The official mantra, heading into probably the most critical week of the Brexit process, remains "no deal is better than a bad deal", but who in the UK still believes it (if anybody ever did) remains to be seen. | | | |
Get the NZD/USD Forex signal for October 16, 2018 here. | | | |
Get the AUD/USD Forex signal for October 16, 2018 here. | | | |
Get the USD/JPY Forex signal for October 16, 2018 here. | | | |
Get the BTC/USD Forex signal for October 16, 2018 here. | | | |
Get the USD/CAD Forex signal for October 16, 2018 here. | | | |
Get the USD/CHF Forex signal for October 16, 2018 here. | | | |
Get the GBP/USD Forex signal for October 16, 2018 here. | | | |
Get the EUR/USD Forex signal for October 16, 2018 here. | | | |
The Euro gapped lower initially during the trading session on Monday to kick off the week, but then rallied towards the 1.16 level above. | | | |
Bitcoin had an interesting session on Wednesday, initially spiking higher and breaking above the downtrend line that we have seen on the chart for so long. | | | |
The US dollar initially fell against the Japanese yen during trading on Monday, testing the ¥111.50 level, which is also the scene of the 61.8% Fibonacci retracement level from the most recent rally. | | | |
Monday was a wild session for crude oil, simply because as we started out the trading session, energy markets gapped higher as tensions between the United States and Saudi Arabia picked up. | | | |
The S&P 500 has been very choppy during the trading session on Monday as we kick off the week. | | | |
Gold prices ended Monday's session up $9.89 an ounce, supported by safe-haven demand and technical buying. | | | |
Earlier, the US Dollar came under pressure following the latest release of economic data which showed unexpectedly weak retail sales figures. | | | |
The Pound Sterling traded close to a 1-week trough as negotiators for the Brexit deal have hit a stumbling block. | | | |
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