As November draws to a close, will there be a flexible handover in the White House when the College Electors meet next month? As US stocks and indices climb to record highs, will the end of year ‘Santa Rally’ move markets even… Read More

Shares in Bank of America are trading a little higher pre-market on Friday. The company’s share price continues to extend its impressive rally off the October lows. BAC has benefitted sharply from the broad upturn in risk assets sparked by… Read More

Turkey is scheduled to report its third-quarter GDP figures on Monday. For many traders, it will be at the end of an extended weekend. The economic situation in Turkey is, shall we say, complicated. Even though the data is relatively old at… Read More

The current APPL structure hints at a bullish impulse consisting of sub-waves ①-②-③-④-⑤. At the time of writing, waves ①-②-③-④ have ended with the latter being a contracting triangle. In the short term, we could expect a slight… Read More

EURCHF witnessed bullish momentum in the early part of November, pushing prices past the €1.08 area. A period of consolidation resulted in a spike at monthly highs aided by a hidden bullish divergence. However, since then, bears have… Read More

Dollar Shows Modest Gain, But Worries Continue The dollar index rose by 0.10% yesterday but failed to break the 92 handle, on a quiet Thanksgiving holiday. President Trump has signaled that he is prepared to leave the White House,… Read More

Gold Gold prices have come under heavy selling pressure this week. The safe-haven asset broke below the 1862.07 level which has underpinned price action since July. The sell-off was fuelled by the continued risk-on move which is sweeping… Read More

The precious metal is consolidating into a sideways range after falling below the 1817.80 level of support. On the daily chart, we have the long term support coming from the 200-day moving average. With price action closing flat,… Read More

The British pound sterling is retreating after rising to a three-month high. Price action is supported by the rising trend line at the moment. This could keep the GBPUSD currency pair supported for now. Failure to post any new highs… Read More

The euro currency is trading on a flat note on Thursday. This comes after the common currency rose close to 0.61% in the past two days. The flat movement comes near the 1.1900 level. The euro currency has breached past this level, but it… Read More