Yesterday, was dominated by the USD bulls pushing the USD vs EUR to 7 years lows. Gains for stocks were erased, due to a bomb threat, of a football match in Europe where Angela Merkel was to attend. we had a fair amount of economic data realises throughout the day with better then consensus CPI reports from both the UK and UK. The manufacturing component of the US...
Yesterday was a fairly quiet day in financial markets this is taking into consideration the Paris terror major attacks over the weekend. The Japanese Yen and Swiss franc opened the week higher on safe haven attraction, but both currencies ended the day lower across the board, global stock indexes opened lower but came off the lows throughout the day. As analysts...
We have a classic break of consolidation to the downside. Support then becomes resistance which now being tested, We will target 1.44 with a SL 1.4700.
DXY(USD) is trading in bearish channel. Embracingmarkets.com has been short from 99.50 to target 95.00. From there we will look to start re-establishing longs.
embracingmarkets.com
We expect the DXY(USD) to target the broad up trend support. We are short to target the 94-95 levels, where we look to start re-establishing longs to target 106. embracingmarkets.com
