US stocks set to open mixed

Dow Jones and S&P lower. NASDAQ a touch higher The 4 day up streak in the Dow is at risk today as the index of 30 stocks is set to open lower. All 3 major indices close at all-time record highs on Friday despite the weaker than expected US employment report.   Markets are hopeful ...
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GBPUSD rebounds back above 1.3300

Low swing areas in play in the GBPUSD after plunge The GBPUSD  tumbled lower today on the swinging of the pendulum to a no deal Brexit this week.  Technicals also played a role. The GBPUSD fell below a trendline and swing area on Friday (see blue numbered circles) and today,...
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Pound sinks as Brexit mood music sours

GBP/USD falls to support around 1.3290-00, which stalled last week’s decline For bank trade ideas, check out eFX Plus Talk of the UK walking away and finger-pointing on the fisheries issue has sent the pound much lower on the session, with cable declining by over 1% below 1.3300 currently. The...
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EURUSD trades to a new day low

Some profit taking ahead of the weekend The EURUSD is trading to a new day low as the clock ticks toward the close.   For the week, the EURUSD moved above old swing lows from Jan, March and April 2018 between 1.2153 to 1.2164, but could only reach 1.2177 before sellers reentered. ...
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GBPUSD cracks below retracement support

Below trend line/38.2% retracement/swing highs from Tuesday and Wednesday The headline news that the EU/UK would not reach a deal today, has sent the GBPUSD now below the support defined by the: 38.2% at 1.3442 Swing highs from Tuesday and Wednesday at 1.34408 and  An upward sloping trend line ...
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