Brent: Future is Still Sunny
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
President Trump Returns to the White House
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming bullish momentum.
Fibonacci Levels
XAU/USD: Gold stands above 23.6% retracement area and seems that gains steadily.
EU Market View
Asian equity markets traded positively following the firm handover from global peers as markets track stimulus developments and US President Trump’s health. White House Chief of Staff Meadows noted there is potential for a stimulus package, although doubts over Senate approval remain. US President Trump is planning to participate in the next Presidential Debate scheduled for October 15th
RBA maintained the Cash Rate Target and 3yr yield target at 0.25%, as expected and reiterated forward guidance .Looking ahead, highlights from macroeconomic calendar include EZ & UK construction PMIs, EIA STEO, ECB's Lagarde, Lane, Fed Chair Powell, Harker, Bostic, Kaplan speeches.
EU Key Point
- Germany August factory orders come at +4.5% vs +2.8% m/m than expected
Michael Eliades
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How will ECB Drive EUR?
What will happen? The European Central Bank will present the monetary policy statement on June 22…
USD/CAD Reversal Pattern
After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.
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Brent: Future is Still Sunny
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
New Trend in Tech Stocks?
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD Holding After ECB Decision
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
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