Crude oil finds a bid following a 15% correction

Crude oil update with focus on what has supported the recovery seen this weekWhat is our trading focus? OILUKNOV20 – Brent Crude Oil (November) OILUSOCT20 – WTI Crude Oil (October) ____________________________________________________________________________________________________ WTI Crude Oil (OILUSOCT20) and Brent Crude Oil (OILUKNOV20) have both managed to find support following their recent sharp correction...

Strong ZEW number suggests significant upside in European equities

Yesterday's strong ZEW reading suggests European equities will be much higher over the coming months if history any guidance.Yesterday the ZEW Expectations of Economic Growth Index for September hit 77.4 vs. estimated 69.5 hitting the highest level since May 2000. Given the ongoing uncertainty over Brexit with Boris Johnson’s latest...

UK : Deflationary forces intensify

A quiet day in Europe with the most important release being the UK CPI for the month of August. It confirms that deflationary forces are intensifying in post-lockdown period.In July, the official UK CPI figures surprised on the upside with the biggest driver being a strong rise in fuel prices...

Breakout Identified in AUDJPY

Signal ID: 73320 Time Issued: Wednesday, 16 September 2020 00:07:15 GMT Status: open Entry: 76.617 - 76.97 Limit: 76.078 Stop Loss: 77.488 The Breakout Opportunities system has just sold AUDJPY at 76.797. The system recommends entering this trade at any price between 76.617 and 76.97. The signal was issued because...