July 21, 2020
Oil has made it back to the area where the original gap started. We tested the area once around a month ago and came down, but it seems like another test is coming imminently as I write this. If it gets through here and can close above this area today, I expect there should be… View Article
December 18, 2017
In European Equity Markets stocks rose for the first time in four session on Monday, with banks leading the charge north on hopes the highly anticipated tax reform in the U.S. will get passed this week and provide a boon for the financial sector. The Stoxx Europe 600 index rallied 1.2 percent to close at 392.66. Among regional benchmarks,… View Article
December 18, 2017
USD/CHF Update – 18/12/2017 (10:30am): USD/CHF spent much of last week consolidating below the 78.6% retracement at .9975. Above here lies the 1.0015 resistance line and the 1.0039 recent high. It guards 1.0100/08 the April and May highs and the 1.0145 78.6% retracement. Longer term this is considered to be the last defense for the… View Article
December 18, 2017
EUR/GBP Update – 18/12/2017 (09:30am): EUR/GBP recovered last week following its recent failure to register a weekly close below its 55 week ma at .8744. Near term rallies should find decent resistance at .8871 55 day ma and then the .8913 resistance line. It recently sold off to the 61.8% retracement of the move seen this… View Article
December 18, 2017
EUR/USD Update – 18/12/2017 (09:00am): EUR/USD last week sold off to and recovered from the 1.1712 21st November low. We start this week with attention on the 1.1712 support and a close below 1.1712 the recent low should be enough to negate upside pressure and allow for slippage back to the 1.1553 7th November low.
December 18, 2017
In Asian Equity Markets Japanese stocks rose on Monday with financial and exporter stocks leading gains, offsetting weakness in construction stocks after news prosecutors raided the headquarters of at least two construction firms for alleged antitrust violations. The Nikkei index gained 1.1 percent to 22,810.56 in midmorning trade, with sentiment boosted by a strong performance on… View Article
