Wednesday, 10 October 2018

Dow Reversal Gains Speed, Tests Below 26k: Are Bulls Done?

It's been a brutal day in US equities and the Dow is now down 4.3% over the past week. But this comes after a 12% bump in Q3, begging the question: Are bulls done?

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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...