News

Analysts at Commerzbank offer their view on the Euro in the coming months, in the wake of the Italian political risks. Key Quotes: “There is a lot to suggest that the EUR weakness is coming to an end unless Rome produces new disturbing signals. The bond market still sees an increased risk in the Italian
South Korean state news agency, Yonhap, reported that “North Korea’s external propaganda media on Tuesday urged Japan to withdraw its “anachronistic and self-destructive” support for the United States-led sanctions on the North.” USD/JPY is seen consolidating the uptick to 112.66, as markets digest BoJ Kuroda’s comments and the latest US headlines related to Venezuela.  
The NZD/USD pair is bouncing off the ascending (bullish) 5-day simple moving average (SMA) for the second day. That reinforces the bullish view put forward by the higher highs and higher lows seen in the daily chart and the upward sloping 5- and 10-day SMAs. The falling channel breakout seen in the hourly chart is
According to analysts at ANZ, markets are beginning to shift expectations for the US Federal Reserve. Key quotes Previous guidance from the Fed has been for three more hikes in 2019, while the market is currently pricing in almost two more hikes. :p8 expects the Fed will raise rates in December then only once more in
Nasdaq down -2.5% The US stocks continue the slide as the bear market picks up some steam. The Nasdaq is down -2.5% now The Dow is down over -400 points The S&P is down -44 points or -1.62% Looking at the S&P index, the rally off last week’s lows stalled at the 200 hour and