Financial news and actionable analysis
The stock markets have been suggesting it for a while, and that is probably why they ignored the latest PMI figures from the US and Euro area. A two trillion USD fiscal stimulus is also helping the mood amongst investors. On March 24, we received a comprehensive update on the...
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The Dow Jones remains in a firm downtrend, and the trend will continue lower as long as the stock index trades below the March 17 high of 21351. Yesterday afternoon, a high was created around the 20377 level, and I suspect that if the Dow Jones revisits that level that...
GBPUSD has stabilized following yesterday’s 690 pips drop, but the downtrend remains firmly in place. The short-term trend will remain downwards as long as the price trades below yesterday’s high of 1.2135, and if we draw Fibonacci levels from yesterday’s high to low, we can derive the 50% correction level...
Today, the FTSE 100 slid below last week’s low, and from Friday’s high, the index was down by 15% by 8.30 am London time. As the trading session is about to end, the trend remains downwards in the FTSE 100 and will continue to be bearish as long as the...
Today, the EURUSD pair is little changed as traders try to figure out what will happen next with the price. The price was heading straight up from its January 20 low of 1.0777, and reached the high of 1.1498, 18 days later on March 9, 2020. Following that sharp move...
Trading in the Dow Jones futures has started for the new week, and immediately the Dow Jones has weakened. However, seen from a technical perspective, Friday’s close did enough to turn the very short-term trend bullish. Also, the Federal Reserve just reduced interest rates to the 0% to 0.25% interval...
It’s 21:30 GMT on Sunday, March 15, when the New Zealand dollar, NZDUSD, is trading at 0.6135. The New Zealand central bank, RBNZ, had just reduced interest rates by 50 basis points to 0.25%....
At the time of writing, the FTSE 100 was be down by near 5.5% from Friday’s close and trading around 5350 according to spread bet brokers offering weekend trading. If the index remains around 5350 as trading starts for the new week, then this means that the FTSE 100 will...
