Stock market index. The word "S&P500" is lined with gold letters on wooden planks. 3D illustration graphics

S&P is flirting with trend resistance – EURUSD with engulfing patterns

On Thursday, European stocks lost for second day in a row and looks to end the week with a loss for the second week in a row. Especially Financial and Utilities have been under pressure. In the US, markets are also looking fragile, but the S&P is resilient and flirting with trend resistance projected from […]

Dollar, euro, pound, yen signpost

JPY Bid on Strong Japanese GDP. FOMC Minutes in Focus Today

Despite upbeat figures from the US economy on Tuesday, markets closed in negative with leading indexes down around 1% (S&P -0.9%, Dow -1%, Nasdaq -1.3%). Fixed income yields were bought on back of renewed rate speculation in the US sending the US Dollar on the bid as we had anticipated. US Housing Starts, CPI and […]

Australia map and flag isolated on white background

RBA surprises markets – sending rates to historical lows

Despite a UK Bank Holiday, markets were very active yesterday. From Europe, upbeat PMIs from the manufacturing sector, European markets were mixed yesterday as risk aversion spilled over from the Asian session. In the afternoon, US figures triggered a sell-off in the US Dollar, which has continued overnight printing new 2016 lows against the CAD, […]

Currency Trading Concept. US Dollar Trade. Trading Market Ticker and Dollar Bills Illustration. Bessa Hossa at Marketplace.

Safe Haven Preferred By Markets Ahead of Key Events

Stock markets in Asia corrected lower for the second day in a row following the major indices in Europe and the US. Interest rates continued on the bid with US rates forming a clearer uptrend than in the EU. Oil was on the offer, but still above recent break-out level at 42.40. As investors fled […]