Month: May 2019

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The ongoing decline in Cable is now facing a potential visit to the 1.2696/62 band, according to Commerzbank’s Senior Technical Analyst Axel Rudolph. Key Quotes “GBP/USD has fallen below the February low at 1.2772 with the August, October and mid-January lows at 1.2696/62 thus being on the cards”. “Minor resistance comes in at the 1.2865
Daily thread to exchange ideas and to share your thoughts Happy Monday, everyone! Hope you all had a great weekend and that you’re ready to tackle the new week with renewed vigour. It’s been a decent start to the day so far with the aussie leading gains after a friendlier election outcome over the weekend. The kiwi
On Friday, Asia time, the price of BTC was smashed lower: At the time I commented I had not seen any speicifc noews. Over the weekend the info came out (Greg reported here) that it was the old reliable ‘more sellers than buyers’. Specifically: 5000 BTC order on Bitstamp (about $39M at the time of
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Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes GOLD PRICE OUTLOOK – TALKING POINTS Gold has potential to rebound sharply from its recent stretch of weakness if looming risks intensify XAUUSD might continue to face short-term weakness from the threat of recovering risk appetite and potentially hawkish Fed minutes Read about How to
Trade talks between the U.S. and China appear to have stalled. China has not shown willingness to revisit past commitments it made that it reneged on earlier this month. Sources say scheduling discussions have not taken place since the Trump administration ratcheted up its scrutiny of Chinese telecom companies. The CNBC was reporting late in