MNI EXCLUSIVE: MNI SOURCES: ECB Closer To Dropping "Restrictive" Language

Nov-27 2024 08:06

MNI speaks to ECB sources about monetary policy --- On MNI Policy MainWire now, for more details please contact sales@marketnews.com

Historical bullets

AUDUSD TECHS: Bearish Moving Average Set-Up

Oct-28 2024 07:58
  • RES 4: 0.6942 High Sep 30 and the bull trigger    
  • RES 3: 0.6852/6889 High Oct 4 / 3             
  • RES 2: 0.6762 High Oct 9 
  • RES 1: 0.6709/6723 20- and 50-day EMA 
  • PRICE: 0.6601 @ 07:57 GMT Oct 28
  • SUP 1: 0.6576 61.8% retracement of the Aug 5 - Sep 30 bull leg
  • SUP 2: 0.6508 Low Aug 8
  • SUP 3: 0.6490 76.4% retracement of the Aug 5 - Sep 30 bull leg
  • SUP 4: 0.6472 Low Aug 6 

A bear cycle in AUDUSD remains intact and another fresh cycle high, today, reinforces the current condition. A key support at 0.6622, the Sep 11 low, has been breached. This strengthens a bearish theme and opens 0.6576, a Fibonacci retracement. Moving average studies also reinforce the current downtrend - they have crossed and highlight a bear-mode set up. Initial firm resistance to watch is 0.6723, the 50-day EMA.

GILTS: Opening calls

Oct-28 2024 07:57

Gilt Opening calls, set to gap lower, 95.58/95.62 range.

EQUITIES: EU Cash opening calls

Oct-28 2024 07:55

Estox 50: +0.68%, Dax: +0.49%, CAC: +0.54%, FTSE +0.31%, SMI +0.38%.