Sunday, 3 February 2019

Weekly Technical Forecast: Whether The Dows Trend or Dollar Range, Conviction Looks Wanting

Risk-leaning assets enjoyed a strong charge through this past week. Global indices, commodities and emerging market assets were all buoyed by a welcome return of capital to the weathered capital markets. Yet, momentum through this reversal has proven uneven and the high points of speculative appetite in the FX market have not followed in pursuit. Are our current bearings destined to change?


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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...