Wednesday, 10 October 2018

Nikkei 225 Technical Analysis: Sharp Falls Leave Bulls Down, Not Out

The Nikkei 225 has fallen sharply from its recent multi-decade highs, but bulls can probably still dare top hope for as long is its former trading range remains unthreatened

New Zealand Dollar Struggles For Fudamental Support

The New Zealand Dollar has been hammered so far this year, but its pain may not be over yet as the fundamental gloom deepens.

USDJPY Chart Analysis: Elliott Wave Correction to Below 110?

The Elliott Wave chart pattern for USDJPY shows a completed zigzag from March 2018 to October 2018 hinting to a correction below 110.

Worst Drop for Dow Since February, Nasdaq in Years Overrides IMF, Italy, Brexit

The Dow and S&P suffered their worst single-day drops since February, but the real risk will come in contagion.

AUD/USD Technical Analysis: Deeper Aussie Dollar Drop Expected

The Australian Dollar is stalling at support above the 0.70 figure against its US namesake but the broader price trend continues to look decidedly bearish.

Asia Braces after Market Selloff. USD/JPY Prices Eye Trend Support

Asia Pacific markets are bracing after the intense Wall Street selloff. The US Dollar was mixed given Brexit optimism. USD/JPY prices eye March 2016 rising trend line chart support.

Dow Sheds 800 Points, US Equities Suffer Largest Decline Since February

Rising bond yields weighed on investor sentiment as the Dow plummeted 800 points and US equities shed months of gains in a single day.

AUD/USD Extends Bullish Series Ahead RBA Financial Stability Review

Recent price action in AUD/USD raises the risk for larger rebound as the aussie-dollar exchange rate extends the bullish sequence from earlier this week.

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?

IMF Warns of Rising Instability in the Global Financial System

The International Monetary Fund issued their biennial global financial stability report Wednesday, highlighting the risk trade wars pose to global growth.

US Dollar Snaps Both Haven & Yield Bid. Slides with Bonds & Stocks

"Sell USA!" is the theme du jour, with bonds, stocks, and the US Dollar all dropping.

EUR/JPY Weekly Technical Outlook– Price Reversal Eyes Initial Support

Price reversed off multi-year slope resistance last month with the decline now targeting initial support. Here are the levels that matter on the EUR/JPY weekly chart.

USD/JPY Weakness to Subside as Bearish Sequence Snaps

Recent price action in USD/JPY raises the risk for a larger pullback as the dollar-yen exchange rate continues to carve a series of lower highs.

US Dollar, Euro Pull Back Ahead of US CPI

Euro and US Dollar trends are pulling back as we near the big item on this week's calendar with the relase of tomororw's US CPI.

Bitcoin, Ethereum, Ripple: Beware of Tight Ranges | Webinar

The cryptocurrency market continues to trade sideways in increasingly tight trading ranges. Any pick-up in volume could see a sharp break, either way.

Technical Take for Gold Price, Crude Oil, DAX, S&P 500, and More

Gold continues to be difficult in a trading range, crude oil at risk of further weakness after hitting resistance, DAX and S&P 500 both trying to reverse off support levels.

EUR Price Held Back by Concerns About Italian Budget

The Euro looks set to remain under pressure against its major rivals as concerns about the Italian budget continue to put off buyers.

FTSE Chart Analysis – Trying to Reverse from Critical Area of Support

Yesterday, the FTSE sank into a confluence of support and put together a minor reversal; it's a big area looking out over the long-term.

UK Data Leave GBP Price Little Changed as Brexit Dominates | Webinar

A mixed bag of data on the UK economy left the GBP price and London stocks little changed as traders in UK assets continue to focus on Brexit.


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Sterling Price: GBPUSD Rallies Hard on Brexit Deal Chatter

Sterling put in a robust performance against the US dollar late Tuesday after chatter hit the market that the UK and the EU are much closer to agreeing a Brexit deal than previously thought.


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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...