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News

WTI pulls back to $67.00 even as Saudi Arabian news, US stimulus probe October 2018 top

WTI eases after week-start gap-up to multi-month high. Saudi Arabia increases oil prices for Asia, Iran-backed Houthi rebels said they targeted Saudi oil ports. US Senate passage $1.9 trillion covid stimulus, House is expected to vote on Tuesday. Risk news will be the key amid a light calendar. WTI wavers around $67.00, following its run-up
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USD/JPY idles in the 108 territory as markets weigh the underlying funda

USD/JPY meets resistance in the open this week as traders weigh the underlying of the US economy. Weekly support is in focus within the heavily bid environment.   After the heavy bid in the greenback at the end of the week’s sessions following Federal reserve’s Chair Jerome Powell’s comments, the yen is showing some resilience as the mighty
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Japan Trade Balance – BOP Basis fell from previous ¥965.1B to ¥-130.1B in January

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EUR/CAD: Bulls in play until 4-hour resistance

EUR/CAD bulls about to step-up at critical monthly demand.  The 4-hour chart offers an upside confluence target at a daily 61.8% Fibo. There is little downside potential left in this cross as the bears penetrate the deep supply on the monthly chart. The following top-down analysis illustrates where the next bullish play could unfold. Monthly
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Japan Current Account n.s.a. came in at ¥646.8B below forecasts (¥1229.6B) in January

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Japan Bank Lending (YoY) up to 6.2% in February from previous 6.1%

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Technical analysis

USD/RUB intraday: the downside prevails as long as 74.534 is resistance

Our pivot point stands at 74.534. Our preference: the downside prevails as long as 74.534 is resistance. Alternative scenario: above 74.534, look for 74.872 and 75.074. Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its

NZD/USD intraday: the upside prevails as long as 0.7146 is support

0.7146 is our pivot point. Our preference: the upside prevails as long as 0.7146 is support. Alternative scenario: the downside breakout of 0.7146 would call for 0.7115 and 0.7097. Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20

GBP/JPY intraday: the upside prevails as long as 149.63 is support

Our pivot point is at 149.63. Our preference: the upside prevails as long as 149.63 is support. Alternative scenario: below 149.63, expect 149.26 and 149.03. Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20

EUR/RUB intraday: the downside prevails as long as 88.840 is resistance

Our pivot point is at 88.840. Our preference: the downside prevails as long as 88.840 is resistance. Alternative scenario: the upside breakout of 88.840, would call for 89.250 and 89.490. Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the

EUR/GBP intraday: the downside prevails as long as 0.8623 is resistance

Our pivot point is at 0.8623. Our preference: the downside prevails as long as 0.8623 is resistance. Alternative scenario: the upside breakout of 0.8623, would call for 0.8641 and 0.8652. Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the

USD/ZAR intraday: as long as 15.2640 is support look for 15.5450

15.2640 is our pivot point. Our preference: as long as 15.2640 is support look for 15.5450. Alternative scenario: below 15.2640, expect 15.1640 and 15.1050. Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its

Daily Market Comment

CIX 3915 en DMB 2021-03-05

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!   Daily Market Brief March 5, 2021       Here are today’s directional

CIX 3907 en DMB 2021-03-04

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!   Daily Market Brief March 4, 2021       Here are today’s directional

CIX 3899 en DMB 2021-03-03

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!   Daily Market Brief March 3, 2021       Here are today’s directional

CIX 3891 en DMB 2021-03-02

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!   Daily Market Brief March 2, 2021       Here are today’s directional

CIX 3883 en DMB 2021-03-01

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!   Daily Market Brief March 1, 2021       Here are today’s directional
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CIX Markets. Where the client comes first.