Monthly Archives: August 2018

Risk recovery stalls as markets begin to consolidate

Very little has changed in the trade dispute. Yesterday we saw a risk rally, born out of the announcement that low level officials between the US and China are set to meet again at the end of August. If this sounds tenuous, it is probably because it is, and probably hence why the recovery has…

EUR/GBP consolidates and continues to struggle at the familiar resistance at the 10-D SMA

EUR/GBP bulls made territory back in the rising channel formed back in late June down at 0.8730. The pound has been under pressure and only a break above the 10-D SMA vs the dollar might send a message to the bulls that the sterling is making a comeback, *back above the descending support line (29th…

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