Sunday, 26 May 2019

Weekly Technical Forecast: Dow Holds Back from Trend Reversal, Euro and Pound Pulsating

While volatility readings are still remarkably restrained, we are seeing a host of critical markets pressuring or overtaking key technical levels. Whether the Dow’s eyeing 25,200, the Sterling on the verge of reversing its longest tumble on record or looking to leverage its biggest single-day loss of 2019, there is remarkable technical risk and opportunity in our markets


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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...