Category Archive: Finance
Classic Trap Move On The YM E-Mini Daily Chart
US equity markets continued to wallow again yesterday, as risk-on appetite wanes as global tensions continue to weigh on risk asset classes, bringing to a halt the strong bullish moves post Trump. The classic candle of the 1st March for the YM e-mini on the daily chart was the first potential signal of trouble ahead, […]
European Stocks, Futures Rebound As Stronger Dollar Eases Haven Demand
European stocks rebounded after the biggest one-day drop since November, alongside S&P futures, while Asian equities posted modest declines after yesterday’s weak US close. Gold and yen slid, while the dollar gained on the latest Mnuchin comments to the FT according to which Trump was “absolutely not” trying to talk down the dollar. European equities rose 0.4% […]
Britain To Go To Polls (Probably)
After the shock Brexit referendum outcome, the British Prime Minister, David Cameron, resigned. He had held office from 2010 until the summer of 2016, initially in coalition with the LiberalDemocrats and since 2015, in his own right. One key piece of legislation passed during his tenure was the fixed term parliament act which was designed […]
E Prime Minister May-be
New York City is not only the world’s financial capital, it is also where the independent press was invented by one Peter Zenger. The busy port was the source of newspapers and other information coming from across the Atlantic on prices of stocks, bonds, and commodities. The founding fathers were active supporters of economic growth, […]
Can EUR/USD Sustain Its Gains This Time?
EUR/USD enjoyed the dollar’s weakness to rise above the limited range that confined it recently. But can it extend to higher ground or is it set to slide? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: Unplugged But Recharging; Where To Target? – Danske Danske Bank FX Strategy Research believes that EUR/USD will […]
Asian And European Shares Head Lower
Japanese stocks headed south on Wednesday morning, led by banking shares as Japanese government bond yields fell 0 percent, a rate not hit since November, and continuing geopolitical tensions kept traders on edge. Despite the choppy trading in Japan on Wednesday, traders largely believe that the selloff is nearing its end and that strong earnings […]
NZD/USD Technical Analysis – April 19
NZDUSD found temporary support and has bounced higher on April 12. At this time, bias remains bullish and we expect the pair to continue higher in the coming trading sessions. Bulls will be waiting on any pullbacks to push the pair higher. NZD/USD 1 Hour Chart Bullish Patterns: The blue bullish pattern has already triggered a […]
Trump Talks Down The U.S. Dollar
The dollar fell sharply against a basket of other currencies on Thursday after U.S. President Donald Trump said that the U.S. dollar had become too strong and that he preferred interest rates to be at a lower level. President Trump also directly commented about Janet Yellen, saying he had not ruled out another term as […]
UK Snap Election Sparks Bullish Breakout Above Triangle Pattern
GBP/USD 4 hour The UK Prime Minister Theresa May has announced her goal to organise new elections ahead of the Brexit negotiation process between Great Britain and the European Union. The snap general election call would take place on June 8, 2017 but needs approval by a majority of Member of Parliament in the House […]
US Dollar May Recover On Firmer Risk Appetite, Fed Beige Book
The Australian Dollar fell after a bond auction of 10-year notes saw yields declining even as demand cooled, hinting at dovish shift in investors’ RBA policy outlook. The average yield at the sale fell from 2.81 to 2.52 percent and the bid-to-cover ratio edged down from 3.55 to 3.24 compared with an offering of analogous paper in […]
