EUR/USD: As risk aversion spreads from global stocks, the greenback stood triumphant against the bulk of its peers Tuesday.
By: Dima Chernovolov USD/JPY continues to fall inside the clear daily Triangle chart pattern which was recently identified by Autochartist.
Market Overview There is a deterioration in risk appetite that has formed across financial markets today as equities on Wall Street tumbled last night and traders react to falling Treasury yields.
EUR/USD: Monday witnessed the euro advance against its US counterpart, reaching highs not seen since Nov 7.
Brexit remains a key uncertainty for UK assets, whilst the Italian budget is also important in Europe, and developments in the US/China remain crucial for risk appetite.
By: Dima Chernovolov GBP/NZD continues to rise inside the 4-hour Down Channel chart pattern which was recently identified by Autochartist.
Market Overview Focus has turned back to the US/China trade dispute after there was little sign of any agreement at the Asia-Pacific Economic Cooperation summit at the weekend, something that has muted risk appetite today.
EUR/USD: Weekly Gain/Loss: +0.85% Weekly Close: 1.1416 Weekly perspective: A stronger-than-expected rebound developed just north of demand at 1.1119-1.1212 last week, consequently breaking a four-week bearish phase.
By: Dima Chernovolov EUR/NZD recently broke the hourly Down Channel chart pattern which was recently identified by Autochartist.
Market Overview Political risk in the UK is now huge.