Dollar anxious ahead of nonfarm payrolls, equities roar
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Trading news
STO Technical - Oil’s ascending triangle at risk?
Front month US crude has been forming an ascending triangle over the last 10 days. Expect volatility early next week when March futures are due for settlement, but breaks lower do seem possible. Support at recent lows of $53.40, resistance at $54.40-$54.50.
EUR/GBP continues to threaten a break below the 200 day moving average, currently around 0.8450. If successful, expect a move down to 50% retracement of post-Brexit referendum rally at 0.8395, resistance at 0.8585.
Friday, 17 Feb, 2017 / 9:57
Source : https://www.stofs.com/en/newsroom/entry/TECHNICAL/oils-ascending-triangle-at-risk
Trading news
Big Market Movers: What To Expect From The Non-Farm Payroll Report
The Non-Farm Payroll report will become more and more important in defining [...]
The week will be full of US data: inflation, jobless claims, retail sales, and [...]
