Price is approaching pivot level at 1.37660 which is in line with 78.6% Fibonacci retracement level, 78.6% Fibonacci extension and ascending trendline support. Price is still making higher highs and higher lows and price could potentially bounce to resistance at 1.39110, in-line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension...
High stakes on FOMC week ahead as US yields, USD poke back higher.
Today we look at the wave sent out by the US dollar and US yields poking back higher on a strong US Retail Sales report for August, even if the move was modest and the 10-year benchmark remains rangebound. Also, the latest on freight shipping rates, natural gas, China's Evergrande...
Market Quick Take – September 17, 2021
US equities closed only slightly below the closing level of the previous day after a choppy session, while the Hang Seng index managed to piece together a late rally after testing new 10-month lows overnight. Today sees the expiry of stock-related options and futures in the US. Elsewhere, natural gas...