Sterling leading USD strength with negative tones from UK chancellor Sajid Javid. Bearish head & shoulders patterns continue to depress EURUSD and AUDUSD. Overnight oil volatility following supply...
On EURNZD we are observing a five-wave move to the downside, with price ending a wave 4) correction of three within the trend.
EURUSD looks to decline after selling off on Friday. Resistance comes in at the 1.1200 where a break will turn risk to the 1.1150 level.
Based on 4 algo trading strategies developed with the Strategy Factory approach and 3 indicator based algo strategies, the current position bias for Euro Currency is BEARISH.
We use these levels to gauge the possibility of a range for the intraday session
We see stocks breaking to new highs, SP500 futures already at 3320, but Dax seems to be lagging.
The downtrend may be expected to continue, while pair is trading below resistance level 1.1190, which will be followed by reaching support level 1.1146
Stock index futures are higher, with S&P 500 and Dow futures at new record high, as traders focus on company earnings.
...highlights the scale of the rallies that take place before a price reversion event.
Financials: Mar. Bonds are currently 0’6 higher at 158’22, 10 Yr. Notes 0’2 higher at 129’13.5 and 5 Yr. Notes 0’01.5 at 119’00.5. This put [...]
There was nothing in the Beige Book to suggest a change in Fed policy. Even with the signing of the trade deal between the United States and China on Wednesday, Fed policymakers are likely to maintain...
Based on the early price action and the current price at .6904, the direction of the AUD/USD the rest of the session on Thursday is likely to be determined by trader reaction to .6920.
The EURUSD edged higher yesterday with the US-China trade deal phase one details release being largely a non-event. Significantly, the EURUSD is beginning to hesitate going into today's busy news day,...
Stock index futures are lower, as optimism on the U.S.-China trade deal was tempered by U.S. Treasury Secretary Steven Mnuchin saying tariffs on Chinese products would remain in place for now.
Trade idea for forex and currencies
After a spectacular Tuesday rally, its a mixed start to the day as investors look for direction. A Bitcoin move through to $9,000 would deliver a boost.
Bitcoin (BTCUSD) rallies in impulsive structure from Dec 18, 2019 low. The cycle however is near complete and it can soon see a 3 waves pullback.
Taking a look at the week ahead. What you need to know.
Stock index futures are mixed, as investors focus on the U.S.-China trade deal.
The British pound is been under pressure in the early week after a weak GDP reading on Monday, however, the pair has not made a clear break of notable support.