We have already noted that this week promises to be calm but The Jackson Hole Economic Symposium is an annual symposium, traditionally gathering representatives of all the leading Central banks in the world, might give enough reasons for bursts of volatility.
The most vulnerable are the euro and the dollar. Weak inflation in the Eurozone (yesterday's report...
A temporary truce in the trade war was announced. Well, of course, a “truce” is not the right word we prefer a “pause”. The appreciation of the renminbi, as well as the decline in the VIX Index, are further evidence of tensions easing in the financial markets.
Against this background, we again pay attention to the sale of gold. But we note that sales with the...
On Monday, the markets continued to try to incorporate with the prices the G20 summit results. What Trump declared to be the victory in a trade war but is actually not. So, yesterday we observed the appearance of inefficiencies in financial markets that could be used to make money. In particular, we are talking about the gold falls into the bottoms of 1380-s,...
Following positive news on consumer and industrial confidence , service sentiment and business climate gives us positive outlook on eurozone.
Technical analysis confirmations
1-Daily and 1H MA match
2-Price rejecting Daily MA21
3-RSI 6 divergence
4-Price formed strong pin bar at significant previous low on 4H chart.
5-Good risk-reward 2:1
Indecision around support on both weekly and daily, showing bears have potentially run out of steam
Break above yesterdays candle will trigger a long
Target will be previous support
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