Aussie is bearish since start of the year, with a higher degree A-B-C decline that can be coming into some important support at the 78.6% Fib level shown on daily chart. In fact, notice that drop from summer highs can be already counted in five waves, a bearish trend that can be finished after recent […]
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Market Picture Market capitalisation has fallen 2% in the last 24 hours to $3.30 trillion. Bitcoin, stuck near past highs, quickly spoiled the market’s mood, triggering a local profit correction after the rally. An active Read more…
In focus today In the US, a range of data is due for release in the afternoon. April retail sales will provide the first hard data evidence on how consumer behaviour has reacted to higher Read more…
Markets There were very few eco data to guide global trading yesterday. (US) equities took a breather. Details on US trade agreements with the likes China and the UK still have to be hammered out. Read more…