Elliott Wave Analysis: GOLD and Silver Intra-day Update
GOLD is currently dropping from the highs, which can be first evidences of a completed bigger impulse from January of 24. That said, a drop below the 1300/1302 level would mean a deeper pullback to be in play, while a...
MARKET WRAP: Stocks Closed Higher Ahead of Fed Decision
Fed is likely to remain on autopilot and data dependent. Traders are not expecting another rate hike but they expect a dovish statement. Stocks The S&P 500 Index jumped 0.7 percent as of 15:32 in London. The Stoxx Europe 600...
UK 100 Index Creates Upside Rally in Short Term
UK 100 stock index (FTSE 100) is set to record another strong green day, surging above the 50-simple moving average (SMA) and the 23.6% Fibonacci retracement level of the downleg from 7900 to 6533 around 6858 in the daily chart....
Watch the Context Summits’ global economics panel
[The stream is slated to start at 10:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] David Zervos, chief investment officer of Jefferies’ global macro division is set to participate in...
December pending home sales drop to lowest point in five years, despite much lower interest rates
House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months. The Realtors’ pending home sales...
Dollar Surges after Strong ADP Job Data, FOMC Next
Dollar jumps notably in early US session against Swiss Franc and Yen following stronger than expected ADP job report. But strength in the greenback is not broad based. Traders are cautiously await FOMC statement and press conference, to see how...
Your first trade for Wednesday, January 30
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Amgen. Brian Kelly was a buyer of the Junior Gold Miners ETF. Steve Grasso was a buyer of Lennar. Guy Adami was...
India’s wealth managers find profit in the provinces
India’s leading private banks are adapting to a rapidly shifting landscape, as vast amounts of new wealth are created in new industries, by young entrepreneurs, many of them based in teeming provincial centres far from first-tier cities. Asia’s third-largest economy...
XAU/USD Will End Session At 1,315.00
During Wednesday’s morning hours, the previously drawn pattern was broken. Due to the fact, the chart was fully reviewed! In regards to the near-term future, most likely, the gold will be trading sideways to stay at the 1,315.00 level during...
UK’s BRC Shop Price Index Advanced To A Five-Year High Level In January
For the 24 hours to 23:00 GMT, the GBP declined 0.53% against the USD and closed at 1.3080, after UK lawmakers dismissed calls to extend the Brexit negotiations, indicating that the UK has exactly two months before leaving the European...
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