The numbers have been dismal This year in Europe is all about the end of QE. That’s supposed to signify Europe turning a corner but the economic data is showing otherwise.
Pair failed on break lower The EURGBP fell to another new low going back to May 2017 – taking out the swing lows from the last few days. That should have ignited more downside momentum.
Stepping back some of yesterday’s gains The GBPUSD is stepping back some of the gains from yesterday. The start of the catalyst today was the failure on the break of the topside trend line.
38.2% is near the 100 hour MA too The GBPJPY fell to a new session low over the last hour or so. The fall picked up some steam after the high today, stalled at the high from yesterday. The high from yesterday, stalled just ahead of the high from the day before (Friday).
Gross notes that swaps curve has nearly inverted Bill Gross from Janus Capital is on twitter noting that investors shouldn’t be watching the Treasury yield curve but instead should be watching the swaps curve.
Moves back away from the 100 and 200 hour MAs The USDJPY moved higher in the London session and made a run above the 200 and 100 hour MAs before European traders exited (at 107.13 and 107.177 respectively)
What has moved the market today What little price action we did see on Tuesday had the FX market moving the other way, with currencies reversing course and giving back against the Buck. But the Dollar recovery wasn’t all that special and the price action seemed to be more of the same choppy up and…
WSJ report New York Attorney General Eric Schneiderman sent letters to 13 cryptocurrency exchanges with a long questionnaire () that wants details on ownership, policies, fees, internal controls, procedures and customer protection.
Comment from the White House economic advisor Kudlow is on TV now more than when he was at TV host. Expect Japan to get an exemption.
A break above the 200 week MA today is key today The GBPCHF is following the runs higher in the other CHF pairs including the and the . USDCHF EURCHF