Approaches the 100 hour MA The EURUSD moved to a high of 1.1733 yesterday. That was short, but close to the swing highs at the 1.1743-49 from July. The 100 day MA is not far from that area at 1.1752. That area remains a key area to get above if the pairs are to move…
Deficit lower vs the 1st quarter deficit of -C$17.48B The goods surplus with the United States rose by $3.4 billion, on the back of stronger exports.
Break lower yesterday is having some second thoughts As the talks in Washington continue today and hopes for a true NAFTA deal with Canada, US and Mexico are on the positive side, the USDCAD has seen some up and down volatility today after the move lower over the last few days.
Weekly oil inventories WTI crude hit the highs of the day at $69.55 on the headlines but backed off to $69.30 afterwards. Here was the API data from yesterday:
Big move in the pound At a briefing in Berlin, EU negotiator Michel Barnier dropped a massive piece of news, saying they are prepared to offer a partnership with Britain such as has never been with an other third country.
Shoots up on the Brexit comments The GBPUSD shot higher on the Barnier comments. Technically,the pair moved above the highs from last and this week at 1.2931-35 area. That is now risk for the longs (and a dip level to buy against).
US July pending home sales ForexLive
Bullish for GBP – We are prepared to offer a partnership with Britain such as has never been with any other country This could be a game-changer. It sounds like the EU wants a deal and it sounds like it might not be that harsh for the UK. Obviously I’m reading a lot into the headline…
What to look for when markets turn We are undoubtedly in the bull-iest of bull runs, which has made market watchers declare: Bully! The problem is that this bull seems to be running through a tech stock china shop. In the past few months we have Facebook take a significant dive after the Cambridge Analytica…
All JPY pairs running The USDJPY is racing higher with the pair moving above a swing area at 111.39-54 (see yellow area on the daily chart below).