On yet another strong day for the dollar, Wall Street posted record gains after a jump in the durable goods data and multi-year highs in consumer confidence suggested continued strength in the US economy. The S&P 500 has closed above 2000 for the first time as equity markets continue to push higher…
With the U.K. markets back online today after a holiday long weekend, playing catch-up is the order of the day. European credit markets are trading firmer this morning despite the non-rapturous applause in Asia that saw the Nikkei, Shanghai Composite Index, and Hang Seng Index close in the red after some quick profit-taking on the back of a strong rally over the past few weeks.
Gold for Wednesday, August 27, 2014 Over the last week now Gold has been falling lower back towards the medium term support level at $1290 however to finish out last week it fell sharply down to the previous key level at $1275.
The following are the intraday outlooks for EUR/USD, AUD/NZD, USD/CAD, and NZD/USD as provided by the technical strategy team at SEB Group. EUR/USD: Targeting 1.31221/04 next. There ain’t no rest for the wicked and there ain’t no rest for the euro…A short term 261.8% Fibo projection ref is cu..