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DAX 30 & CAC 40 Technical Update: Support, Patterns to Watch

The sell-off yesterday in the German and French benchmarks are bringing into view trend-line tests, potentially bearish price patterns.

GBPUSD Price Slumps as Brexit Turmoil, USD Strength Takes its Toll

Sterling has broken down yet again against a resurgent US dollar and has slipped below 1.2700 for the first time in over four months.

GBPUSD Rate Breaks Bearish Sequence Despite Cautious BoE Rhetoric

Recent price action in GBP/USD raises the risk for a near-term rebound as the exchange rate fails to extend the series of lower highs & low from the previous week.

Australian Dollar May Extend Drop as Yen Gains on OECD Outlook

The Australian Dollar may continue to fall after a bruising Asia Pacific trading session as a downbeat OECD economic forecast update spooks risk appetite.

Samsung Lifts KOSPI on US Huawei Ban, FTSE 100 Outlook More Bearish

Equities embraced the US delaying banning Huawei as Samsung Electronics upheld South Korea’s KOSPI in Asia trade. The FTSE 100 is vulnerable to a brewing bearish technical signal.
 
 
 

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