The early optimism has vanquished as equities are now coming under a bit of pressure on the day. European indices have seen its opening gains turn to losses now while US futures have also...
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Russell 2000 technical analysis and trade idea (Long)
Russell 2000 technical analysis and trade idea (Long) Russell 2000 futures (RTY) is at the bottom band of a potential bear flag but we are in the green (0.3% up so far today, on...
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German, Spanish inflation on the agenda today
Major currencies aren’t hinting at much so far today with the dollar holding more mixed in trading so far. The ranges for some are rather subdued as the dollar gains on Friday and the...
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GBP/USD: Look out below..
Upon a firm break below 1.1800 and the 13 July low at 1.1759, it has been a continued drop for cable today to a low of 1.1650 earlier. Going by the chart, there isn’t...
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USD/CAD looks to come up for air in latest push higher
There are two ways to read the charts in USD/CAD at the moment so I’ll elaborate on both first before giving an overview and some thoughts on meshing them both together. Let’s take a...
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Cable continues to zone in and around 1.1800 for now
There’s been very little in terms of proper direction to work with in the pair as trading this week has been centered around the focus on Fed chair Powell’s speech at Jackson Hole. There...
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Eurozone July M3 money supply +5.5% vs +5.6% y/y expected
Prior +5.7% Broad money growth in the euro area continues to ease from an annual rate as monetary aggregate has decreased since the massive injection of liquidity during the pandemic. That is no surprise...
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ECB’s Rehn: Investigation phase for digital euro expected to conclude in October 2023
He adds that after this phase, the central bank will then decide on whether to embark on actually building a digital euro. Well, chances are if other major central banks aren’t pursuing this too...
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European equities open lower to start the day
Eurostoxx -0.1% Germany DAX -0.4% France CAC 40 -0.2% UK FTSE -0.3% Spain IBEX -0.3% Regional stocks remain on the defensive as soaring energy prices have cast a grim outlook on things ahead of...
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AUD/USD falls to fresh one-month lows as risk stays on the defensive
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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