POUND STERLING ANALYSIS & TALKING POINTSElevated US Treasury yields buoy dollar.US economic data under the spotlight later today.GBP/USD trades within the oversold zone of the RSI. GBPUSD FUNDAMENTAL BACKDROPThe British pound sell-off has not stopped post-Bank of England (BoE) and FOMC announcements respectively. The hawkish slant to the Fed’s rate decision of keeping interest rates
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EURO TALKING POINTS & ANALYSISEUR/USD held steady in data-light sessions for Asia and EuropeIts downtrend from July remains very much in placeHawkish comments from US officials will continue to weigh The Euro steadied against a broadly stronger United States Dollar in Tuesday’s Asian and European trading sessions. But the currency is like all other majors
Written by Chris Beauchamp, Chief Market Analyst at IGDow still fighting to hold 200-day moving average The buyers came riding to the rescue on Monday, causing a bounce from the 200-day simple moving average (SMA).This saw the price rally off its lows and finish the day above Friday’s lows, a small bullish signal after the
AUD/USD ANALYSIS & TALKING POINTSUS bond market guides AUD lower.US economic data and Fed guidance in focus later today.AUD bulls barely holding on. AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROPThe Australian dollar remains on the backfoot this Tuesday after the greenback (DXY) climbed to fresh yearly highs. US 10-year Treasury yields are now trading higher than those in
S&P 500 Index, SPX, Nasdaq Composite Index – Price Outlook:Only 18% of the members in the S&P 500 index are above their respective 20-day moving average.17% of the members in the Nasdaq Composite Index are trading with 14-day RSI below 30.What does it mean for the trend going forward? Market breadth in US indices has
Bitcoin, BTC/USD, Ethereum, ETH/USD – Outlook:Bitcoin rally fizzles ahead of a vital hurdle.ETH/USD falters at key resistance.What is the outlook and what are the key levels to watch? BITCOIN: Lacks upward momentumBitcoin’s inability to retest a vital ceiling at the end-August high of 28150 underscores the broader weakness – BTC/USD just doesn’t have enough upward
Major US indices eked out small gains to start the week, but it may be nothing more than an attempt to stabilise from recent sell-off, given the absence of a fresh bullish catalyst for now. The US 10-year yields continued its relentless rise to a fresh 16-year high above the 4.55% level while the US