2020

S&P500 (SPX500): Complicata Fase Di Congestione S2: 2,427.9     S1: 2,477.4     R1: 2,554.8     R2: 2,632.2 L’indice S&P500 evidenzia un andamento meno intenso dell’azione ribassista che potrebbe favorire uno sviluppo dei…
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Gold prices are slightly bullish, rising over 1.50% on the day. Price action reclaimed the resistance level of 1594. This puts the upside bias into the picture. In the event that prices pullback lower, then we expect the 1594 level to…
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Oil prices are caught in a bid, rising to a two-week high. The gains came after President Trump’s announcement about a possible OPEC supply cut. WTI crude oil rose to intraday highs of 27.31 before retracing some of the gains. Despite…
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The British pound continues to trade flat, maintaining a sideways range since March 27. The Stochastics also remains rather flat in the near term. This suggests that the momentum is still weak at the moment. However, we expect to see…
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The euro is down another 0.8% on the day. The declines could likely see a move to the lower support level at 1.0787. There is scope for a modest rebound ahead of the decline to the support level. However, the resistance level at 1.1030…
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The US didn’t start taking stringent measures against the pandemic till around mid-March. The rest of the world, on the other hand, had been sounding the alarms for weeks.  The true impact of the virus on job numbers will appear in…
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Tomorrow is NFP day. And, given the changes in the labor market recently, it's likely to get all of the attention. But even with headlines and market volatility around that, we shouldn't neglect the PMI data that comes out an hour and a…
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The past 3-4 weeks have brought a lot of volatility in the FX markets. The general trend has been a run to buy on the US dollar. However, other safe-haven currencies notably the JPY & the CHF are finding buyers compared to other…
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Tomorrow, we will be getting retail sales data from Australia and the EU. The figures will likely point to an increase in consumer spending. This is as a result of the general public stocking up on food and other basic necessities in…
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Gold prices broke down below the support level of 1591. This comes as price broke to the downside following the ascending wedge pattern. At the time of writing, prices are retesting the 1591 level once again. If resistance forms here,…
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