Crude Oil: Rebound
Pivot (invalidation): 47.75 Our preference Long positions above 47.75 with targets at 48.60 & 48.95 in extension. Alternative scenario Below 47.75 look for further downside with 47.50 & 47.20 as targets. Comment The RSI is mixed with a bullish bias.
Silver Spot: Turning Up
Pivot (invalidation): 26.1100 Our preference Long positions above 26.1100 with targets at 26.7700 & 27.0000 in extension. Alternative scenario Below 26.1100 look for further downside with 25.9200 & 25.7400 as targets. Comment The RSI is bullish and calls for further...
Gold Spot: Turning Up
Pivot (invalidation): 1876.00 Our preference Long positions above 1876.00 with targets at 1894.00 & 1900.00 in extension. Alternative scenario Below 1876.00 look for further downside with 1869.00 & 1862.00 as targets. Comment The RSI is bullish and calls for further...
Europe’s digital banks got a ‘wake-up call’ in 2020. And consolidation could be coming
The icons for the Monzo and Starling Bank banking apps on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — In a year when online banking has taken off, you’d think it would be a golden opportunity for...
FTSE 100 Spikes On Brexit And US Stimulus Optimism
The FTSE 100 soared on the first day of trading after the UK and the European Union reached a Brexit deal on Thursday. The index rose by more than 2.70%, outperforming all other European bourses. Most companies in the index...
Dollar Sellers are Back as EUR/USD Makes New High
Dollar’s selloff picked up again as year end approaches. While US stocks took a breath overnight, Asia markets ex-Japan is enjoying some solid buying for now. While Euro is strong against Dollar, it’s mixed against other European majors. Meanwhile, Canadian...
Stocks making the biggest moves midday: Snap, Boeing, Alibaba, Lemonade & more
Check out the companies making headlines in midday trading. Ormat Technologies — Shares of the alternative energy company advanced more than 4% after Bank of America initiated coverage on the stock with a buy rating and $96 target, according to...
No Post-Deal Rally for the Pound as Brexit Negotiations Far from Over
Britain and the European Union have just agreed on a post-Brexit relationship – including, of course, on trade – ending more than four years of uncertainty and political drama. However, with negotiators having less than 12 months to strike a...
USDCAD’s Negative Tempo Diminishes; Downside Risks Remain
USDCAD appears to be in the process of finding some footing on the 100-period simple moving average (SMA), after pulling back below the Ichimoku cloud and the 50-period SMA around 1.2818, in the four-hour chart. The strengthening 50-period SMA and...
Euro Surges in Quiet Markets, Yen Dives with Nikkei’s Strong Breakout
Euro’s rally is a focus in rather quiet markets today. Clearance of no-deal Brexit risk was a positive for the common currency. There’s additional boost from rumors that a EU-China investment deal is likely this week. However, we’d like to...
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