Thursday, 8 July 2021

S&P 500 Testing Fibonacci Support as MACD Eyes Crossover

S&P 500 price action is coming under pressure as the stock market pulls drops over -1% from all-time highs. Investors might look to defend nearside technical support, but a MACD crossover looms.

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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...