The pair is trading down to 0.6857 on the day currently, its lowest level in a month as sellers look to take out the 5 August low at 0.6869 on the daily chart. The...
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Dollar momentum grows as risk retreats further
EUR/USD is now trading down by 0.4% to near 0.9900 and that is even before we get to the PMI data in Europe later today. This comes as the dollar is seen pulling higher...
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EUR/USD: Parity within reach
One can argue that this has been coming after the euro suffered a failure in its latest breakout above the swing region around 1.0283 two weeks back. The push higher stalled at the 61.8 Fib retracement...
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GBP/USD knocking on the door of the next leg lower
The outlook for cable pretty much mirrors a lot of what we see in EUR/USD and with the dollar running hot again in the past week, it is hard to fight the momentum when...
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Alibaba does it with TikTok
The latest figures from China were anything but exciting. Tencent even reported a drop in sales compared to the same period last year for the first time. Alibaba shares are trading well below $100 again. After all:...
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What could make life difficult for the DAX in the new week
As surprising as the upswing has been in recent weeks, the coming days could be just as disappointing. Many stockbrokers expect an unstable trembling phase after the break in the short-term DAX uptrend. There may be...
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Key events and releases for the week starting August 22
What key events and releases will be driving the markets next week? Tuesday , August 23 various flash PMI estimates for Europe and UK US/services and manufacturing PMI indices, 9:45 AM ET. Manufacturing PMI...
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All 3 major indices close lower for the week. 1st declines in 5 trading weeks
The week is ending on a soft note. All 3 major indices are closing lower on the day with the NASDAQ down over 2%. The Russell 2000 index of small cap stocks fell by...
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European equities lower at the open
Eurostoxx -0.6% Germany DAX -0.7% France CAC 40 -0.6% UK FTSE -0.3% Spain IBEX -0.3% It’s not a good look for stocks towards the end of the week as we are seeing markets start...
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The bond market starts to make a move
It looks like the bond market is vindicating the move in FX from yesterday as yields are now breaking higher after a couple of weeks of contemplation, with 10-year Treasury yields having furiously knocked...
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