Despite higher rates in the past week, US mortgage activity picked up slightly after a sharp fall in the week before that. Both purchases and refinancing were higher but overall, the levels are still very low following the massive slump last year.
This article was written by Justin Low at www.forexlive.com.
For dollar bulls, they have survived this instance a couple of times already in the past two weeks. I have been posting about these levels previously below:
The dollar had recovered some poise in the past week but is seen slipping again this week and we are running up against the key technical points highlighted in the above posts.
EUR/USD is once again trying to hold on to a firm break above 1.1000 with key weekly resistance still seen around 1.1033 for now. Adding to that is the recent highs around 1.1067-75 that is helping to keep the dollar from breaking apart.
Meanwhile, GBP/USD is trading up by 0.5% to 1.2470 now (the high earlier clipped 1.2485) with buyer setting their sights on the 1.2500 mark once again. The figure level remains a key challenge on both the daily and weekly charts and it will require a firm break above that to really convince of a further upside extension towards the May highs from last year around 1.2660 next.
This article was written by Justin Low at www.forexlive.com.
On the daily chart below, we can
see that the big bullish momentum since the collapse of the Silicon Valley Bank
has ended. The market now is pulling back after such a strong rally and the
most likely support is the trendline where we will also find the 50%
and the 61.8% Fibonacci
retracement levels. The moving
averages are also on the verge of a cross to the downside as the consolidation
around the 2000 level has been going on for over a week.
XAUUSD technical analysis
On the 4 hour chart below, we can
see that the price has been diverging with the MACD trading within the rising
channel. Now that the price has broken out, we are likely to see a correction
to the base of the channel which comes exactly at the 50% Fibonacci level. At
the moment we are seeing a rangebound price action with the support at the 1982
level holding strongly.
On the 1 hour chart below, we can
see the current range between the support at 1982 and the resistance at 2022. The buyers will need to
see the price breaking above the top of the range and entering again within the
channel to pile in and target the high at 2087.
The sellers, on the other hand,
will want to see the price breaking below the support at 1982 to target the 50%
Fibonacci level. Tomorrow we will see the US Jobless Claims report, which has been a market
moving event lately. If the data miss expectations, we should see a rally in
gold while a beat should send the price lower.
This article was written by ForexLive at www.forexlive.com.
Die EVG lehnt das verbesserte Angebot der Bahn als nicht verhandlungsfähig ab. Der Bahn-Personalvorstand hingegen spricht vom höchsten Angebot in der Geschichte des Konzerns.
Im ersten Quartal hat der Dax-Konzern seine Erlöse kräftig gesteigert. Symrise steht jedoch weiterhin unter dem Verdacht, Preise abgesprochen zu haben.
Der Sportartikelhersteller hat mit einer etwas schwächeren Entwicklung in Nordamerika und hohen Lagerbeständen bei den Händlern zu kämpfen. Dafür gelingt die Wende in China.
Deutschlands Mittelständler leiden unter den steigenden Finanzierungskosten. Es wird gespart, geknausert, Außenständen hinterhertelefoniert und Kundenservice eingeschränkt.
Aufgrund einer Prüfung rund um das Geschäft mit der Gutschein-Tochter Jochen Schweizer mydays, musste die Mediengruppe ihren Zahlenausblick verschieben. .