GBP/JPY near the Sept high and the Aug trendline All the excitement is mainly focused on the stock market but FX has been volatile as well. It’s no surprise to see GBP/JPY as the biggest loser today. The pair is down 1.6%. Technically, there is a case to nibble on the pair here if you’re […]
Stocks ran, Vix soared but Gold and CHF? Not much flight into the safetyThe Dow was down close to 1600 points. The S&P was down over -120 points. That often leads to a flight into the relative safety of the CHF. What happened? The USDCHF fell to 0.9323. That was down over the last hour […]
Notes: Last week we highlighted that the rally in Aussie was vulnerable as price struggled around the 2017 highs at 8125. The reversal of resistance snaps a seven-week advance in price – the last few instances saw an interruption (If not a larger correction) before resumption of the broader trend. Interim support seen at the […]
Bitcoin, Ether, Ripple, and other currencies continue to plummet for the second-consecutive week—threatening critical support levels which seem likely to spark bigger declines. Our IG Client Sentiment continues to warn that holdings remain remarkably one-sided in the cryptocurrency space. According to IG order books, a remarkable 72 percent of traders with open positions are long
New to Bitcoin? Be sure to check out our new Bitcoin Trading Guide! Bitcoin: Retail trader data shows 71.6% of traders are net-long with the ratio of traders long to short at 2.52 to 1. The number of traders net-long is 3.4% higher than yesterday and 6.6% higher from last week, while the number of […]
S&P below 50 day MAThe stocks are in a free fallThe Dow is down -622 after moving lower by 666 on FridayS&P is down -61 points at 2700, and trades below its 50 day MA at 2717.32.The Nasdaq is down -122 points or -1.7% at 7118. Its 50 day MA is still below at 7073.35.