By Andrew M Spencer — Feb 01 - 07:00 PM
Up 0.1% as the USD initially dips, after closing up 1.2% with risk appetite
Building approvals lead data, poll +1% - interesting, unlikely market moving
Regional stocks to take the positive Wall Street lead - ASX 200 +0.6%
Expecting cautious trading ahead of BoE and ECB rate decisions tonight
Charts; momentum studies base, 21 day Bollinger bands head higher
5, 10 & 21 daily and weekly moving averages all climb - bullish setup
Strong close left a bullish hammer reversal on the daily candlesticks
This is an unusual strong positive signal - 0.6992 21 DMA is pivotal support
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary