AUDUSD falls to lowest level since July 11th

Takes out double bottom from October and NovemberThe AUDUSD has taken out the double bottom from October and November at 0.76245-26 THe and trades at the lowest level since July 11.  Earlier in the day the corrective move higher stalled at the 100 hour MA (blue line in the chart below). That has given sellers […]

Stocks in Europe end the day with losses

Major European indices are lower to start the weekThe major European indices are ending the day lower.  Concerns about Brexit are weighing on confidence: German DAX down -0.3% France’s CAC down -0.7% UK’s FTSE down -0.2% Spain’s Ibex down -0.4% Italy’s FTSE MIB down -0.55% Portugal’s PSI 20 down -0.75% In the 10 year debt […]