reyrockstreet

reyrockstreet Updated 

Mixed US data overshadowed by political jitters in the UK. EUR/USD hovering around 1.1300 with no life of its own. The pair is trading around 1.1290, right above the 23.6% retracement of its latest decline, and, in the 4 hours chart, a few pips above a flat 20 SMA. Technical indicators in the mentioned chart have pulled back from their daily highs but...

reyrockstreet Updated 

Key Quotes : The EU and the UK agreed on a Brexit deal, yet to be approved by May's Cabinet and UK's Parliament. Brexit-related fundamental headlines largely overshadowing technical readings. The British media is full of reports that a Brexit deal is all but done. Officials still insist the agreement is not finalized. There are growing reports that the...

reyrockstreet Updated 

Gold is stationary in Asia on Monday as the markets consolidate with a US holiday to get through before key events such as US CPI will hit the slate. Gold has been suffering on higher US rates and the recent Fed comments which have been supporting the upside bias in the dollar. If bears can stay below the 50-D SMA now at 1210, having broken the 38.2% target...

reyrockstreet Updated 

Italy has until Tuesday to submit a revised budget draft to the EU. Italy-German yield spread looks set to rise in the EUR-negative manner as Italy is unlikely to revise lower its expansive budget deficit target. The EUR/USD is trading near 1.1325 after taking an early-Monday plunge into near-term lows as the broader market opens the new trading week with...