100 moving averages, fibs, 50 levels, 2 oscillators + who knows what.... yea its bound to bounce off something alright lol
EURUSD is trying to push over the upper boundary of the Ichimoku cloud at 1.1063 after the drop on November 4 bounced off the 1.1005 support, which is the 23.6% Fibonacci retracement of the down leg from 1.1411 to 1.0878. However, the bearish crossover by the downward sloping Tenkan-sen line leans toward a down move, while the turn back down in the 20-day simple moving average (SMA) reinforces the bigger negative picture. The short-term oscillators are still in the negative region but suggest some improvement in the price. The MACD, despite having distanced itself below its red trigger line and into the negative ... (full story)
tweet at 6:03am: #UK's Johnson - We are going to postpone further corp tax cuts: Not exactly a vote winner but he's combatting Labour saying they will raise them. $GBP
Jeff Bezos can buy pretty much anything he wants. So people tend to take notice when the world’s richest person is reportedly thinking about making a big purchase. CBS Sports ...
tweet at 6:00am: Bundesbank says the slowdown of the German economy will probably continue in Q4, adding that the slowdown is unlikely to intensify markedly $EUR
Euro zone growth has stabilized and the European Central Bank’s recent stimulus scheme is working as intended, even if markets may still need more time to fully grasp the scope of ...
tweet at 8:15am: #ECB Lane: Worried about the impact of #Brexit on Ireland.: A disorderly Brexit is less likely but ECB and #BOE have worked closely together in last 2 years. tweet at 8:21am: ECB’s Lane: Doesn’t Think That ECB Is At The Limit Yet
tweet at 8:18am: Mood in Beijing about #trade deal is pessimistic, government source tells me. #China troubled after Trump said no tariff rollback. (China thought both had agreed in principle.) Strategy now to talk but wait due to impeachment, US election. Also prioritize China economic support. Mood in Beijing about trade deal is pessimistic, government source tells CNBC https://player.cnbc.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=7000109091 The mood in Beijing about a trade deal is pessimistic due to President Donald Trump’s reluctance to roll back tariffs, which China believed the U.S. had agreed to, a government source told CNBC’s Eunice Yoon. The U.S. and China agreed to work on a limited “phase one” trade deal in early October. China has pushed for a removal of the additional duties imposed on each other’s products in different phases, as part of the deal. Chinese Commerce Ministry spokesperson Gao Feng said earlier this month the two sides have reached an agreement on the tariff rollback. However, Trump said last week he has not agreed to scrap tariffs on Chinese goods, conflicting the signal from China and dampening hopes about a coming resolution to a jarring trade conflict. The trade war between the world’s two largest economies have dragged on for nearly two years. The Trump administration has slapped tariffs on