September 20, 2017
EUR/YEN Update – 20/09/2017 (11:55am): EURJPY still in an uptrend.. EUR/JPY has reached the 134.32/61.8% of the move down from 2014 and initial target for the upmove. We would allow for this to hold the initial test. We note the 13 count on the 240 minute chart. Provided that the uptrend at 130.70 contains the down… View Article
September 20, 2017
USD/CHF Update – 20/09/2017 (11:50am): USD/CHF continues to hold steady and for now we maintain an upside bias above .9530. There is scope for a test of the current August highs at .9770/72, however in order to reignite medium term upside interest we suspect that the currency pair will need to close above the .9814 end… View Article
September 20, 2017
EUR/USD Update – 20/09/2017 (11:40am): EUR remains in an uptrend even with ECB sources trying to talk it down.. EUR/USD continues to hold over the 5 month uptrend at 1.1841. While this holds we remain unable to rule out an extension to the 50% retracement from the move down from the 2014 high at 1.2168 and… View Article
September 20, 2017
EUR/GBP Update – 20/09/2017 (11:30am): EURGBP some way off support. Between .8743 14th July low and .8698 we have a LOT of support namely the 55 week ma, the 200 day ma and the 2015-2017 uptrend. Intraday rallies are indicated to hold below 8875/.8935.
September 20, 2017
GBP/USD Update – 19/09/2017 (11:20am): GBP/USD remains bid and just below critical medium term resistance at 1.3622/70, which represents a double Fibo and the 2014-2017 downtrend. Given the convergence of resistance here we would expect this upper level to hold the initial test and provoke some profit taking. However currently the intraday Elliott wave counts are… View Article
September 20, 2017
In Asian Equity Markets Japan’s Nikkei index was nearly flat on Wednesday morning after scaling more than two-year highs on the previous day, while investors stayed cautious before the U.S. Federal Reserve’s policy meeting which ends later in the day. The Nikkei was flat at 20,302.96 in midmorning trade, after rising 2.0 percent to hit the… View Article
September 20, 2017
Morning all.. Wall St climbed to new record highs again in the Dow and the S&P closed up 0.11% in what was a very quiet session again as we wait for the Fed. The Nikkei was also close to unchanged with many waiting for the FOMC meeting tonight where Yellen is expected to announce the start… View Article
September 20, 2017
In European Equity Markets dealmaking talk lifted European telecom stocks on Tuesday, helping the unloved sector stand out in an otherwise quiet session, where investors were waiting for the outcome of a Federal Reserve meeting. The pan-European STOXX 600 index ended flat as traders awaited clues from the Fed about plans to start unwinding its $4.2-trillion… View Article
September 19, 2017
GBP/USD Update – 19/09/2017 (11:40am): Last week’s break above key-resistance barriers at 1.3273 and at 1.3504 (2009 low) constituted a game change in favor of a new, long-term up-trend and challenged 1.3622/1.3711 (weekly trend/50 %). The latter looks fairly strong though and could at least trigger a temporary setback to 1.3326 and 1.3296/67 (minor 38.2 %… View Article
