EUR/USD Jumps to Trend Line Resistance After Weak Retail Sales
EUR/USD has popped higher on today’s weaker than expected retail sales release. EUR/USD jumped to trend line resistance near 1.1240.
EUR/USD has popped higher on today’s weaker than expected retail sales release. EUR/USD jumped to trend line resistance near 1.1240.
Volatility in DJIA continues near 17 month lows suggesting sideways to lower trade in the near term. Looking to buy dips so long as we are above 17,800.
So far, August being a great month for SEK against EUR. EUR/SEK bounced from consolidating triangle pattern. Will the weekly upward channel dictate the direction for EUR/SEK?
AUD/USD has spurted higher reaching the highest price level seen in the past 3 months. The current price juncture is important as the pair tests a 5 year trend line.
Volatility in Dow Jones Industrial Average as measured through ATR is at its lowest level since March 2015. Previous periods of low volatility often led to dips in prices.
Dow Jones Industrial Average did increase but only marginally finishing last week up less than 1%. The market continues to consolidate near its all time highs.
The British Pound continues to slide as the BOE cuts rates, and Governor Carney hints at future easing.
The USD/JPY is consolidating with an inside bar after yesterday’s 216 pip decline.
The EUR/USD has retraced overnight to test key support found at 1.1200.
The AUD/USD has opened the session in a 86.8 pip range ahead of today's ISM data release.