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The dollar lost more ground…

  Good Morning,   – The dollar lost more ground and stepped back further from a 4-1/2-year peak hit on Monday. The dollar index stood at 87.634 versus Monday’s peak of 88.440. – Asian stocks trade higher on Thursday as the prospect of further stimulus from central banks in the region and Europe support the […]

Could Oil Prices Plunge to $15 a barrel?

  –  BoE’s David Miles: Turning point on rate is coming pretty soon; rate increase is sign of strength in economy. Also, Miles added that ‘New normal UK rate will be less than historical level. Inflation is extremely low, will move up’ as well as ‘likely path of rate increases will be gradual, since Greece, […]

GBPCHF is breaking the 61.8% Fibonacci level to the upside

The Brexit uncertainty remains the biggest challenge for UK politics and the biggest drag on Sterling heading into 2019. Reviewing the daily technical aspect, GBPCHF reached the 72.8% Fibonacci level and retraced back near to Daily (S1). The pair is currently closing above the 61.8% retracement level and is heading towards the trendline (T1). If […]