Crude oil is trading around $89.84, pulling back after reaching the upper band of the downtrend channel that has been forming since September 23. Technically, the instrument is consolidating around the 200 EMA and the 21 SMA, which suggests it may resume its uptrend in the coming days. Crude oil has a key support level […]
There are plenty of ways to track the latest concerns around France and Europe, and we’ve already talked about some this week: Macro pulse: France-Germany yield spread breakout puts euro area contagion risk in focus Connecting the dots: How France’s budget problems are turning into the euro’s problem In adding to that, I think EUR/CHF is
Chart of the day: EUR/CHF is becoming a pressure gauge for Europe’s fiscal risks Read More »
CMC Funded, a simulated proprietary trading programme linked to CMC Markets, has selected Match-Trader as the technology foundation for its entry into prop trading. Match-Trade Technologies, which was founded in 2013 and supplies Match-Trader and brokerage technology, announced the choice today. Finance Magnates reported that the programme launched on 1 October. Benjamin Charbonneau, CFA, Managing
CMC Funded picks Match-Trader as technology foundation for its prop entry Read More »
Concerns about a repeat of the 2011–2012 debt crisis have returned to Europe. Risk premiums on peripheral bonds are rising, while markets are assessing which country could become the weakest link this time. France is not the only country attracting attention; Spain is also among the countries facing increased scrutiny. Spanish Prime Minister Pedro Sanchez
The Euro Comes Under Pressure Read More »
Oil prices have moved sharply lower after French President Emmanuel Macron said diesel and crude stocks would be released over four months, with G7 leaders confirming a release of up to 100 million barrels over the next 4 months. President Trump also posted that Europe had agreed to release a significant amount of diesel from
Tokyo core CPI rose to 2.7% year on year in September, against a consensus of 2.4%, according to investinglive, and the yen’s reaction was small. The figure, published at 08:30 in Tokyo today, compares with 1.8% in August and is the first reading above the Bank of Japan’s 2% target since January. USD/JPY traded at
Tokyo CPI jumps to 2.7%, beating forecasts; yen barely moves Read More »