2020

CRUDE OIL (US Crude Oil): Tiene L’Argine Su Quota 40$ S2: 42.10 S1: 42.51 R1: 43.18 R2: 43.44 Il quadro tecnico generale evidenzia in linea teorica uno sganciamento dallo scenario che inizialmente prevedeva un incastro di Onda 4 del…
Read More

Jobless Claims Give US Economy More to Think About The US index could not hold onto recent gains as it closed below 93 yesterday.   Thursday’s gain was short-lived as the US jobless data climbed above 1 million again indicating a slow…
Read More

Gold The yellow metal has been back under pressure this week amidst a resurgence in the US dollar. The rally in the dollar comes despite the July FOMC meeting minutes failing to indicate the Fed’s willingness to set a timeframe for…
Read More

The precious metal failed to make further gains beyond the 2000 level. Prices only briefly traded near this level before giving up the gains. Following the failed test at 2000, the precious metal fell lower, breaking past the 1967 level…
Read More

Oil prices are taking a hit after major oil producers warned of reduced demand if the current crisis continues. This comes following the OPEC meeting held on Wednesday. Investors were not expecting any production cuts from the meeting…
Read More

The British pound gave up the gains on Wednesday to close lower below the 1.3122 level. Earlier in the week, cable managed to rise sharply higher after breaking this very price level. A close below the technical resistance saw price…
Read More

The common currency erased gains after it managed to rise steadily above the 1.1900 level. Following the late FOMC meeting minutes, the euro fell as the dollar strengthened. This pushed the currency pair to close lower. The…
Read More

Shares in US tech firm Intel are trading a little under 0.5% lower pre-market on Thursday. The sell-off comes despite news that Intel has actioned a $10 billion stock buyback operation. The company announced on Wednesday that it is…
Read More

Retail sales figures have replaced other important data such as employment as the chief focus of central banks. When they mention "fast indicators", among them are retail sales figures. We are waiting for the economy to return to…
Read More