August 30, 2017
AUD/USD Update – 30/08/2017 (11:00am): AUD/USD near term remains bid above the 3 month uptrend at 0.7877. Our focus is on the .7980/91 July 20 and August 4 highs and this guards the .8065 recent high. Below the .7877/08 current August low and support line lies good support at .7748/41. It is where the February… View Article
August 30, 2017
In Asian Equity Markets Japan’s Nikkei index rebounded on Wednesday morning, recovering from a near four-month low as Wall Street rose and the yen weakened on receding concerns over North Korea’s firing of a missile over Japan. The Nikkei rose 0.6 percent to 19,481.44 in mid-morning trade. The broader Topix gained 0.4 percent to 1,604.32. MSCI’s broadest index… View Article
August 30, 2017
Morning all.. Wall St rallied strongly and put the tensions in N. Korea behind them for now with the S&P closing up marginally and the Dow up 0.26 having been a lot lower at the open. The more bullish sentiment rolled into the Asian session with the Nikkei rallying 0.7% after NY took USDJPY over… View Article
August 29, 2017
In European Equity Markets rising geopolitical tensions and a rising euro sent stocks to their lowest in six months on Tuesday after a missile launch by North Korea sapped Asian markets. The pan-European STOXX 600 fell 1.5 percent, set for its worst daily performance in nearly 14 months and firmly on track to make August its… View Article
August 29, 2017
EUR/USD Update – 29/08/2017 (11:50am): EUR extending gains and now through 1.2042 resistance zone (2012 low) with deeper targets at 1.2329 (2008 low). Note that an extension above here would imply the long term downtrend has been reversed.
August 29, 2017
GBP/USD Update – 29/08/2017 (11:40am): The renewed uptick seen in the GBP/USD pair appears to have lost steam near the 50-DMA resistance located at 1.2983 levels, with the bears now pushing the rate back towards the midpoint of 1.29 handle. Broad based US dollar weakness remains the main theme so far this session, further fuelled… View Article
August 29, 2017
USD/YEN Update – 29/08/2017 (11:30am): The near-term two-sided price action continues to develop but the downside risks are intact as the focus turns to important support at the range lows. A sustained break below the critical 108.13 support lows would imply a deeper corrective phase into the 107.50 area, if not the 105.50-55 zone (November… View Article
