AUD/USD’s fall from 0.6706 resumed last week by late break of 0.6519 support. Current development suggests rejection by 0.6713 fibonacci resistance. Initial bias is back on the downside this week for 0.6413 cluster support (38.2% retracement of 0.5913 to 0.6706 at 0.6403). For now, risk will stay on the downside as long as 0.6628 resistance […]
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Markets Rating agency Moody’s publishes its verdict tonight on Belgium’s Aa3 rating review. Almost exactly one year ago, they changed the outlook on that rating from stable to negative. The decision reflected the risk that the (then) next government would be unable to implement measures to stabilize the government debt burden. In the absence of […]
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USD/CAD’s rise from 1.3538 resumed last week and reached as high as 1.4033. However, it couldn’t sustain above 1.4014/7 key cluster resistance and retreated. Initial bias remains neutral this week first. On the upside, sustained break of 1.4014/7 will suggest that USD/CAD is already reversing the whole fall from 1.4719, and target 61.8% retracement at […]
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GBP/JPY’s rally resumed last week and surged to as high as 205.30, but retreated sharply since then. With 201.24 resistance turned support intact, initial bias remains neutral this week and further rally is still in favor. Break of 205.30 will target 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. However, firm break of […]
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EUR/JPY’s up trend resumed last week and surged to as high as 177.91, but retreated sharply since then. Though, downside is contained above 175.03 resistance turned support. Initial bias stays neutral this week and another rise remains in favor. On the upside, break of 177.91 will target 61.8% projection of 161.06 to 173.87 from 172.24 […]
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EUR/GBP rebounded notably after gyrating to 0.8654 last week. Current development suggests that pullback from 0.8750 has possibly completed, and near term bullishness is retained. Initial bias is back on the upside for 0.8750 first. Firm break there will resume larger rally towards 0.8867 fibonacci level. On the downside, break of 0.8654 will resume the […]
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Week in review – Equities flashing red, peace in the Middle East and key milestones in Metals It has been a tense week for global markets as the US government shutdown enters its second week. What had initially seemed like a non-event is now beginning to rattle investors. The growing uncertainty around the absence of […]
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It’s something of a Black Friday in the crypto market with extreme selling in some names after Trump announced an additional 10% tariff on Chinese exports late in the day.
Bitcoin is down 6% on the day to $113,700 but much-larger moves are happening in smaller names, starting with the 11.5% drop in ethereum and escalating from there to 14% in Ripple and Solana along with 21% in dogecoin, 21% in cardano and 40% in fartcoin. Hardly any coins have been spared with virtually all altcoins outside of the top-10 down 20-30% and that’s after a significant recovery from the lows.
You can see the pain at our Live Quotes page or view our charts.
This article was written by Adam Button at investinglive.com.
Canadian Highlights Canadian and U.S. policymakers have yet to hammer out a trade deal, but negotiations are still ongoing. Trade-related headwinds dampened Canadian trade in August, with tariff-exposed sectors continuing to feel the pinch. Canada’s labour market recovered some of the jobs lost in the previous two months, while ongoing labour force growth kept the […]
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