Market Outlook: 5th December

The joke doing the rounds is that it took three days for the market to recover from Brexit, three hours to recover from Trump and three minutes to recover from Italy. After some brief sharp weakness, as the referendum result came out, global markets have bounced back stronger than ever.

EURUSD

EUR/USD moves were phenomenal. Yesterday’s range was the biggest since Brexit, beating the Trump-related moves.

eurusd-d1-safecap-investments-ltd

USDCAD

We have just reached a weekly 50% Fibonacci retracement (Blue line) for a sell off.

 

usdcad-h4-orbex-limited-2

usdcad-h4-safecap-investments-ltd

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s