Tools for Traders Top Movers | Heat Map | Pivot Point | Pivot Meters | Action Bias | Volatility Charts Action Insight Daily Report: US Treasury Mnuchin in Trade Talk with China, But No One is Cheering Yet The financial markets opened the week rather quietly. Nikkei and KOSPI opened lower and turned black as the session went on. But other major Asian indices stayed slightly in red. US is apparent in talk with China on trade agreement. But no one in the markets is cheering for it at this stage. In the currency markets, commodity currencies are generally higher. New Zealand dollar is leading the way on solid trade performance in February. Yen is paring its recent gains broadly as risk aversion is not intensifying. Markets could turn more quiet in a holiday shortened week. Technical Outlook AUD/USD Daily Outlook Daily Pivots: (S1) 0.7672; (P) 0.7708; (R1) 0.7729; More... AUD/USD continues to stay in consolidation above 0.7671 temporary low and intraday bias remains neutral. Near term outlook stays bearish with 0.7915 resistance intact and fall from 0.8135 is expected to extend. Break of 0.7671 will turn bias to the downside for 0.7500 key support level next. However, break of 0.7915 resistance will indicate near term reversal and turn focus back to 0.8135 high instead. Suggested Readings EUR/USD Bullish Medium Term Above 1.2250 USDCAD At A Strong Downward Trend Line Manic Monday Or Just Singing The Stock Market Blues? U.S. and China Fire Shots Across The Tariff Wall Weekly Economic and Financial Commentary: Fed Rate Hikes Remain on Path The Weekly Bottom Line: Markets Hurt by Tough Trade Talk US Dollar Falls as Trade War Anxiety Triggers Flight to Safety Week Ahead: Continued Focus on Trade and Politics Amid Light Data Schedule Week Ahead – Trading to Wound Down ahead of Easter; Dollar to Seek Support from Fed Speakers Economic Data
|
 |
| |
