Silver Spot: The Bias Remains Bullish
Pivot (invalidation): 17.6400 Our preference Long positions above 17.6400 with targets at 17.8800 & 18.0300 in extension. Alternative scenario Below 17.6400 look for further downside with 17.5400 & 17.4300 as targets. – advertisement – Comment A support base at 17.6400...
EU Indices Up This Morning | TA Focus On Cranswick
INDICESYesterday, European stocks closed in negative territory, with the Stoxx Europe 600 Index falling 0.8%. Both Germany’s DAX 30 and France’s CAC 40 lost 0.6%, and the U.K.’s FTSE 100 was down 0.8%. EUROPE ADVANCE/DECLINE69% of STOXX 600 constituents traded...
Yen Weakens on PMIs, Risk Appetite Firm Despite Trade Jitters
Yen and, to a slightly lesser extent, Dollar soften further as markets are in mild risk-on mode this week. There were some jitters from White House adviser Peter Navarro’s comments on US-China trade deal. But dusts quickly settled after his...
Coronavirus hot spots shouldn’t wreck the recovery, market bull Jim Paulsen says
Market bull Jim Paulsen believes coronavirus hot spots across the country won’t wreck the recovery. According to the Leuthold Group’s chief investment strategist, new cases won’t widely impact the economic reopenings. “At the same time those are having hot spots,...
RBNZ Meeting: Talking Down the Kiwi?
The Reserve Bank of New Zealand will wrap up its policy meeting at 02:00 GMT Wednesday, and while no action is expected, the choice of language could be crucial. Recent developments in New Zealand have been encouraging, which alongside stronger...
GBP/AUD in a Bearish Market – Elliott Wave Analysis
GBPAUD is bearish, now unfolding a five-wave decline into a higher degree wave 3, down from 2.059 level. We specifically see price in a sub-wave v of 3, therfore be aware of a temporary low and support at the 1.77/1.75...
US 500 Index Holds Marginally Below 100-SMA; Bullish in Long Term
The US 500 cash index found strong resistance around the 100-period simple moving average (SMA) over the last session, sending the indicators lower as well. The MACD is heading south below zero and its trigger line, while the RSI is pointing down below...
Dollar Softens Further in Mixed Markets, Risk Mildly on the Downside
The global risk markets are generally mixed today. While major European indices are trading slightly in red, US futures point to a higher open. Yen and Dollar remain the weakest ones for today so far, followed by Swiss Franc. New...
Country risk: Confidence shaken in UK investor outlook
Boris Johnson’s Conservative Party was elected on a pledge to “get Brexit done”, a message that chimed with some of those who had simply had enough of three years of social division and parliamentary logjam. And with the government emerging...
Gold Appears Poised For Breakout
Gold’s positive start to the week comes on the back of its recovery towards the end of last, when revived concerns over coronavirus dampened risk appetite slightly with the number of Covid-19 cases in the U.S. continuing to rise, while...
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