Sunday, 15 September 2019

Dow Perched Just Below Record High and EURUSD Tempting Reversal

We are within reach of a remarkable shift in the underlying markets. Some benchmarks like US indices and gold are within reach substantial highs (record and six year respectively) while others like EURUSD and GBPUSD look likely they are moving into reversal. These setups may be more closely related than many may expect with the application of volatility and sentiment a determining factor in ultimate bearing ahead.


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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...