Wednesday, 31 October 2018

A Risk Bounce with Few Fundamental Footholds and a Large S&P 500 Tail, Dollar Breakout?

Despite the strong gap higher on Wednesday, US equities faced key former support as resistance and ended with a large tail. Brexit and Italy continue to be critical market themes.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...