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Article By: Marc Chandler
Tuesday, March 3, 2015 6:27 AM EDT
The Reserve Bank of Australia defied expectations and left rates on hold earlier today. This has lifted the Australian dollar back to yesterday's highs near $0.7845 where it stalled. The derivatives market had discounted nearly a 2/3 chance of a cut today.
Article By: Martin Armstrong
Thursday, February 19, 2015 8:31 AM EDT
The London FTSE is closer to the USA in pattern than the rest of Europe. We see a consolidation pattern crawling along resistance levels. Our Energy models are showing it is running into resistance short-term, but we are not yet and the culmination of the trend.