During the following days we might be presented with the so expected retraction in the equities Market.
The fall of the Amazon was crucial to the behavior of the markets during the day and the good news of the “ 15 more words
Ahead of the data, GBPUSD pushed lower to trade below 1.70 handle on a worse than expected Retail Sales.
Looking ahead, the GBP may spur volatility in the lead up to the year-over-year Gross Domestic Product (GDP) figures, which will be released early today at 08:30 GMT. 82 more words
Technically, we should meet some buyers around 1,7000 (see chart below) :
This consolidation phase could easily extend to 1,6890/1,6900 (trendline), while the medium run trend could still remain active.
LCrude oil is once again on the rise as traders take advantage of global tensions to bump and sell the commodities. LCrude has been on a rollercoaster over the past week induced by speculation and not by fundamentals as the global oil supply remains without disruption. 78 more words