In my last article, the FTSE100 was drawing up a triangle which was supporting the overall bullish trend in the biggest picture.
It was a brutal week for global markets but FX has shown more panic in Euro and Sterling – even as US equities hold above June lows.
The British Pound continues to languish at levels not seen since the mid-1980s as inflation and growth worries continue to glower.
Brent crude oil continues to fall as fundamental headwinds gain traction.
US Treasury yields have risen further over the last week as markets price in higher interest rates for longer in the US. And that’s not good news for gold.
JPY trends have remained in-force as the BoJ remains one of the most loose and dovish Central Banks in the world. Will stronger inflation now at 31-year highs compel the BoJ to begin positioning for a change, however subtle it may be?
The Japanese Yen gained against the US Dollar as USD/JPY saw its most volatile day in over 6 years due to government intervention. What are key levels of support to watch ahead?
The Canadian Dollar continues to slide as the market prepares for a Fed hike in rates later today that has already boosted Treasury yields and the US Dollar. New highs for USD/CAD?
Login with Google
Login with Facebook