Published on Jul 22, 2016 Rep. Louie Gohmert, (R-Texas), on the impact of Donald Trump’s acceptance speech.
As US equity markets continue to defy gravity and move inexorably higher, so the VIX slides ever lower as market complacency takes hold with risk on appetite continuing to remain firmly on the menu.
The EURUSD pair went back and forth during the course of the session on Thursday, as we continue to bounce around the 1.10 level.
The AUDUSD pair initially rallied during the day on Thursday but turned back around to give up about half of the gains.
The EURUSD pair went back and forth during the course of the day on Monday, as we continue to flood sideways.
The AUDUSD pair gapped higher at the open on Monday, but then just sat there.
Last week’s bearish engulfing candle for gold on the weekly chart appears to have had some follow through at the start of the new trading week, as the precious metal fell victim to a renewal of risk appetite as most global equity markets made fresh monthly highs, and the S&P and DOW soaring into new high ground.
Published on Jul 15, 2016 The Starbucks (SBUX, quote) coffee chain will partner with an Italian baker Rocco Princi to sell the fresh-baked items in upscale locations.
EURUSD has been trading inside a range, moving between support at 1.1035 and resistance at 1.1150. Price is currently testing support at the bottom of the range and seems ready for a bounce back to the top.
GBPUSD remains in downtrend from 1.5016, the rise from 1.2795 is likely consolidation of the downtrend.