60 Minute Bars Prepared by Jamie Saettele, CMT “Crude has staged a sharp reversal along with the rest of ‘risk’. The reversal idea is bolstered by RSI divergence on the daily and the fact that the decline from the May high consists of 2 equal waves. At minimum, a bounce is expected. The structure...
Market News Headlines As Markets Dismiss Headlines, EURUSD Volatility and Collapse Curbed US Dollar Holds Below Key Fibonacci Resistance- Rally at Risk, Part 2 EUR/USD: Trading the U.S. Consumer Price Report
Bank bill futures for December delivery dropped to the lowest in more than two weeks on the Sydney Futures Exchange yesterday, indicating a 62 percent chance the central bank will boost borrowing costs after a government report showed consumer prices rose last quarter at the fastest pace since 2006.
European Central Bank council member Erkki Liikanen said the single currency isn’t in crisis, even after a third country in the bloc sought a bailout and as Finland’s next government may limit the region’s rescue tools.
Tano Capital , the family office of the founders of Franklin Templeton Investments, opened a unit in Singapore as it expects investors in its hedge fund to benefit from a strong local currency.
Peru’s benchmark stock index fell after former Peruvian military rebel Ollanta Humala , a one-time ally of Venezuelan President Hugo Chavez , opened a six-point lead in a presidential poll before a June 5 runoff vote.
Kiwi businesses importing from and exporting to China could be among those who would benefit should the renminbi become fully convertible – which means removing all restrictions so the currency can be bought or sold freely.