The Euro remained under pressure and slipped to a one week low due to risk off trades. Dismal German ZEW economic sentiment data showed that rising Covid cases and no deal Brexit fears were increasing uncertainty in the Eurozone Suggestion: BUY EURUSD AT CMP 1.1755 SL BELOW 1.1720 TGT 1.1790-1800 ELSE SELL BELOW 1.1700 TGT 1.1670 SL ABV 1.1730
Gold price continue to trade in a narrow range hovering near the $1900 levels amidst a steady dollar, fading chances of a new U.S. fiscal stimulus package being finalized before the November elections. US Treasury Secretary Steve Mnuchin said he and House of Representatives Speaker Nancy Pelosi were "far apart" on another coronavirus economic relief package, that...
Crude oil prices nudged lower as hopes faded for another round of U.S. fiscal stimulus before Nov election along with a strong dollar which kept pressure on price. House Speaker Nancy Pelosi rejected proposal from Senate Republican leaders for a smaller scale approach to new stimulus and demanded a revamped offer from the White House. Prices however got some boost...
"Confusion", "anxiety", "excitement", are just a few words depicting the market emotions and movement of yesterday. There has been a series of updates which are contributing to the market volatility. Gold is hovering around the $1900 level amidst, a firm dollar and lack of agreement on the new Covid relief bill. Also IMF released their global growth forecast...
Hello good morning I hope you’re right. A few days ago I published this idea to you, to this day it is the same I have only modified trend and lines by market movement. In the comments, in the 2 comments that our brokers commented that it would follow the second trend, The fall BEARISH . We believe that in the short term you will see high volatility whit...
Suggestion: BUY EURJPY FROM 124.30 TGT 125.20 SL BELOW 123.80 ELSE SELL BELOW 123.80 TGT 123.40/122.80 SL ABV 124.35
Sterling finished the European session on a high note against the US dollar on Monday, despite UK PM Boris Johnson announcing new restrictions in order to help curb the surge in coronavirus cases. Technically, the H4 timeframe tested an interesting area of resistance between 1.31/1.3064 , composed of the 1.31 handle, resistance from 1.3064, August’s opening value...
1,173,975 CONFIRMED FR COVID19 cases by 19th November 2020 before going up faster.
SPHealth - Growth Analysis & Comparison - Cindicator Poll Submission (October 7th - 20th 2020) I've been looking through my Cindicator questions, making forecasts and watching markets as new polls pop up. Here's a comparison chart for 5 major S&P health companies and my rankings forecast. (Descending order from most growth to least) United Health Group Inc...
Crude prices edged higher, touching levels of $43 on support from output shutdowns ahead of a storm in the U.S. Gulf of Mexico and prospect of supply losses in Norway along with hopes for some U.S. COVID relief aid supported prices. Prices got supported after reports of Saudi Arabia considering reversing course over OPEC’s planned production increase early next...
t was a relatively muted session for EUR/USD Thursday, capped under August’s opening value at 1.1771 on the H4 timeframe. An attempt to draw in fresh bids off October’s opening value at 1.1730 was seen, though price fell short at lows from 1.1732. Overhead, trend line resistance, taken from the high 1.1917, and the 1.18 handle is visible. Beyond here, we do not...
Thursday, as can be seen from the H4 chart, retested the 1.29/channel support (1.2805) combination and held firm, printing a close back above October’s opening value at 1.2925. This has potentially transferred energy back towards the key figure 1.30 ( surrounded by H4 resistance at 1.3009 and daily resistance at 1.3017).017/1.30 resistance (red area on the H4)...
Gold prices edged higher in the early morning session, supported by a weaker dollar and optimism over a new U.S. coronavirus relief aid after resident Donald Trump said talks with Congress have restarted. Giving a contrary statement as compared to few days back, President Trump said there was a good chance a deal over COVID-19 relief could be reached, but gave no...
Why is Boeing so important to the US and how the timing may be ideal to enter this trade in the next few days.
WTI Crude prices dipped over 1.7 percent to close at $40.2 per barrel as surge in U.S. Crude inventory levels clouded the demand outlook for Crude; however, lingering supply worries limited the fall. As per reports from the Energy Information Administration, U.S. Crude inventory levels rose marginally by 501,000 barrels in the week ending on 2 nd October’20....
Bank of England policy maker Jonathan Haskel said he’s prepared to back more monetary support for the U.K. if necessary as he warned that the near-term risks to the economy lie to the downside. He also signaled he’s supportive of negative interest rates as a policy tool, noting research that suggests it may have had a positive effect elsewhere. Prime Minister...
Gold prices were steady as mixed statements regarding the new Coronavirus relief bill, kept the bullion afloat. Top White House officials downplayed the possibility of more coronavirus relief, while House Speaker Nancy Pelosi disparaged U.S. President Trump for backing away from talks on a comprehensive deal. U.S. Federal Reserve policymakers split over how to...
in the recent past, when we see a Ichimoku Cloud break in the VIX ( Volatility S&P 500 Index ) we see a strong acceleration upwards. The most recent example of this was on 13 Feb 2020 Inversely proportional to the VIX , the S&P 500 Index had a significant breakdown, represented on 21 Feb 2020 Since COVID19 outbreak, governments around the world have been...