Eurozone trade surplus At new record high. Data from the European Commission yesterday showed that the European Union economy as a whole continues to chug along.
GBP/USD No longer overbought and holding rather better than expected. Chart/Comment – Nicole Elliott, Investors Chronicle
Bloomberg reports that two-month old Dutch talks to form a coalition government have collapsed. PM Mark Rutte’s Liberals had been negotiating with Christian Democrats, D66, and Greens to group together following a general election earlier this year.
GBP/USD..treading very carefully following their potential meddling ahead of referendum. Chart/Comment – Nicole Elliott, Investors Chronicle
GBP/USD: SHORT TERM TRADER: Long at 1.2785; stop below 1.2770. Target 1.3200. GBP/USD: POSITION TAKER: Long at 1.2950; stop below 1.2700. Target 1.3400. ~~~~~~~~~~~~~~~~~~~~~~~~~~` Snap Crackle and pop Its initial public offering as owner of messaging app Snapchat was in March at $17. Soaring subsequently[…]
EUR/USD “This would represent an important medium and long term change..” Chart/Comment – Nicole Elliott, Investors Chronicle
EUR/USD SHORT TERM TRADER: Stopped out of my short position at a small loss. EUR/USD POSITION TAKER: Square. ~~~~~~~~~~~~~~~~~~~~~~~ Crude oil slips Back to November Rather like the sort of moves we’ve seen in other major financial areas, the Trump-induced rally that started in November[…]
GOLD Losing altitude a bit more quickly now while Bitcoin trades..Chart/Comment – Nicole Elliott, Investors Chronicle
SPOT GOLD SHORT TERM TRADER: Short at 1271; stop above 1275. Target 1200. SPOT GOLD POSITION TAKER: Looking to go short on a weekly close below 1240. FOMC yesterday ~~~~~~~~~~~~~~~~~~~~~~~~~~~ Employment data tomorrow As widely expected the US Federal Reserve Open Market Committee did not[…]
GBP/USD: Nomura now targeting $1.3700 by year-end. Chart/Comment – Nicole Elliott, Investors Chronicle
GBP/USD: SHORT TERM TRADER: Long at 1.2785 for 1.3200; stop below 1.2700. GBP/USD: POSITION TAKER: Long at 1.2950; stop below 1.2700. Target 1.3400. ~~~~~~~~~~~~~~~~~~~~~~~~ Litigation looms For Puerto Rico In July the US territory defaulted on about $1.3 billion in state debt but a rushed[…]