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10 Mar 2023

EUR/USD: Prone to renewed softness on the charts – Scotiabank

EUR/USD is trading modestly higher. However, economists at Scotiabank note that technicals are leaning bearish for the pair.

Key support aligns at  1.0535

“The EUR’s rebound from the mid-week low (equating to a test of the 100-Day Moving Average at 1.0536) may be faltering. Intraday price action suggests a peak/reversal developed, with the EUR topping out via a bearish outside range session on the 6-hour chart around 1.0605 (resistance).” 

“Intraday losses are pressuring minor support around 1.0585 and should extend more obviously below 1.0575.”

“Key support is 1.0535.”

 

Mar 10, 2023

EUR/JPY Price Analysis: Next target on the upside remains at 146.70

EUR/JPY leaves behind Thursday’s marled retracement and briefly surpasses the 145.00 hurdle on Friday. While further range bound trading seems likely
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Mar 10, 2023

Malaysia: Unemployment ticked lower in January – UOB

Senior Economist Julia Goh and Economist Loke Siew Ting at UOB Group comments on the recent publication of the labour market report in Malaysia. Key T
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