DAX has a look above 16,500 and takes one step closer to a new record
Following on from a series of updates this week and last, the DAX has taken one step close to a new record high this afternoon. The DAX has lifted...
Dow Jones and Nasdaq flips positions as yields fall and tech rebounds
Ever since the opening for the US stock markets today we have seen a reversal in the divergence between the Nasdaq 100 and the Dow Jones, That is to...
GBP/USD takes out double bottom at 1.2604 but rebounds on JOLTS data
Not long before the US economic releases this afternoon, the GBP/USD made a brief move below the noted 1.2604 double bottom on the daily charts. The...
Yesterday the AUD/USD did eventually crack the 0.6300 handle on the downside. The low seen was set at 0.6386 and it later managed to avoid a daily close below 0.63, when ending the US session at 0.6302. Earlier today the Aussie stalled at around the same low level, basing out at 0.6387 and since then it has been on the rebound back above 0.6300 and above 0.6325 just now. The high seen has been set at 0.6326. So, there is the prospect of a double bottom being set in place on the daily charts at those noted lows, but it is way too early to conclude on that yet. Nevertheless, the AUD/USD is making some progress this morning and just now trading at 0.6324