Oil completes current week unchanged
Oil completes this week almost unchanged, local support is at $58 per barrel. [...]
Trading news
GBPUSD TO DROP ON WEAKENING MACRO DATA, DESCENDING TRIANGLE SUPPORTS THE MOVE
GBPUSD, Daily
Weakening U.K. macro data, dovish guidance from BoE governor Carney, and a series of consecutive lower tops and bottoms on the GBPUSD price is creating a technical bearish descending triangle that supports my view that the pair will trend lower towards the price objections 1.4960 (Target 1) and 1.4890 (Target 2). Given that this week is filled with scheduled market moving events i.e U.S. Fed Speak, Friday NFP, which should create wide price swings, supports my view to look for an opportunity of strength to sell into around the 1.5170 – 1.5225 zone.
Wednesday, 02 Dec, 2015 / 12:06
Trading news
US Retail Sales Bring Some Optimism
The monthly retail sales report from the United States showed [...]
UK and US Retail Sales Rise, But The Markets Are Still Cautious
Yesterday, the European indices took a hit, whereas the US ones were mixed. [...]
