VAST RESOURCES PLC ORD 0.1P, HERENCIA RESOURCES PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, PHOTONSTAR LED GROUP PLC ORD 0.01P, HSBC HOLDINGS PLC ORD $0.50 (UK REG), UNION JACK OIL PLC ORD 0.025P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
The complicated Elliott wave puzzle show us, clearly, what the probable entry level will be for a buy limit on EURUSD on the 1h chart. We are in full subwave III of the major wave 2. A 38% retracement would not fall below the resistance of the top of the wave I. A perfect fit for a good bullish restart.
Fundamentals:- The rate hike due out in December from the Federal reserve bank in the USA is now old news and the market has long priced in dollar strength. What is coming to light in the Eurozone is the bailout agreement for the U.K. and the European inflation slowly picking up pace. ECB tapering could be on the cards meaning the ECB will be looking at ways to...