The US$ is still making lower Lows and lower Highs whilst it hovers above 92.50 S/R. Oil is also holding near the $45 S/R level. The S&P500 has just printed a bearish Ichimoku Cross but remains above the support of the Cloud for now and a few FX pairs are also holding above S/R fib […]
I’m still on the move here in Lisbon and so this is just a brief update on a few FX pairs but, with BoE interest rates on the calendar this week, I’m wondering if the GBP/USD might be the pair to watch.
This is just a brief TC signal update. The GBP/JPY and AUD/JPY signals have closed off for a combined pip haul of 1,180 pips. The new USD/CAD signal is up 220 pips and there have been new signals on the NZD/USD and EUR/AUD that triggered on Monday. As well, signals are trying to form on the […]
Australian banks remain under pressure due to concern about their exposure to the property market given the perception of a potential growing property bubble. There is often reference to the ‘Big Four’ and this includes CBA: the Commonwealth Bank, WBC: Wesptac Bank, ANZ: Australian and new Zealand Banking Corporation and NAB: National Australia Bank. In this post […]
Risk-on appetite has been generally supported over recent sessions and debate about the sustainability of this trend is a contested topic. I’m keeping an eye on a number of key stocks/ETFs and indices for clues about the next directional move and a number of these entities have trend lines that are currently under a bit of pressure. Whilst I’m reading […]