Coffee prices were depressed for a long time but have been rallying very strongly recently. The price has just broke $116 and is up 19% over the past month! This stunning rally is taking place despite weakness of the Brazilian real and one may wonder what happens if the BRL recovers. Technically one may notice a large reverse head-and-shoulders formation. Despite recent rally coffee price remains well below the decade average of $152.
Markets are nervous in December as a promised trade deal hasn’t come to fruition. This means that final act of scary tariffs may eventually play...
10:03 AMSummary: UK GDP M/M: 0.0% vs +0.1% exp. -0.1% prior Mixed read from industrial and manufacturing production Minimal GBP...
8:45 AMEarly European trade sees DE30 moving sharply lower as comments from China cool market sentiment again. The Chinese foreign ministry urged the US to “drop...
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