Tag Archives: FTSE

The ASX 200 made no progress to speak of last week leaving what’s becoming quite an elderly daily chart trading range completely intact

The rand has had a torrid week, following emerging market peers lower in a risk off market environment. Emerging market currency weakness has followed the trade war and a strengthening US dollar rhetoric as well as economic woes surrounding Turkey.

Recent changes in sentiment warn that the current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.

The Euro has been selling-off while the Yen has been gaining steam, bringing an outsized breakout last week to EUR/JPY. But with prices pulling up shy of 125.00, might a retracement be in store before bearish continuation?