Monday, June 27, 2022

+850 Points Reached in EURAUD buy signal after breaking the the lower high (Top) of the descending channel
2 mins well spent

EURAUD Analysis

EURAUD has broken the lower high (Top) of the descending channel in the 4-hour timeframe chart.

After the confirmation of Upward movement EURAUD buy signal given.

EURAUD T1 on Jan07 g on Jan06 850 Points

EURAUD reached the take profit target successfully.

EURO: German Factory Orders rose above expected numbers

German Factory Orders rose to 3.7% MoM in November and a yearly basis 1.3% rise in November.

German Factory orders rose numbers shows Eurozone manufacturing activity improvements and inflation going to increase as more consumption from the public.

EUR Machine building plant of the company Karcher Alfred Karcher GmbH Co. KG Assembly cleaning machines WINNENDEN GERMANY

Contracts for Goods made in Germany jumped to 3.7% on the month vs 2.1% expected and -5.8% last month.

Germany factory orders made less impact on EURUSD last day, Despite US FOMC meeting minutes dragging the gains of Euro against US Dollar.

Australian Dollar: China Services PMI came at higher than expected

For December, China’s Caixin Composite PMI came at 53.0 versus 51.2 expected, and Services PMI came at 53.1 versus 52.1 expected.

But Australian Markit Services PMI came at 55.1, lower than 55.7 previous reading.

Australian Markit Services PMI came at 55.1 lower than 55.7 previous reading

And Omicron variant waves spread fast in Australia but Vaccinated people were affected in meagre numbers.

That increased social distancing and tightening restrictions will be rolled back if the Omicron variant proves to be less deadly than the Delta variant.

Last Day FOMC meeting minutes make Risk aversion in Global markets, and US Dollar makes stronger than counterparties.

China’s Premier speech

China’s Premier Li Keqiang said further cuts on taxes and fees on businesses would support the Economy recovery in this pandemic time.

And Total of 8.6 trillion yuan ($1.35 trillion) taxes and fees have been cut since 2016.

Hefty scale tax and fee cut policies are the keys to macroeconomic control.

So, this type of policy only makes more Economy consumption; businesses run in pandemic times and Sales

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