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| Update Time: 28 Apr 2025 13:58GMT |
WEEKLY USD/CHF OUTLOOK - +0.8200+ |
Despite Wed's rally fm a 15-month trough of 0.83
60 to 0.8583, y'day's selloff below said sup, then
break of 0.8333 (Dec 2023 near 9-year trough) con-
firms LT decline has resumed n weakness to 0.8200
target would be seen after consolidation, however,
0.8100 handle may hold due to oversold condition.
Trade fm short side for this move n only a daily
close abv 0.8350/60 indicates temporary bottom is
in place, risks retracement to 0.8455/65 later.
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| Rate: |
+0.8200+ |
| Strategy: |
+Target met+ |
| Position: |
+Short at 0.8560+ |
| Objective: |
0.8200 |
| Stop-Loss: |
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MARKET REVIEW ON 29 Apr 2025 01:14 GMT |
Dollar falls broadly ahead of US data, tariff uncertainty |
The following currency report was taken from LSEG :
The U.S. dollar slid across the board on Monday, as investors waited warily for further news of U.S. trade policy and braced for a week packed with economic data, which may initially provide an indication on whether U.S. President Donald Trump's trade war is hitting home.
"Today has been characterized by a correlation between the dwindling buck and doubt affecting equities," said Juan Perez, director of trading at Monex USA in Washington.
"While earnings will keep markets eag ...
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MARKET MOVING NEWS
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All times in GMT |
| 29 Apr 2025 |
02:25 |
Continues from previous update...
The House has 343 seats and if Carney only captures a minority, he will have to negotiate with other parties to stay in power. Minority governments in Canada rarely last longer than 2-1/2 years.
The result, though, capped a notable comeback for the Liberals, who h..... |
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| 29 Apr 2025 |
02:24 |
USD/CAD - 1.3817... LSEG reported Canada's ruling Liberals retained power in the country's election on Monday, but it is too soon to say whether they will form a majority government, CTV News and CBC predicted.
Prime Minister Mark Carney had asked for a strong mandate to help him handle U.S. Presi..... |
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| 29 Apr 2025 |
02:23 |
USD/CAD - 1.3815... LSEG news, CTV says :
- too early to say if Canada's ruling Liberals will form a majority or minority government
..... |
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ECONOMIC INDICATORS FOR 29/04/2025 |
All times in GMT |
| Time |
Country |
Indicator |
Actual |
Forecast |
Range |
Previous |
Revised |
|
| 2301 |
U.K. |
BRC Shop Price Index YY - Apr |
-0.1% |
N/A |
N/A |
-0.4% |
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Japan |
Market Holiday - Showa Day |
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EU |
ECB's annual conference |
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| 0600 |
Germany |
GfK Consumer Confidence - May |
-20.6 |
-26.0 |
-27.5/-23.0 |
-24.5 |
-24.3 |
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| 0700 |
EU |
ECB's Cipollone speaks |
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| 0740 |
EU |
ECB's Donnery speaks |
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| Update Time: 27 Mar 2025 05:28 GMT |
EUR/USD - 1.0779 |
Despite euro's rise to a 5-month peak of 1.0954 last Tue, loss of momentum and subsequent fall to 1.0778 Tue, then to 1.0745 in New York yesterday on renewed usd's strength suggests a temporary top is made and intra-day rebound would yield consolidation before prospect of another fall towards 1.0720/25, 1.0677/80.
On the upside, a daily close above 1.0820/30 would risk stronger retracement to 1.0858/61, break, 1.0890/95 later. |
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DAILY GBP/USD TECHNICAL OUTLOOK |
All times in GMT |
| Last Update At 01/11/2023 03:16 GMT |
| Trend Daily Chart |
Daily Indicators |
21 HR EMA |
55 HR EMA |
| Sideways |
Rising |
1.2147 |
1.2145 |
| Trend Hourly Chart |
Hourly Indicators |
13 HR RSI |
14 HR DMI |
| Near term down |
Neutral |
45 |
-ve |
| Daily Analysis |
| Consolidation with downside bias |
| Resistance |
Support |
1.2233 - Hourly chart
1.2201 - Tue's high
1.2175 - Mon's high | 1.2120 - Tue's low
1.2090 - Mon's low
1.2070 - Last Thur's low |
| . GBP/USD - 1.2141..Although cable rose fm 1.2138 in Asia to as high as
1.2201 in Europe on Tue, price erased intra-day gains n then tumbled to session
lows of 1.2120 in NY on renewed usd's strength b4 recovering to 1.2155.
. On the bigger picture, despite cable's brief break of 2016 post-Brexit
low of 1.1491 to a near 35-year trough of 1.1412 in mid-Mar 2020 on safe-haven
usd's dema..... |
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.png)
charts offered by ProRealTime.com |
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