Monthly Archives: June 2018

Risk appetite holding up ahead of Trump/Kim summit

Market reaction to a remarkable end of the G7 summit has actually been rather surprisingly risk positive. Donald Trump may well be firing off Twitter based salvos at the US’s supposedly strongest allies, but in spite of this rather worrying stance taken from the US President, market sentiment has…

NZDCAD: Keep This on Your Radar Next Week

As I type this, the NZDCAD is testing 4-hour ascending channel support for the third time since its inception on May 23.

I’ve written about this type of price action in the past. Whenever a market begins to lean on a support level like this, it usually suggests that a breakdown is imminent.