Day EMA Holds Firm
Jan-28 07:59
- RES 4: 0.6441 38.2% retracement of the Sep 30 - Jan 13 downleg
- RES 3: 0.6429 High Dec 12
- RES 2: 0.6384 High Dec 13
- RES 1: 0.6325/6331 50-day EMA / High Jan 24
- PRICE: 0.6252 @ 07:58 GMT Jan 28
- SUP 1: 0.6209 Low Jan 21
- SUP 3: 0.6165/31 Low Jan 17 / 13 and the bear trigger
- SUP 3: 0.6100 Round number support
- SUP 4: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
A medium-term bearish trend condition in AUDUSD remains intact and recent gains have stalled at resistance around the 50-day EMA, at 0.6325. The reversal lower suggests the possible end of the correction between Jan 13 - 24. A continuation lower would open 0.6131, the Jan 13 low and the bear trigger. On the upside, a clear breach of the 50-day average is required to signal scope for a stronger recovery.
GILTS: Cable tests session low
Jan-28 07:59
- Cable is slowly drifting back towards 1.2426 Yesterday's low, this is where it found some support ahead of 1.2423, the very short term 23.6% retracement of the last two Week's rally.
- This retracement level remains for now, but further downside traction will open to the figure and the support seen at 1.2387 (20 day EMA).
MNI: FRANCE JAN CONSUMER SENTIMENT 92
Jan-28 07:45
- MNI: FRANCE JAN CONSUMER SENTIMENT 92
