The DAX broke higher during the week, after initially dipping down towards the €12,000 level. By breaking the top of the hammer from the previous week, this is a bullish sign and it looks as if were going to go looking for the €12,500 level above. That is an area that should be resistive, but in the overall look of the market, I believe we will be able to overcome that barrier. The DAX has been in an uptrend for some time, and should continue to be based ...
Looking ahead to the coming week, after the focus on the dollar and the euro over the last couple of weeks, it is the turn of the pound to be in focus in the coming week as we have the CPI data and the rate announcement and statement from the BOE. We also have the CPI and PPI data from the US in the coming week and a combination of all these should guarantee a lot of volatility in the GBPUSD pair. The price is now in a key region and clean and clear ...
The US dollar was under pressure but managed to stage a comeback. The upcoming week features rate decisions in Australia, Canada, and the euro-zone, as well as other events. Here are the highlights for the upcoming week. Australian rate decision: Tuesday, 4:30. Will they try to talk down the currency now?UK Services PMI: Tuesday, 8:30. The publication has a significant impact on the pound.Australian GDP: Wednesday, 1:30.US ISM ...
EUR/USD made a big breakout and topped 1.20 but fell quite quickly as well. Will it continue higher? The ECB meeting is undoubtedly the key event of the week, and there are other events as well. Here is an outlook for the highlights of this week. Spanish Unemployment Change: Monday, 7:00. Another drop is likely now.PPI: Monday, 9:00. In June, prices dropped by 0.1% m/m, as expected.Services PMIs: Tuesday: 7:15 for Spain, 7:45 for ...
It’s been just shy of a decade since Valve released Half Life 2: Episode 2. Gamers have slowly come to grips with the fact that Valve is never going to make a Half-Life 3, any more than it’s going to make a Left For Dead 3, or well, pretty much any other AAA game of note. Valve is a publisher, not a developer, and it’s focused on esports like DOTA 2. Not a great situation. Marc Laidlaw, ...
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