Market News & Blog
It's all good again as happiness rains in markets after a blockbuster US consumer confidence.
EURGBP has been dropping since the 10th of March making lower lows and lower highs creating a strong resistance trend line which is currently being tested again. Due to the price movement, multiple possible harmonic patterns have appeared but given no clear sign of the direction of future movement.
Stocks recover, but Dollar remains weak; risk for GBP short squeeze increases
Don't be fooled. The stock market recovered but many other markets are moving around.
Oil has been appreciating since February 2016 and since April has been bouncing off a strong support line trending slowly higher. In the past month the price has dropped back down to this support line and technical traders are looking at trading this in two ways.
Stocks might be hanging tough but other markets suggest the trump trade is being unwound.
Weekly Commodities Report - Gold approaching significant resistance level; WTI consolidates, Soybean likely to extend losses
Gold approaching significant resistance level; WTI consolidates, Soybean likely to extend losses
Is that an unwind of the Trumponics no is noticing I see before me?
There's more to the Trumponomics rally than just hot air. DATA!