Market News & Blog
After the volatile movements during the triggering of article 50, we have seen the market calm and start to paint a clear picture of the future movement. The sharp movement yesterday after the original post could create a longer term bullish butterfly pattern if GBP continues to strengthen.
Stocks under pressure; Dollar firmer after hawkish Fed talk
The ECB is sending a signal it is not in a hurry to change rates - but the Fed just might be.
Policy divergence is back as a theme in forex as markets are not-phased by the triggering of Article 50 to begin the Brexit process.
EURUSD has been dropping since the 13th of March and there are signs that if this trend continues a short term trading opportunity will emerge. Following this, a possible bearish butterfly or crab pattern will form allowing for a very high probability trade with a great risk to reward ratio.
Pound under pressure as UK starts official Brexit process
Markets want to believe in president Trump. That's the clear message from last night's price action in stocks, bonds, and Forex.
A more positive backdrop.
Showing signs that the rally may be fading.