2020

The precious metal is extending losses as the 200-day moving average gives way. Price action is, however, showing signs of a rebound near the current five-month low. The Stochastics oscillator is also showing signs of a bullish…
Read More

Oil prices are down about one percent intraday. The declines come as OPEC leaders meet in Vienna. Rumors over the weekend suggested that OPEC+, which includes Russia, will keep the present production cuts in place. Technically, oil…
Read More

The British pound sterling continues to trade flat from last week. Price action is not making any new highs, leading to a consolidation. The support level near 1.3300 is holding up for the moment. However, if price action fails near…
Read More

The euro currency was posting strong gains on Monday, but price action gave back those gains intraday. The bullish momentum saw the euro testing 1.2000 level once again for the first time in two months. Following this brief retest,…
Read More

Shares in US pharmaceutical company Pfizer are trading a little lower pre-market on Monday. Over recent weeks, the company has received a great deal of attention. This is due to the announcement that the COVID vaccine developed in a joint…
Read More

The RBA is scheduled to have its last meeting for the year, and won't meet again until February 2nd. Given the relatively long period, the uncertainty around the end of the year, and geopolitical developments in January, the Reserve Bank…
Read More

The EURUSD structure shows a  bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. Horizontal correction wave ④ recently ended, which took the form of an intermediate flat. After the end of this correction, we saw a rapid rise…
Read More

DAX (Germany30): Dax Torna A Bussare Sui Massimi Storici S2: 13,037     S1: 13,186     R1: 13,424    R2: 13,513 L’indice tedesco DAX ha guadagnato moderatamente forza relativa superando di slancio quota 13,000, resistenza…
Read More

USDJPY Looks for Jobs Volatility The much-battered US dollar may not be out of the woods yet. Judging by improved sentiment across the board - equities and commodities making new highs, investors are eager to exchange their greenback…
Read More

Last week’s highlights US durable goods orders rise by 1.3% in October The monthly durable goods orders report measuring the new orders for manufactured goods surged more than expected. Data from the Commerce Department showed that…
Read More