2021

XAUUSD seeks support Gold softens as the US dollar edged higher. A surge above 1788 and then 1808 has prompted the bears to cover. The precious metal is looking for support after the breakout stalled with an overextended RSI. A…
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Normally, as the end of the year approaches, housing activity in the US slows down. It's seasonally normal for new house completions, sales, and even price drops. There are several reasons for it, from people focusing more on the holidays,…
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The current XAGUSD structure suggests the development of a cycle triple zigzag w-x-y-x-z. On this chart, we can see the final part of the bearish wave y. There is an assumption that the price has reached a peak. In turn, this means…
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AUDUSD sees limited rebound The Australian dollar softens over dovish RBA meeting minutes. The pair has met stiff selling pressure near the 30-day moving average (0.7220). On the hourly chart, a bearish MA cross and a break below…
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AUDUSD suggests the development of a bearish intervening wave x of the cycle degree. It hints at a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Apparently, at the time of writing, a bullish intervening wave Ⓧ is under development. This can take the form…
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Over the weekend, we had the somewhat shocking news that the chief Brexit for the UK, Lord David Frost, had tendered his resignation, effective immediately. Naturally, that set off alarm bells that something might be wrong with the UK-EU…
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Apple has informed staff that it is delaying a planned return to US offices indefinitely. A memo from the CEO said workers would get advance notes a month before a new return date is set. Other tech companies including Uber and Amazon…
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Yesterday, UK forward natural gas prices hit a new all-time high. At the start of trading today, they retraced a little, but that was far from mitigating the trend that has seen wholesale prices spike 600% in the last few months. Because…
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