Technical Analysis

Italy budget vs Brexit Which is worse? Italy’s budget problem for the Euro or Britain’s N.Irish border problem for the GBP? This is what EURGBP is trying to decide at the moment as price coils, ready to spring.  Will Carney addressing the market later be a catalyst? He will surely be concerned by the latest
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
GBPUSD falling off 100 EMA The 100 EMA (blue line) halted the rise of GBP/USD on the 15 minute chart. Stay below and we are looking at testing the daily lows again. With all the bearish sentiment around I would expect a second test break through the support level and head through 1.3000 ForexLive
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Big gains in European (US stock markets) today The European shares have ripped higher as better earnings and stronger growth are negating the negatives from the trade and Brexit and future inflation stories. German Dax rose 1.4% France’s Cac rose 1.5% UKs FTSE despite Brexit concerns rose 0.4% Spain’s Ibex rose 1.7% Italy’s FTSE MIB
Latest data released by ZEW – 16 October 2018 Prior 76.0 Expectations -24.7 vs -12.0 expected Prior -10.6 Eurozone expectations -19.4 vs -7.2 prior ForexLive Continued deterioration in sentiment for the German and Eurozone economies and that isn’t something that bodes well for investor outlook moving forward. According to ZEW, expectations are dampening as a
The pair largely ignored the global stock market fall.  With the carnage in the global stock markets this week: Nikkei down -5.34% Hang Seng -2.9% Shanghai -7.60% SPX/ASX 200, -4.69% German Dax -4.36% UK FTSE, -3.81% Nasdaq, -4% S&P, -4.10% The typical risk-off selling of the AUDUSD (and NZDUSD) never materialized.  Last Friday the AUDUSD