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A very timnely articlew in opur blog
Interest Rates and Inflation: Why Every Global Trader Must Pay Attention
Newsquawk US Market Wrap: Stocks mixed on tech weakness after earnings while oil slides ahead of weekend
SNAPSHOT: Equities mixed, Treasuries up, Crude down, Dollar flat, Gold up
A classic in our blog
How You Can Use Currency Crosses to Trade Spot Forex
If I told you that there was a large order in the market to buy EUR and sell GBP would you be looking to sell EURUSD and buy GBPUSD, do the opposite or step aside as the order gets executed?
If I told you that there was a large order in the market to sell EUR and buy GBP would you be looking to buy EURUSD and sell GBPUSD, do the opposite or step aside as the order gets executed?
EURUSD Weekly
End of the week, but no resolution – 1.13450 represents the Major Support. We have two options here for the next week: 1. Bounce from here and break above 1.14500 – EUR would be back to Bullish mode 2. Break bellow 1.13450 – open space all the way to 1.06500 Watch for possible Gap early Monday morning…
US500 4 HOUR: Pattern broken
5 day pivot around 7500, barring a surprise headline, will liKely be broken today, a bearish signal although price action yesterday already pre-empted the react5ion. Now dependent on 7375 holding to keep the downside contained, brlow opens a door to 7300 On the upside, 7500 would need to print again or upside will be limited.
US PRE-MARKET MOVERS: INTC, AXP, ORCL, SLB, VZ, CHTR, SAP, EW, THCES +0.2% NQ +0.1% RTY +0.5%
AUDUSD DAILY: Will the pattern around .70 be extended? Pattern: .7000 has traded in each of the past 7 days Range over this period: .6962-.7027 (low was set yeswterday) To extend the pattern to 8 days, .7000 would need to print today. If not, it would be a potential bearish sign BUT only confirmed if the .6962 low is taken out.
EURUSD DAILY: Damage not fatal
This chart caught my eye with the EURUSD low yesterday at 1.1364 pausing just above 1.1361, the last obstacle to the 1.1324.
While above it, damage not fatal but would need to see 1.14, around the midpoint of yesterday’s 1.1364-1.1435 range, be regained to ease the downside risk (high today 1.1401).
In our blog: A very timely article
Understanding the Relationship Between Interest Rates, Inflation, and Financial Markets
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