AUD/USD falls to a low of 0.7260 ForexLive Price is now looking for a firm break below the 100-hour MA (red line) and the 38.2 retracement level @ 0.7272 and if sellers can hold a break there, the near-term bullish bias will be eliminated. The next key support level to eye for will then be
There’s no turning back So, even if there is a no-deal outcome set to happen, there’s no chance of the government being able to revoke Article 50 to stop Brexit from happening. Not like there ever was a chance to let this happen in the first place, but yeah, just a little notification.
Ten things need to change for the stock market to come back from its Monday declines, CNBC’s Jim Cramer said as high-profile technology stocks Facebook and Apple led the major averages lower. “When does this rout end? When do the buyers come in? When do the sellers finish?” he wondered aloud on “Mad Money.” “Frankly,
S&P down -1.66% The US stocks are ending the session off lows but longs are still hurting. The Dow fell over 500 points at the lows but is ending down -395 points or -1.56% at 25017.4 The S&P is ending down 45.55 points or -1.66% at 2690.73. The low reached 2681.09 at the bottom. The
A piece from Commerzbank on the Italian budget, the bond market, and the euro Their bottom line is that there is a lot to suggest that the EUR weakness is coming to an end unless Rome produces new disturbing signals. the bond market still sees an increased risk in the Italian government’s fiscal policy However, what
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Buyers making a play? The price of AUDUSD has seen a break below a swing area (see red numbered circles) at the 0.72979-0.73022 area and then a trend line (currently at 0.7287). The fall moved to a low of 0.72766, but we have now seen a move back higher. IN the process, the broken trend
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Nvidia continued to slide as much as 8 percent Monday before settling down around 6.5 percent. The chip-maker fell as much as 19 percent Friday after missing on revenue and guidance in its third-quarter 2019 earnings report. Nvidia was just one of several tech stocks that dipped Monday, including the FAANG stocks, some of the
Comments by Italy’s deputy prime minister Luigi Di Maio He was cited by Ansa news agency, saying that he is not concerned about possible EU proceedings over the government’s budget. Said proceedings could come about if the EU finds that Italy is infringing its rules on the budget submission. At this point, it’s hard to
Former UK Brexit secretary David Davis speaks to Bloomberg But expects parliament to vote down May’s Brexit deal This deal is worse than EU membership in some ways Sounds like about 40 leadership letters have gone in Says that he hasn’t submitted his leadership letter ForexLive It’s been a quiet start to the morning in
As the economy strengthens, more workers nearing retirement age are feeling better about their economic prospects. That’s the good news. Still, many others are worried about their savings, or lack of savings, and how they will get by once they stop working for good. Overall, 85 percent of working Americans said retirement will be a
EUR/GBP to range 0.865-0.88 if May remains in charge says analyst Coming Up! Title text for next article Danske bank analysts on the euro against sterling probability UK PM May remains as leader and that parliament votes yes to her Brexit deal “has declined substantially” see EUR/GBP to fall into a 0.865-0.88 range if May
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Want the tools I made for MT4 & 5? Go here – https://www.theforexguy.com/download/ In today’s Forex price action trading video we are looking at a mean reversion trade that me, and most war room members took this week. Mean reversion trades are when you take advantage of ‘extreme prices’ where the market considers price too
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