December 8, 2017
EUR/USD Update – 08/12/2017 (9:50am): EUR/USD is easing slowly lower from the 78.6% retracement at 1.1976, it is on the defensive and weighing on the 55 day ma at 1.1761. A close below the 55 day ma and preferably below 1.1712 the recent low is needed to alleviate immediate upside pressure. Below 1.1712 the 21st… View Article
December 8, 2017
EUR/GBP Update – 08/12/2017 (9:30am): EUR/GBP has eroded a major support band, namely the September low at .8746/33 and the 55 week ma at .8730. It has sold off to the 61.8% retracement of the move seen this year at .8697. Risks are on the downside, and it targets the .8530/78.6% retracement of the move seen… View Article
December 8, 2017
In Asian Equity Markets Japanese stocks rose on Friday morning on gains for most sectors after Wall Street climbed overnight, while Japan Display jumped on hopes that Apple may use liquid crystal technology on one of its new smartphones. The Nikkei 225 index advanced 1.0 percent to 22,715.31 in mid-morning trade. The broader Topix gained 0.8 percent… View Article
December 8, 2017
Morning all.. Talk of Trump pushing for an infrastructure spending bill and a vote to raise the debt ceiling sent US stocks a little higher with the S&P closing up 0.3% and the NASDAQ up over 0.5%. Asia markets pushed higher with the Nikkei up 1.4% as Japanese data showed a rise in wages and… View Article
December 7, 2017
In European Equity Markets stocks edged up on Thursday as financial and tech stocks recovered, while troubled furniture retailer Steinhoff sank further, stung by an accounting scandal. Investors recovered their risk appetite, pushing euro zone stocks up 0.2 percent, with financials the strongest sector, helping the bank-heavy Italian and Spanish markets outperform strongly with gains of 0.6 to… View Article
December 7, 2017
EUR/USD Update – 07/12/2017 (13:55pm): EUR chart support now at 1.1760 (55-day sma) and finally 1.1713 (low Nov.21). On the upside, a breakout of 1.1870 (10-day sma) would target 1.1942 (high Dec.1) en route to 1.1962 (high Nov.27).
December 7, 2017
GBP/USD Update – 07/12/2017 (8:50am): UK has 48 hours to agree potential deal or Brexit talks cannot progress! Barnier informed EU ambassadors that Downing Street had told him a potential solution was being worked out that could possibly satisfy both Northern Ireland’s Democratic Unionist party and the Republic of Ireland, but that it had yet… View Article
