The sell-off yesterday in the German and French benchmarks are bringing into view trend-line tests, potentially bearish price patterns.
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.
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.
The Australian Dollar may continue to fall after a bruising Asia Pacific trading session as a downbeat OECD economic forecast update spooks risk appetite.
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.