GBP/AUD – BE THOROUGH, KNOW THE BIG PICTURE!
GBP/AUD – Post-Brexit The International Monetary Fund has just announced a downgrade in its growth forecasts for the U.K. economy. It is revising the 2017 expansion by 0.3% – from 2.0% per cent to 1.7% per cent. This is the first time it has adjusted the figures post-Brexit. Sterling/British Pound has recently traded higher against […]Continue reading «GBP/AUD – BE THOROUGH, KNOW THE BIG PICTURE!»
EUR/USD – 61.8% RATIO ENDS 3rd WAVE IMPULSE
EUR/USD – Change in Fortunes It’s no secret. The EUR/USD has gone from the most shorted currency against the USD dollar at the beginning of this year when trading began at 1.0341 to the most net long as of last week’s close. Basis IMM data, the net short has swung completely around from minus -$9.0bn […]Continue reading «EUR/USD – 61.8% RATIO ENDS 3rd WAVE IMPULSE»
DOW JONES UTLITY AVERAGE – END OF SECULAR BULL UPTREND?
List of Stocks traded in the Dow Jones Utility Average The Dow Jones Utility Average (DJUA) is a price-weighted average of 15 utility stocks traded in the United States – the current components are as follows: • AES Corp., (AES) – electric utilities • American Electric Power Co., Inc. (AEP) – electric utilities • American […]Continue reading «DOW JONES UTLITY AVERAGE – END OF SECULAR BULL UPTREND?»