Threats, Markets, Iraq And Oil Global threats are nothing new to markets, but the impact they can have is incredible. Commodity prices can jump quickly, and volatility can drive markets to the point of collapse; as we saw in the global financial crisis. These days, though, threats seem to be few and far between when it comes to markets. However, one of the largest threats to the markets has appeared this year, in the form of the ISIS in Iraq. Normally I try and avoid threats ...
Talking Points: GBP/JPY Technical Strategy: FlatSupport: 172.00 (61.8% Fib exp.), 171.53 (50% Fib exp.)Resistance: 172.21 (trend line), 172.59 (76.4% Fib exp.) The British Pound managed to claw its way back above the 172.00 level against the Japanese Yen on the back of supportive rhetoric from BOE Governor Carney. Prices are testing resistance at 172.21 marked by a falling trend line set from January. A daily close above this barrier initially exposes ...
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