2020

Given the relationship between US President Trump and UK PM Johnson, it would seem at first glance that a Trump victory would be best for Brexit. But, as is usual with these geopolitical things, the situation is a little more…
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USDJPY Stalls as Massive Stimulus Looms Markets see the US stimulus package as a done deal, the only question is whether it will be a $1.9 or $2.2 trillion dollar check. Either way, money printing of this magnitude would only make…
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DAX (Germany30): In Trading Range S2: 12,401     S1: 12,523     R1: 12,738    R2: 12,831 L’indice tedesco DAX continua a lateralizzare controllato dai supporti stimati in area 12.150 dove sono concentrati i compratori. Le…
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The precious metal was trading flat on the week as price action gave back the intra-week gains. As a result, gold settled back near the 1900 level into Friday's close. Still, the overall bias remains to the upside, with price only…
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Oil prices gave back the gains, closing in the red on Friday at 39.74. Price action is likely to continue holding the sideways range between 41.00 and 38.83. In the short term, we see a divergence building up on the Stochastics…
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Last Week’s Highlights China Q3 GDP rises by 4.9% China's third-quarter gross domestic product rose 4.9% on the year. The increase in the GDP puts China's growth trajectory, back to pre-pandemic levels. The third-quarter increase fell…
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The British pound sterling closed with losses for the second consecutive daily session. This follows the rejection after price attempted to breakout above the 1.3122 level of resistance. If the current bearish momentum continues, then…
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The S&P500 closed on a bearish note, but price action pulled back from the intra-week lows. The bearish price action comes following the previous week's doji candlestick pattern. If we see a follow-through to the downside, we…
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The euro currency recovered from last week's declines, closing on a bullish note. Price rose to a five-week high before pulling back slightly into Friday's close. The EURUSD is now comfortably settled above the 1.1800 level with…
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