Morning technical analysis – 6 February 2014February 6, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is trading relatively flat against the dollar ahead of the key ECB decision this afternoon. This has actually been the case over the last couple of days leaving the pair in a consolidation phase and unlikely to break out before the rate decision and […]
Morning technical analysis – 5 February 2014February 5, 2014 by Craig Erlam in Technical analysisEURUSDWe’re still waiting for the euro to break lower this morning, after it entered a period of consolidation against the dollar. The pair has tested the bottom of the flag formation, a bearish continuation pattern, on a few occasions but has so far only managed to […]
Given the recent pullback in broader-market indices, it seems like an appropriate time to add a bit of perspective with the following four nuggets:1. Even after this week’s pullback, the S&P 500 (SPY) is just 3.27% off its all-time high. Similarly the Dow Jones Industrial Average (DIA) and Russell 2000 (IWM) are just 4.27% and 3.21% off their all-time highs. […]
Daily Technical Analysis – 13 December 2013December 13, 2013 by Craig Erlam in Technical analysisEURUSDThe consolidation in this pair over the last couple of days, which previously looked like a triangle – a continuation pattern – has now become a descending triangle. This is typically a bearish pattern, regardless of whether it appears in an uptrend or a downtrend, so […]
Daily Technical Analysis – 21 November 2013November 21, 2013 by Craig Erlam in Technical analysisEURUSDWe’re seeing a bit of a recovery in the euro today, following an aggressive sell-off yesterday. This came as a result of a rumour that circulated around negative deposit rates being used as stimulus in the future over other rate cuts. Talk of further stimulus so […]
Twitter Inc.’s initial public offering may be a great opportunity for investors, but there’s significant risk of a disappointing payoff in the early days and weeks following the social media giant’s debut, says Colin Cieszynski, a market analyst at CMC Markets Canada.“Analysis of previous technology and social media IPOs with high public profiles over the last ten years shows that, […]
