Author: Omada Admin
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Sunset Market Commentary
Markets The first quarter of the year ends completely different than how it started. US president Trump’s pro-growth policy agenda generated a lot of market optimism all the way through January-February. Then things started unravelling fast. Concerns grew over the US administration’s isolationist-protectionist stance, geopolitically and economically, while inconsistent communication & seemingly haphazard decision-making sows…
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USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8794; (P) 0.8814; (R1) 0.8829; More… Intraday bias in USD/CHF remains neutral as consolidations from 0.8757 is still extending. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200…
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GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2922; (P) 1.2945; (R1) 1.2968; More… GBP/USD is staying in consolidation below 1.3013 and intraday bias stays neutral. On the downside, below 1.2869 will bring deeper correction. But downside should be contained above 38.2% retracement of 1.2248 to 1.3013 at 1.2721. On the upside, break of 1.3013 will resume the rally from…
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EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0782; (P) 1.0813; (R1) 1.0862; More… No change in EUR/USD’s outlook and intraday bias stays neutral. On the upside, break of 1.0857 resistance will indicate that correction from 1.0963 has completed already. Retest of 1.0953 should be seen first. Firm break there will resume the rally from 1.0176 towards 1.1274 key resistance.…
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XAU/USD: Gold Hits New All-Time High Above $3,100
Gold surged through round-figure barrier at $3100 and hit new record high on Monday, with growing economic and geopolitical uncertainty continuing to strongly boost safe haven demand. US import tariffs which are due to start on Apr 2 and anticipated damage on global economy from escalation of trade war, as well as fragile geopolitical situation…
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AUD/USD and NZD/USD Struggle to Sustain Gains—What’s Next?
AUD/USD declined below the 0.6320 and 0.6300 support levels. NZD/USD is also moving lower and might extend losses below 0.5700. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh decline from well above the 0.6320 level against the US Dollar. There is a connecting bearish trend line forming with resistance…
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AUD/USD Mid-Day Report
Daily Pivots: (S1) 0.6275; (P) 0.6293; (R1) 0.6306; More… Intraday bias in AUD/USD is back on the downside with break of 0.6257 support. Fall from 0.6390 should now target 0.6186 next. Firm break there e will indicate that corrective pattern from 0.6087 has completed and larger fall from 0.6941 is ready to resume. For now,…
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EUR/AUD Mid-Day Outlook
Daily Pivots: (S1) 1.7146; (P) 1.7189; (R1) 1.7273; More… EUR/AUD’s rally accelerates today and break of 1.7270 resistance indicates that correction from 1.7417 has already completed at 1.7047. Intraday bias is back on the upside for 1.7417. Form break there will resume larger up trend, and target 61.8% projection of 1.6355 to 1.7417 from 1.7047…
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USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 149.26; (P) 150.23; (R1) 150.79; More… Intraday bias in USD/JPY remains on the downside for the moment. Corrective recovery from 146.52 should have completed at 151.20. Deeper fall should be seen to retest 146.52 low next. Firm break there will resume whole decline from 158.86 towards 139.57 support next. For now, outlook…
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Global Markets Plunge, Aussie Down Ahead of RBA
Risk aversion is sweeping through global financial markets today, with equities across Asia and Europe plunging ahead of the US’s so-called tariff “Liberation Day” on April 2. The selloff began in Asia, and continued through European Session. US futures are also pointing sharply lower, with the tech-heavy NASDAQ bearing the brunt of the pressure. Meanwhile,…