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Germany's Ifo business climate index held steady in September at the previous month's level despite expectations of further deterioration.The business climate indicator fell from 85.8 to 85.7, better...
As we enter a historically weak period for the stock market, negative investor sentiment has moved above its historical average Meanwhile, recent developments at Adobe have made the stock an appealing...
EURUSD in a clear downtrend, posting a fresh 5-month bottom of 1.0614The descending 50-day SMA is approaching 200-day SMA, setting the stage for a death crossMomentum indicators are heavily skewed to...
US Dollar and Fed TakeawaysEurozone PMIs are on tap tomorrow, with expectations showing the potential for continued contraction. EUR/USD remains within a bearish channel as it tests a key support zone...
The {{EUR/USD}} formed a Low 1 short on September 19th. The context was bad for the bears, and the odds favored buyers below for at least a scalp. The bulls and bears both sold above the September...
Fed kept rates steady; target range remained at 5.25%-5.50% (as expected) Dot plots showed 12 of 19 expected policymakers (12 also called for one more hike in June) Fed projections saw rate cut bets...
The EUR/USD formed a Low 1 sell setup yesterday. However, there are likely buyers below. Most Low 1 sell setups have buyers below, which leads to deeper pullbacks. This is because the context for the...
EURUSD continues to exhibit low volatility ahead of today’s Fed meetingIt tested the May 31 low and bounced higher but remains below the 1.0720 levelBearish sentiment lingers but the SMAs’...
The EUR/USD yesterday created a strong bull trend bar, closing above the prior bar’s high. This is a sign of strength by the bulls and will increase the odds of bears buying back shorts after...
Modest US dollar weakness is emerging as the Fed begins their two-day policy meeting; the euro is back above the 1.07 level, while the loonie is advancing below the 200-day SMA, and as the...
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