Sentiment has shifted in the Euro's favour in recent sessions, despite potential for Euro crosses to experience higher volatility as the French election looms. One of the key components that helped send EURJPY lower – geopolitical tensions – appears to be on the backburner for now. We are approaching the French, UK and German elections…
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Posted by Matt Simpson | 20/04/2017 05:17 The recent losses of oil prices could help the positive yield differential of US over CAD continue higher, which appears ready to break to a new high following the end of a classic ABC correction. [embedded content] Matt Simpson | Senior Market Analyst A certified technical analyst, combining macro themes,…
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Posted by Matt Simpson | 20/04/2017 03:37 Japan's trade continues to pick up yet, in all the time the US remains in deficit to Japan, it will remain a bargaining chip for Trump's bilateral trade talks. AUJPY is the trend that keeps on giving and we cannot yet rule out another low or move towards…
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DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) The corrective outlook continues to drag the DAX lower but there is an interesting degree of buying pressure that is preventing a significant sell-off. The daily chart shows that the last two completed candles closed well off the lows and early today there is…
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Market Overview Traders are looking to consolidate some of the strong moves on forex markets in the wake of the decision for a snap UK General Election, and the US dollar still seems to be under pressure despite a bit of a retracement move yesterday. The sterling rally is holding firm, despite come as Treasury…
Read morePublished on 19.04.2017 21:06 The gold price is taking a breather today after yesterday’s gains on the uncertainty of the upcoming UK elections, but according to one analyst a new all-time high could be in the making At 3.54pm (GMT) gold was trading at $1,279 down from $1,289 in yesterday’s trading. Most see today’s pullback…
Read morePublished on 19.04.2017 21:00 The British pound has pulled back slightly in late European trading today against its US counterpart after surging on the back of upcoming elections in the UK and some predict this just the start of good things to come. At 6.33pm (GMT) the British currency was trading at $1.2804 down from…
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DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) For the first time in three weeks the DAX futures have closed below the support at 12,130. This now puts the downside pressure on as another uptrend (dating back to early Feb) has been breached. Looking at daily momentum indicators, the increasingly corrective outlook…
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