Tag Archives: FTSE

The Australian Dollar managed to recover some lost ground against its US counterpart but the dominant downtrend remains conspicuously intact.

The FTSE has continued to rally with momentum since bottoming earlier this month; it has resistance at hand, but a break above could put the index in open space for further gains.

US Dollar Bulls appear to be a needy bunch. Despite the most favorable fundamental backdrop via the Fed, the US Dollar continues to sell-off and now faces critical support.

The Dow is dropping after the third rate hike out of the Fed this year, but it was the removal of a supposedly inconsequential word from the statement that appeared to get attention.