2020

Last Week’s highlights Reserve Bank of Australia Keeps Interest Rates Unchanged The Australian central bank held its monetary policy meeting last week. As widely expected, the central bank left interest rates unchanged ahead of the…
Read More

The precious metal rose nearly 2% on Friday breaking past the key resistance level of 1900 - 1911.15. The gains come on the back of a new stimulus bill in the United States, which is under consideration. With price action now clear of…
Read More

Crude oil prices closed on a soft note on Friday following a week of strong gains. Subsequently, price action closed bullish on a weekly basis. This comes after two weeks o declines. Still, prices are back at where they were, four…
Read More

The British pound sterling rose to a fresh one-month high, capping a three-day winning streak. The gains come broadly on a weaker greenback, but the GBP is also bolstered by the ongoing Brexit trade talks. Price action on the 4-hour…
Read More

The euro capitalized on a weaker US dollar, rising to a three-week high. Following days of back and forth, President Trump finally signaled interest in the coronavirus stimulus bill. This led to the dollar falling, amid rising…
Read More

Ferrari Down On New of New Fuel Tax Shares in Italian automaker Ferrari are trading a little over 1% lower pre-market on Friday. The company has been hit by news of a proposed new tax fuel in France. A Bloomberg report this week is…
Read More

The two largest economies in the world will be providing their inflation numbers next week. Normally, this would be a major event that would rile up markets. However, with monetary policymakers focusing on other things, the markets are…
Read More

The current AMZN structure shows the formation of a bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. The first four waves are fully complete. The final wave ⑤ is an intermediate degree impulse. In the medium term, a move in…
Read More

GBPNZD is currently registering lower highs as it attempts to move to previous levels in August. The current 50% 2.0275/1.9033 downside Fibonacci leg is providing some resistance. The recent bearish divergence suggests that momentum has…
Read More

DAX (Germany30): In Tenuta, Pronto A Ripartire S2: 12,850     S1: 12,945     R1: 13,112    R2: 13,183 Apprezzabile ritorno di forza per il DAX, dopo la scivolata di settembre, che tenta l'uscita rialzista dalla resistenza stimata in…
Read More