Sits at 2-week tops, bulls likely to target 0.70 mark
The AUD/USD pair is placed at the top end of its daily trading range, or two-week tops, with bulls now eyeing a follow-through move beyond 50-day SMA. The fact that… Read more »
Category: News
Eurozone Banks Profitability Low and May Worsen
Echoing previous remarks, the European Central Bank vice president Luis de Guindos said on Tuesday said that the profitability of the Eurozone banks is low and that this together with… Read more »
Chances are the U.S. stock market will be higher by year-end, but there’s a catch
CHAPEL HILL, N.C. (MarketWatch) — There’s a two-out-of-three chance that, on Dec. 31, the stock market will be higher than it is today. That certainly appears to be good news,… Read more »
Current Brexit deal is ‘basically dead’
Reckon this won’t go down well with the lawmakers in Brussels Plans to only keep some parts of the current withdrawal agreement Challenge in parliament is to get Brexit done… Read more »
Bearish bias remains, oversold conditions warrant some caution
The USD/JPY pair remained under some selling pressure on Tuesday and dropped to fresh multi-month lows during the Asian session, albeit recovered few pips thereafter. Oversold conditions on the daily… Read more »
German yields hits new record low as bond rally continues
10-year bund yields fall to a record low of -0.33% ForexLive No reprieve for yield-seekers in Europe as the bond rally continues to gather pace amid softer risk tone in… Read more »
Dollar Weakens Further as Market Positions for Rate Cuts By Investing.com
© Reuters. Investing.com — The dollar continued its decline in early trading in Europe Tuesday, with the yen and euro strengthening as traders anticipate the erosion of the interest rate… Read more »
Trade ideas thread – European session 25 June 2019
Daily thread to exchange ideas and to share your thoughts Good day, everyone! Hope you’re all doing well as we get things going here on the session. It’s been a decent start… Read more »
Traders Turn Attention to Trade Talks
Global traders are keeping their focus on the trade talks between the United States and China, with a highly-anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping… Read more »
EURUSD Uptrend May be Accelerated by Powell Commentary, US Data
EURUSD TECHNICAL ANALYSIS, FED MONETARY POLICY, OUTLOOK FOR US ECONOMY– TALKING POINTS EURUSD may get boost from increased rate cut bets from Fed US consumer confidence and Powell speech may… Read more »