Italy’s political crisis only emphasizes debt is the real problem
Wing and a prayer: Matteo Salvini’s gambit backfired, but he could still be ‘the worst scenario’ Coalition governments in Italy are invariably risky endeavours, and so it proved on August 8 when Matteo Salvini, the leader of the right-wing anti-immigration...
How to Use Bollinger Bands® in Forex Trading
Bollinger Bands® are utilised by technical traders in all financial markets including forex. This article will introduce Bollinger Bands® and how they assist traders in technical analysis. It will also provide an overview of top strategies and tips for trading...
EURJPY Rebounds from 2½-Year Low, But Picture Still Negative
EURJPY hit a new 2½-year low earlier this week at 116.55 but found fresh buy orders and recovered a small portion of its losses. That said, the broader outlook remains negative as the price structure still consists of lower highs...
Eurozone Inflation Prints Due ahead of Draghi’s ‘Last Hurrah’
The euro area’s preliminary CPI data for August will hit the markets at 09:00 GMT on Friday, and forecasts suggest that inflationary pressures remain muted. Another weak set of data could amplify expectations for an aggressive stimulus package by the...
Trump says US and China resume trade talks Thursday ‘at a different level’
President Donald Trump speaks during the G7 summit in Biarritz, France, August 26, 2019. Carlos Barria | Reuters President Donald Trump said the U.S. and China are set to have trade talks on Thursday “at a different level.” “There’s a...
Stocks Rebound as China Backs Down on Tariff Escalation, Dollar Mixed
Stock markets stage a strong rebound today after China appears to be backing down from its hard line stance in trade war with US. Yen and Swiss Franc turn soft while commodity currency regain reverse earlier losses. Euro is also...
USDMXN Prints a Gravestone Doji and Pulls Back
USDMXN is printing a bearish candle in the four-hour chart after creating a gravestone doji, signaling the continuation of the negative correction. The RSI has also reversed south after peaking slightly below its 70 oversold level, providing additional discouraging signals...
Trading with the Cup and Handle Pattern
The cup and handle pattern occurs regularly within the financial markets. Incorporating the cup and handle strategy within a trading system can enhance a trader’s market analysis technique. What is a cup and handle pattern and how does it work?...
Privacy fears slow spread of UK-style data-sharing to combat money laundering
European banks are ramping up spending on the fight against financial crime, after a wave of money-laundering scandals on the continent. However, industry insiders betray little optimism about the impact it will have on crime, let alone on banks’ reputations....
Kiwi Declines To 5-Year Low After Weak Business Confidence Data
Sterling declined in the Asian session in reaction to the decision by Boris Johnson to suspend the House of Commons. This suspension raised the likelihood that the country would leave the European Union without a deal on October 31. The...