USD/JPY Sentiment Reaches Most Extreme Level Since 2012
The recent 1000 pip move lower has drawn bottom pickers to the pair. Sentiment extremes suggests further losses in the pair.
The recent 1000 pip move lower has drawn bottom pickers to the pair. Sentiment extremes suggests further losses in the pair.
Dow Jones Industrial Average opens strong today after a better than expected jobs report. We are anticipating a break higher above 18,167.
The EUR/USD is trading higher after ADP Employment Change figures for June beat expectations.
After a booming rally to finish the month of June strong, Dow Jones Industrial Average has been consolidating recent gains and trading in a sideways range as we await US jobs report.��
The USD/CAD is set to decline for the second consecutive trading session. Short term support is found near 1.2930.
WTI Crude Oil Prices have rebounded off key support this morning near $46.00.
After the monster sell off in GBP/USD in the wake of the Brexit vote, Cable has consolidated those losses and are retesting the Post Brexit collapse lows.
A 2 day sell off of nearly 6% from last Friday to this Monday in the Dow Jones Industrial Average has led to a Brexit bounce reclaiming most of the collapse
The British Pound continues to slide, as Bank of England Governor Carney has suggested that further easing may be necessary over the summer months.
WTI Crude Oil (CFD: US OIL) prices are currently channeling higher, after bouncing from monthly lows at $41.84.