This Fakeout Breakout Could Be Easy Money On Tuesday
We have (2) easy clues on the charts tonight – a big move down and a bullish range. Put those clues together, and it’s easy to see why this Fakeout Breakout could be easy money tomorrow morning!
Financial Markets Report For Monday, Aug 5
In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, August 5.
OMXIPI Expected To Drop
The direction of the long-term moving average lines is clearly to the downside, hinting that one should anticipate lower index levels in the coming days.
USD/JPY Technical Analysis: Consolidation And Key Levels To Watch
The USD/JPY pair has seen significant movement recently, extending its decline from 161.95 to a low of 141.68.
The Morning After
This morning’s S&P 500 Market-on-Close (MOC) orders suggest a less frenetic risk transition to Asia.
NZD/USD Holds Above 0.5950 As US Recession Fears Mount
The NZD/USD pair recovers some lost ground around 0.5955 after retracing to near 0.5850 during the early Asian session on Tuesday. The softer US Dollar (USD) broadly provides some support to the pair.