Trading has been contained between these levels since the start of the new session with added support from the 100 bar moving average. Futures for the major European equity indexes indicate they will open higher which may add buying ...
Forex Trading: EUR/USD Trading Sideways Between 1.31586-1.3196.
Source: www.dailymarkets.com
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FOREX-Dollar eases as risk sentiment improves
By Tamawa Desai LONDON, June 10 (Reuters) - The dollar eased on Wednesday as investors shifted from the US unit toward perceived riskier and higher-yielding ... See all stories on this...
Blow-off top and bottom in less than 24 hours
Blow-off might be a bit strong, but looking at 5 minute bars, we got these sort of mini blow-offs yesterday as the market ran stops above 1.4150 and this morning below 1.3940. We are now consolidating around the 38.2% retracement of the drop from 1.4177 to 1.3934. It only seems like poetic justice...
GBP/USD Deflects Off our 3rd Tier Trend Lines
By Fast Brokers - The Cable is deflecting off our 3rd tier uptrend and downtrend lines as the S&P futures battle their...
ECB and IMF now join in the chorus
Last week it was Angela Merkel and Ben Bernanke warning of the dangers of persistently low rates and easy monetary policy. Now the ECB is plotting it’s ‘exit’ strategy and the IMF sees a global economy turnaround later this year. 2-year Treasury yields have roared higher and the...
Just in case you are starting to get bullish- a cold bath from Andy Xie
Andy Xie was a star at Morgan Stanley before he made the mistake of being too critical of the Chinese government. He is generally bearish on the financial markets future, after all he did work with Stephen Roche, but he is very abreast of all developments and is good at presenting his arguments....