Plunging bond yields have lifted these two stock sectors to record levels
Utilities workers helping restore power near Mobile, Alabama. Getty Images The real estate and utilities sectors are on track to close at record levels on Tuesday as investors search for yield in this low interest rate environment. Both sectors are...
EURAUD Bears Retrace Down; Halt at the 61.8% Fibonacci Level
EURAUD bulls pushed to a peak of 1.6678, slightly above the January 3 high of 1.6655, before sellers took control and sent the pair back down to 1.6230, which is the 61.8% Fibonacci retracement level of the up-wave from 1.5893...
Sterling Stays Pressured on Brexit, Canadian Dollar Pressured Too
Sterling and UK treasury are the major focuses today as all eyes are on Brexit again. UK Prime Minister Boris Johnson has indicated that he will call an election on October if the MP’s bill to seize control of the...
US Open – Trade Tariffs Begin, Brexit Drama, Oil Sinks On Demand Woes, Gold And Bitcoin Rise
Traders returned from a three-day weekend with concerns that the risky economic profile of the global economy got worse as concerns grow that US-China trade war will not yield a September meeting. Over the weekend, the US rejected Beijing’s request...
USD/TRY Outlook: Lira Advances After Bigger Than Expected Inflation Drop
The Turkish lira firmed on Tuesday as inflation drops (Aug CPI 15.01% vs 15.51% f/c, 16.65% July). The USDTRY pair fell to the lowest in 1 1/2 week, following multiple upside rejections under the top of falling daily cloud. Fresh...
RBA Left Rate Unchanged, More Flexible on Future Policy Decision
As expected, RBA left the cash rate unchanged at 1% in September. The accompany gin statement is largely unchanged from the previous one. RBA has not made any hints about a rate cut next month. Policymakers might want to take...
Sterling Selloff Continues on UK Politics, GBP/USD Breaks 1.2
Sterling’s selloff continues today as UK is entering into two crucial days regarding Brexit, and general election cold be called. Euro also follows as the second weakest on ECB easing expectations. On the other hand, Dollar is the strongest one...
GBP/USD Restarts Downtrend, 1.2000 Support At Risk
Key Highlights The British Pound declined below the key 1.2150 support area against the US Dollar. GBP/USD traded below a major bullish trend line with support at 1.2175 on the 4-hours chart. The UK Manufacturing PMI declined from 48.0 to...
This S&P 500 chart just sent a screaming sell signal—here’s how to trade it
Stocks are sending a sell signal. So says widely followed strategist Sven Henrich, founder and lead market strategist at NorthmanTrader, who told CNBC’s “Fast Money” on Thursday that one S&P 500 chart is showing the market heading for a major...
How to Trade the Inside Bar Pattern
The inside bar pattern occurs regularly within the financial markets. Incorporating the inside bar strategy within a trading system can enhance a trader’s market analysis technique. What is an inside bar? The inside bar is a popular reversal/continuation candle formation...