News

The euphoria from the trade agreeement fades The USDMXN moved lower (MXN higher) on the news of a NAFTA deal yesterday, but the low (high for the MXN) stalled ahead of a target lower trend line.   The price rebound stalled initially today at the 100 hour MA (blue line) and rotated down to the low
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Arizona Senator dies at the age of 81 John McCain, the six term Senator from Arizona (30 years in total), has died at the age of 81 at his home in Sedona, Arizona. McCain was diagnosed with a deadly form of brain cancer back in July 2017.  His family announced he would stop all medical
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Speaks to CPI, tariffs and normalizing policy One time effects sent the CPI above the 2% target In the process of normalization On path of rate hikes Economy is more sensitive to rates because of the debt. The economies were not all correlated at the start of the recovery We are in the process of
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Below trend line, 100 hour MA and 38.2% and just dipped below swing high from August 14.   The GBPUSD has also caught the dollar higher bug, and is moving to new session lows.  IN the process, the pair has now moved below a: Trend line at 1.2835 The 100 hour MA at 1.28325 The
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European equity futures taking a cue from US futures ForexLive E-minis are weighed down by the whole Cohen-Manafort-Trump debacle and the negative tone there is what is dragging the mood down for European investors too. This despite the fact that European equities were mostly positive yesterday and the S&P 500 touched record highs in overnight
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Tries to build another bull leg The GBPUSD is moving to new session highs and in the process is trying once again to get and stay above the 1.2836-40 area.  The price is also above the high from last week’s trading at 1.2788.   Having said, that the price action has been swinging higher and lower
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Jackson Hole back on the agenda The week ahead should be lively with some top-tier data and news on the agenda. Here are a few things to watch out for. Monday: Eurozone construction output The BOC’s Wilkins speaks in Frankfurt Fed’s Bostic speaks in Tennessee Tuesday: A Chinese delegation led by Vice Minister of Commerce
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Ripple leads the way with a 15% gain The chart doesn’t paint the prettiest near-term picture but a massive gain is a massive gain and that’s exactly what Ripple and some other cryptos had today. Ripple led the way with a 15% gain, up to 0.34 cents. It’s up 38% from the mid-week low. Ripple announced
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