GILTS: Off Lows As Wider Bonds Firm
Demand in wider core global FI markets has helped gilts away from session lows. * There has been li...
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AUDUSD TECHS: Fresh Cycle High
- RES 4: 0.6700 76.4% retracement of the Sep 30 ‘24 - Apr 9 bear leg
- RES 3: 0.6688 High Nov 7 ‘24
- RES 2: 0.6621 0.764 proj of the Jun 23 - Jul 1- 17 price swing
- RES 1: 0.6601 Intraday high
- PRICE: 0.6587 @ 14:33 BST Jul 23
- SUP 1: 0.6494/6455 50-day EMA / Low Jul 17
- SUP 2: 0.6435 23.6% retracement of the Sep 9 - Jul 11 bull leg
- SUP 3: 0.6373 Low Jun 23 and a bear trigger
- SUP 4: 0.6357 Low May 12
The trend set-up in AUDUSD remains bullish and this week’s gains reinforce current conditions. Today’s appreciation has resulted in a print above key short-term resistance at 0.6595, the Jul 11 high and bull trigger. This resumes the uptrend and sights are on 0.6688, the Nov 7’ 24 high. Support to watch is around the 50-day EMA, at 0.6494. A clear break of this EMA would highlight a stronger reversal.
MNI EXCLUSIVE: Former Fed Director Bill English Speaks About Rates
Former director of the Fed Board's division of monetary affairs William English speaks about rates, political pressures -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
US: Trump Underscores Willingness To Reduce Tariffs If Countries Open Markets
President Trump posts the following on Truth Social "I will always give up Tariff points if I can get major countries to OPEN THEIR MARKETS TO THE USA. Another great power of Tariffs. Without them, it would be impossible to get countries to OPEN UP!!! ALWAYS, ZERO TARIFFS TO AMERICA!!!"
