Technical Analysis

Australian dollar chart via Société Générale, and an interesting (albeit) brief commentary too:  Flash crash in January brought AUD/USD towards 2016 trough of 0.6825 after which it has witnessed a hesitant rebound. It remains unable to reclaim the multi-decade trend near 0.73/0.7396, also the high of December 2018. This must be crossed for a larger
China rebound a catalyst for the gains The China PMI data was much better than expected. Coupled with the hopes for a China deal and fear that investors are underinvested and scared of missing a run higher. The snapshot now is showing: S&P up 19.24 points or 0.68% at 2853.64 Nasdaq is up 66.43 pointe
Shares see gains in the 1st quarter The European shares are ending the session and week higher.  German DAX, +0.76% France’s CAC, +0.87% UK’s FTSE, +0.71% Spain’s Ibex, +0.77% Italy’s FTSE MIB, +0.97% The quarterly change are also looking good: German DAX ends March flat but up 9.2% in Q1.  That is the best since
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EUR/USD down 33 pips on the day The euro is stuck near the lows of the day at 1.1279 but hasn’t been able to break Friday’s low of 1.1273. It’s not a particularly notable level but it’s a short-term pivot and a spot to watch for signs of further USD demand, despite falling yields. ForexLive
Little changes in the major indices The European shares are ending the day with modest gains/losses:  German DAX,-0.1% France’s CAC, -0.1% UK’s FTSE, -0.3% Spain’s Ibex, +0.1% Italy’s FTSE MIB, -0.1% In the European debt market, yields are ending the session mixed. German 10 year yield remains below 0.0% at -0.028%. The high yield took