Technical Analysis

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
Sellers lean on the first test The EURUSD has grinded up to the 100 hour MA at the 1.1495 level. The high reached 1.14938 – just short of that MA level. Sellers (profit takers/new sellers?) leaned against the level. Risk could be defined and limited against the level.   Move above and there should be more
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