The tale of André-François Raffray Bad luck is as old as humanity. Any casual historian can tell you of dozens of turning points in history that were battles won by pure luck.
expectations 98.0 versus 98.2 prior The University of Michigan consumer sentiment for July will be released at the top of the hour with expectations of a small decline to 98.0 from 98.2 in June.
Dow stock index leads the indices The US stocks are opening with modest gains in other markets: ForexLive
Trades in channel The GBPUSD is making a comeback and trades at new NY session highs. The price is still down on the day, but making progress in taking back some of the declines.
Fall below 200 bar MA as momentum slowed a bit. Bears cautious on the tilt in bias. Still a strong week higher in the pair. The USDJPY has tilled a little lower technically. The trend had been for traders to lean against the 100 and 200 bar MA on the 5-minute chart. That pattern was…
Prior month 98.2 The University of Michigan consumer sentiment for July came in 97.1 versus 98.0 expected. ForexLive
Considering release before the November US elections There is a report that the Trump administration is considering releasing oil from the strategic petroleum reserves before the November elections.
S&P is still higher The tech heavy Nasdaq has turned negative on the day at at 7819.92. That is down -3.8 points or -0.05% . The high extended to 7843.52. The low reached 7803.33 earlier in the day.
Lots of overhead resistance The GBPUSD moved up through channel trend line and the 38.2% and the close from yesterday all around the 1.3202 area. That kept the bulls more in control.
Total rig counts up 2 to 1054 The US Baker Hughes oil rig count unchanged at 863 in the current week. ForexLive