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The euro currency was posting strong gains on Monday, but price action gave back those gains intraday. The bullish momentum saw the euro testing 1.2000 level once again for the first time in two months. Following this brief retest,…
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Shares in US pharmaceutical company Pfizer are trading a little lower pre-market on Monday. Over recent weeks, the company has received a great deal of attention. This is due to the announcement that the COVID vaccine developed in a joint…
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The RBA is scheduled to have its last meeting for the year, and won't meet again until February 2nd. Given the relatively long period, the uncertainty around the end of the year, and geopolitical developments in January, the Reserve Bank…
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The EURUSD structure shows a  bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. Horizontal correction wave ④ recently ended, which took the form of an intermediate flat. After the end of this correction, we saw a rapid rise…
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DAX (Germany30): Dax Torna A Bussare Sui Massimi Storici S2: 13,037     S1: 13,186     R1: 13,424    R2: 13,513 L’indice tedesco DAX ha guadagnato moderatamente forza relativa superando di slancio quota 13,000, resistenza…
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USDJPY Looks for Jobs Volatility The much-battered US dollar may not be out of the woods yet. Judging by improved sentiment across the board - equities and commodities making new highs, investors are eager to exchange their greenback…
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Last week’s highlights US durable goods orders rise by 1.3% in October The monthly durable goods orders report measuring the new orders for manufactured goods surged more than expected. Data from the Commerce Department showed that…
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The S&P500 index rose by about 2.37% on the week. As a result, the index managed to pare losses from the week before. It also broke past the previous week's highs and is now back within reach from retesting the previous all-time…
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The precious metal continued to move lower following a brief pause for two sessions. However, as prices make a new low, there is a strong bullish divergence building up on the Stochastics oscillator. This could mean that the precious…
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Oil prices pared losses to close on a bullish note on Friday. This put price action back near Wednesday's highs close to the $45.50 levels. The overall short term momentum is to the upside in the oil markets. However, watch how prices…
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