EUR/USD: Strong weekly hammer candle adds weight to morning star three-candle chart pattern on daily chart..should help prices rally again this week. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle


EUR/USD SHORT TERM TRADER: Long at 1.1910; stop below 1.1800. Target 1.2200.

EUR/USD POSITION TAKER: Long at 1.1910; stop below 1.1790. Target 1.2300.


Flat-footed high street
Springboard data

Retail analyst Springboard released data today that we might have guessed at already. A freezing March saw footfall across the UK drop 6 per cent, while rain in April resulted in a 3.3 per cent decline. For comparison, it dropped by 3.8 per cent at the end of the 2009 recession. Not a single region in the country saw a rise in footfall and London did less badly over these two months falling by just 2.4 per cent.

On the other hand they hit the nightclub scene. A survey by nightclub operator Deltic out today noted that consumer spending on nights out was up 6.9 per cent, said the 2,300 people who took part. Just over half (56.4 per cent) are going out at least weekly, rising to almost 70 per cent among 18-30 year olds. The pub was still the most popular place to unwind from the
stresses of the day, reports City AM.

Financial Markets & Political Commentary



, , , , , , , ,

Related Posts

About the author

High profile, trusted, veteran Technical Analyst with over 25 years’ banking experience. Key expertise in all areas of Treasury, especially foreign exchange, derivatives, fixed income and commodities. Acknowledged for personal contribution to new developments in the industry. Well regarded by the media for provision of accurate forecasts, succinct copy and entertaining sound bites. Thrives in dealing room environments – excellent interpersonal skills and a strong communicator with extensive business contacts. Looking for suitable and interesting opportunities.