Silver Could Outperform Gold
Gold wasn’t the only precious metal that rallied yesterday. Silver and platinum both gained ground too, while palladium – which had sharply outperformed over the past couple of months anyway – also joined the fun today. However the metals have...
WTI Oil Outlook: Limited Reaction on Downbeat Crude Inventories But Overbought Studies Warn of Pullback
WTI oil price bounced near new four-year high after short-lived spike to session low at $74.30 after US crude inventories rose much above forecast. EIA report showed US crude stocks were up 7.97 million barrels in the past week, strongly...
GBPUSD Extends Negative Move, Downfall Could Pause In Short-Term
GBPUSD has been erasing gains since the peak at 1.3297 on September 20 to fall back into the Ichimoku cloud. Yet, the RSI indicates that the downfall may stall as the indicator is near its 50-neutral mark, while the Stochastics...
Elliott Wave: YM_F Started Nesting Next Leg Higher
DJI Mini Futures ticker symbol: YM_F short-term Elliott wave view suggests that the index is nesting higher as impulse structure looking for more upside. The internals of lesser degree cycles is showing the sub-division of 5 waves advance in each...
AUDJPY Looking Less Bearish after Recent Gains
AUDJPY has posted a strong rebound from the 22-month low of 78.68 hit on September 7, making a higher high in the process. However, the pair hit a wall at just below the 82.50 level, putting into doubt the sustainability...
S&P 500: All Systems Go Heading into Earnings Season
On Monday, we flipped the calendar into a new week, month, and quarter, and beyond the weather getting cooler (at least for Northern Hemisphere readers!), that means that we’re on the verge of another quarterly earnings season for US stocks....
EURUSD Outlook: Break Through Key Supports Threatens On Further Weakness
The pair holds firmly in red for the fifth straight day and broke through strong supports at 1.1558/45 (50% of 1.1300/1.1815 rally/daily cloud top on fresh bearish acceleration in early Monday’s trading. The dollar strengthened across the board after US,...
USD/TRY Watch 5.9000
Pivot (invalidation): 5.9700 Our preference Short positions below 5.9700 with targets at 5.9300 & 5.9000 in extension. Alternative scenario Above 5.9700 look for further upside with 6.0000 & 6.0300 as targets. – advertisement –
Comment A break below 5.9300...
GBPJPY Aims At Key Resistance At 149.71 On Bull Pressure
GBPJPY aims at key resistance located at 149.71 level. This is coming on the back of its intra day strength during Monday trading session today. On the downside, support comes in at the 148.50 level where a violation will aim...
EUR/USD Trades Below Monthly PP
The European Single Currency depreciated 0.33% against the US Dollar since Friday’s session. On Monday morning, the rate was located below the monthly PP and the weekly PP at the 1.5878 level. In regards to the near future, the rate...
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