Share ideas, debate tactics, and swap war stories with forex traders from around the world The FTSE continues to revert to its mean within its Bollinger trading range, holding steady around the 6, area for the last few trading sessions. FTSE Levels Current support remains around the % Fibonacci retracement (6,) where the lower bound of the Bollinger range is now converging, showing that momentum is shifting slightly higher By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. EUR/USD: Consider Going Short On A Bounce Into – Nordea Nordea FX Strategy Research discusses EUR/USD outlook, and recommends that investors should consider establishing short positions on bounces into the level
EUR/USD in mid-range: up or down from here? | Forex Crunch
A sell-off in US bonds intensified again on Wednesday causing yields to pick up and tech stocks to take a dive for a second week. Bond yields had been rising steadily since the beginning of the year, with high-growth technology companies being hardest hit as their valuations were underpinned by low rates, making them highly sensitive to interest rate expectations. The tech-heavy Nasdaq shed 3.
Part of this move higher has to do with investors increasing bets that the Federal Reserve will be pushed into tightening its monetary policy as a response to rapidly increasing inflation, causing an increase in the cost of doing business and making stocks less attractive, forex mid range. In Europe, equities are holding up slightly better as the market is made up predominantly of cyclical stocks that will eventually forex mid range from rising inflation from an increase in economic activity.
The FTSE continues to revert to its mean within its Bollinger forex mid range range, holding steady around the 6, area for the last few trading sessions. Current support remains around the The FTSE is likely to continue facing a lot of noise with a tendency to follow US equities, but I think it can continue to see a trend higher as long as it remains above the 6, area. A break higher past the upper limit of the Bollinger bands seems unlikely given the current set up, but a slow-paced uptrend could continue to unfold in the next few days, at which point the 6, mark becomes forex mid range next target, which has been an area of strong resistance since the FTSE below it back at the beginning of January.
FTSE Daily chart. Learn more about the stock market basics here or download our free trading guides. Follow Daniela on Twitter HathornSabin, forex mid range. Privacy Policy Terms Of Service About Us Affiliate Disclosure DMCA Policy Contact Us.
News Ticker. Key Talking Points: Tech stocks suffer further declines as bond yields pick up momentum again FTSE continues to revert to its mean, bias tilts upward, forex mid range. Recommended by Daniela Sabin Hathorn Get Your Free Equities Forecast. Be the first to comment Leave a Reply Cancel reply Your email address will not be published.
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, time: 10:05FTSE Forecast: Holding Steady Mid-Range, Bond Yields Rise Again
By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. EUR/USD: Consider Going Short On A Bounce Into – Nordea Nordea FX Strategy Research discusses EUR/USD outlook, and recommends that investors should consider establishing short positions on bounces into the level 6 hours ago · Daily Pivots: (S1) ; (P) ; (R1) ; More No change in GBP/USD’s outlook as range trading continues. Intraday bias remains neutral 3/4/ · Forex Update: As of , these are your best and worst performers based on the London trading schedule: ����CHF: % ����GBP: % ����EUR: % ����NZD: % ����AUD Author: Daniela Sabin Hathorn
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