The Euro consolidates above fresh low at 1.0891, after yesterday’s fresh weakness broke below targets at 1.0930/00. The third consecutive daily close in red gives strong bearish signal and opens strong support zone at 1.0818/08, former lows of 27 May and 20 July that marks the floor of multi-month congestion, capped at 1.1465/34. The pair […]

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The Euro accelerated lower on dollar-supportive Fed, after leaving lower top at 1.1082 and posting fresh weekly lows on today’s fresh weakness. Post-Fed bearish acceleration broke and closed below strong 1.10 support daily Ichimoku cloud base, turning near-term sentiment into bearish mode. Fresh weakness retraced so far over 50% of 1.0807/1.1128 recovery leg and is […]

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As we move into FOMC day, the markets have become characteristically settled. This will often be seen due to the potential volatility surrounding the aftermath of the decision tonight. It is interesting that prices of commodities have also started to see the selling pressure easing in the past 24 hours. Perhaps due to the liquidity […]

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Volatility in Asian markets has been elevated by the significant fluctuations in the Chinese Shanghai stock market. However, the big impact is coming across the commodities complex which remains under significant pressure as questions over the sustainability of Chinese demand continue to drag prices lower. The prices of oil, copper and gold are all under […]

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Market sentiment has been hit in recent days by sharp falls in the prices of key commodities which continue to fall back to multi-year lows which certainly does little to help the argument that inflation is ready to return. Data out of China over night will exacerbate this issue further still. The China HSBC flash […]

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Today’s Overview Market sentiment has been hit in recent days by sharp falls in the prices of key commodities which continue to fall back to multi-year lows which certainly does little to help the argument that inflation is ready to return. Data out of China over night will exacerbate this issue further still. The China […]

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The sell-off on commodity prices has started to impact across equity markets. With base and precious metals falling sharply in recent days, the oil price also joined in yesterday with WTI falling back below $50. Add in the disappointment of earnings releases from US corporate giants Apple and Microsoft and these moves are beginning to […]

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The dollar bulls had a bit of a wobble yesterday and this has induces a bit of corrective pressure near term for the greenback. The dollar weakness was generated by some weaker than expected earnings releases (from IBM and United Technologies) that, on a quiet day for macro data, questioned the potential for a September […]

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Greece has managed to use the bridge financing package of €7bn in order to clear its debt with the IMF and also pay off the ECB. Markets have taken on far more of a settled outlook as it appears that the powers that be have now got a sense of control over the Greece situation. […]

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European markets continue to settle down as the new week has begun in a far calmer sentiment than any of the past few Mondays. Greece will re-open its banks today. The capital controls remain in place but the withdrawal limit has been changed from €60 per day to €420 per week. For the risk of […]

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