Investors took a breather this morning after a two-day up streak that saw the DJIA rise around 230 points. Indices opened lower and stayed in negative territory for the first hour of trading, until a particularly strong New York Fed coupon purchase goosed…
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SP 500 futures closed higher by 13.50 points yesterday and buying interest that came in right after the US payrolls release Friday continued to drive equities higher. It traded above the minor 1056 briefly, but fall back rather quickly and more resistanc…
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USDJPY Strategy: Long at 89.00, Obj: 95.00, Stop: 87.10 Remains under pressure as support from last week#8217;s potentially bullish long lower shadow on the weekly candles is breached. This loss exposes crucial support coming in from the December ……
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- Coming off yesterday’s triple-figure rally, European equities opened modestly lower with slow, then slowly worked into positive territory. Economic data releases have been light, and in the absence of China, trading direction from Asia has been ……
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EUR/USD #8211; Rallies have stalled out by the 78.6% fib retracement mentioned in Tuesday#8217;s commentary and a lower top is now sought out by Tuesday#8217;s high ahead of the next downside extension back below 1.4500 over the coming days. ……
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The Czech koruna continued to decouple from its regional peers as the CNB stepped up its dovish talk yesterday. A 25 bps rate cut looks like a done thing on the November central bank meeting. On top of that, the bank is apparently considering other ways h…
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EURUSD As yesterday’s rally of gold to new record levels should have been reflected in decisive weakening of the US dollar, the market witnessed not excessive testing of support at 1,4750 and then returned quickly to support at 1,4690. Due to ……
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Asian equity markets are tracking another strong session in the US, where the Dow put in a second consecutive triple-digit rally ahead of its first component Alcoa unofficially kicking off the start of the earnings season. With two hours to go in Tokyo, N…
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EUR/USD Today#8217;s support: - 1.4670 and 1.4626(main), where correction is possible. Break would give 1.4602, where correction also may be. Then follows 1.4569. Break of the latter would result in 1.4532. If a strong impulse, we would see ……
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• Euro stops averted for now • Dollar/Yen ready for 87.15 • Cable consolidates • Dollar/Swiss bounces off 78.6
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