From the technical analysis perspective the price is currently trading around the 0.98 price area which is a very strong point of resistance since it consists of the 50% of the fibonacci retracement level, the daily trendline and the 50 day moving average. Given that the Stochastic indicator is also signaling an overbought level and…
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European Shares European indices fluctuated at the start of the new trading week, paring some of the gains registered last Friday as investors digest the latest batch of mixed macro data from Asia and brace for another volatile week. The fresh boost to risk appetite provided at the end of last week by whispers of…
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European Shares Share markets pared earlier gains on Wednesday, extending Asian losses while US futures also point to a lower open. This bearish sentiment remains mostly driven by profit-taking moves after benchmarks hit key resistance levels, following a two-day rally, while major uncertainties linger. EU stock investors have been disappointed by a higher-than-estimated UK CPI report earlier…
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European Shares Most EU benchmarks held their gains on Tuesday, extending the bullish sentiment confirmed overnight in Asia, as the rebound continues. Investors keep pushing stock indices higher following the rebound over the annual lows at the end of last week, and growing risk appetite can now be seen across different asset classes such as…
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Based on technical analysis the price is currently trading around the 1.24 price area which is a very strong point of resistance since it consists of the 61.8% of the fibonacci retracement level, the daily trendline which is valid since mid August and the psychological resistance of round numbers. Given this is a major resistance…
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The Group’s forex market offering is split into three main categories: forward, swap and spot. According to the official announcement, the demand in all three has increased in September. FX swaps was the instrument with the most absolute trading volume, generating an ADV of $1.36 trillion for the period, rising 10.7% from previous month’s 1.23…
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European Shares European markets climbed on Monday, alongside US futures, trimming some of last week’s losses as market sentiment strengthens. Utilities and energy shares are leading benchmarks higher this morning while the FTSE-100 index brings one of the best performances of the old continent, as investors cheered the reversal of previously announced unfunded tax cuts…
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On the other hand, should US inflation surprise to the upside, the Federal Reserve will be unlikely to deviate from its current path of hiking rates and reducing the balance sheet, in which case further dollar gains can be expected. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do…
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The UK government’s plans for an unfunded fiscal expansion is seen by most as an unorthodox and risky move. Therefore, it is likely to continue to cast a shadow over the country’s economic stability, keeping the pound under pressure. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not…
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TA would traditionally suggest an ongoing movement lower with there being no overbought signals from either the slow stochastic or Bollinger Bands and a fairly clear rejection around $1.15. The medium-term target might be 27 September’s closing low slightly above $1.07. However, the liveliness and duration of the dollar’s uptrend so far this year might…
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