A look at the day ahead in European and global markets from Rae Wee
Markets in Europe are set for a rocky start on Wednesday after Asia stocks were left in a sea of red, as worries over the global growth outlook resurfaced and as the blistering AI rally hit yet another speed
BoC rate decision is the highlight on Wednesday
See detailed previews
DLRx 101.75 / 10-yr 3.846 at 11.12nyt
Concensus says nothing more important this week than Fr’s NFP for market to re-asses FED,s expected rate action on sept 18th which, sofar, have not changed.
In reference to current DLRx’s enthusiasm: puppy s showing a (little) bit of leg and may continue to bounce a little more higher still. But … the dollar is subject to us int rates which, under current market mood, are a counter weight.
12:45nyt – ECB nagel yaks
EURUSD 1h
Strategy that I posted yesterday worked more than well today.
Pair came exactly to the Support line at 1.10340
Resistances : 1.10450, 1.10600 & 1.10800
If Support is taken out, we can expect 1.09850 to be seen.
© 2024 Global View