Market News & Blog
It was a bad night for risk appetite as stocks fell and gold and the Japanese yen rallied. It's only the first fall of more than 1% in more than 100 days. But is it the start of something bigger.
Gold resumes rally; WTI weak
An increase in risk aversion is never good for the Aussie dollar.
2259 would be a garden variety Fibonacci pullback.
Stocks had their worst day for 2017 and bonds rallied as the Trumponomics rally starts to unwind.
Dollar steady; UK inflation likely to jump above 2 pct
GBPAUD has been trading down towards the low last seen back in the October 2016. This price has formed a wedge pattern with a slight bias to the downside.
Since the beginning of February we have seen multiple Wolfe Waves forming in Soybeans indicating that after the drop in prices, it could be time for a reversal.
The US dollar is losing ground across the board as evidenced by the continuing rally in the Aussie dollar, Mexican Peso, and Singapore dollar.
The Australian dollar failed to hold above trendline resistance overnight - but that doesn't mean the rally has ended
A New York close above 77 cents for the second time in 4 days!