2020

Last week’s highlights Japan GDP rises 21.4% in Q3 There was some good news from Japan with the latest economic data showing a rebound in economic activity. Official data for the third quarter showed that the nation's GDP rose by 21.4%…
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The S&P500 index recovered strongly in a bid to test the previous all-time highs at 3674.80. However, the index managed to close briefly above the key resistance level of 3588.8. That said, the index closed below this level toward…
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The precious metal made some modest gains on Friday, but the upside momentum is starting to look weaker. Following the recent rise to the 1950 handle, the failure to breakout has led to weaker price action. While the 1850 level of…
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The British pound sterling pared losses on Friday to pull back above the rising trend line. Price action is now in a tight range with the 1.3300 technical resistance and the trend line. This could result in a possible breakout in the…
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Oil prices offset the losses from Thursday, posting strong gains on Friday. After consolidating near the 41.00 level of support, the commodity is once again testing the previous highs. The key challenge for crude oil will be the 42.68…
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The euro currency remains in an overall consolidation. However, price action is supported by the rising trend line which has held up on previous occasions. For the moment, a reversal off the trend line could potentially mark a small…
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Shares Higher Pre-Market Shares in US tech leader Amazon, famous for its online shopping, are trading a little higher pre-market on Friday. Amazon’s shares have been lifted by the news this week that the company has launched an online…
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The GBPJPY structure shows a standard zigzag that consists of primary sub-waves Ⓐ-Ⓑ-Ⓒ. Wave Ⓐ is a 5-wave impulse whereas corrective wave Ⓑ is an intermediate zigzag. Currently, we see the development of the final impulse in wave Ⓒ.…
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