Top Global Market Stories
Thin trading conditions dominate Greece: No “moola” for the IMF Rising prices makes Fed hike timing difficult Fixed income looks to September for first hike Over the past few weeks dollar bulls have been trading with their backs against the wall, pressured by the spike in global sovereign bond yields, and the unknown timing of […]
Top Trade Ideas
At its last meeting the New Zealand Reserve Bank moved to an easing bias on interest rates. By contrast the Australia’s RBA toned its easing bias back to only a fraction short of neutral at its meeting. The combination of these two moves delivered a strong rally for the Aussie against the Kiwi, allowing it […]
MT4 Trading & Education
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- EUR/USD Technical Strategy: Flat
- Support: 1.1059, 1.0934, 1.0808
- Resistance:1.1214, 1.1310, 1.1466
The Euro turned lower against the US Dollar as expected but an Inverted Hammer candlestick now hints a rebound may be brewing. Near-term resistance is at 1.1214, the 23.6% Fibonacci expansion, with a break above that on a daily closing basis exposing the 14.6%levelat1.1310. Alternatively, a push below the 38.2% Fib at 1.1059 clears the way for a test of the 50%expansionat1.0934.
Positioning is inconclusive at this point, with prices offering no clear-cut and actionable signal to initiate a short tradein line with our long-term outlook. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.
Bitcoin can’t catch a break. Today the cryptocurrency retraced most of the gains made during the past 4 days. After peaking out at $243.63 in yesterday’s trading session, today BTC/USD fell to a low of $237 flat before stabilizing somewhat. About two hours ago we had another retest of $237 with prices trading as low […]