Overall market sentiment is rather mixed for the moment. Despite the initial steep selloff overnight, major US indexes staged an impressive come back towards the end of the session. NASDAQ even eked out a slight Read more…
NASDAQ initially dived sharply to as low as 14530.22 overnight, but staged a strong rebound to close up 0.05% at 14942.82. Technically, we’re seeing NASDAQ as in correction to the move from 10822.57 to 16212.22. Read more…
Australia goods and services exports rose 2% mom or AUD 691m to AUD 43.86B in November. Goods and services imports rose 6% mom or AUD 2049m to AUD 34.44B. Trade surplus came in at 9.42B, Read more…
Australia retail sales rose 7.3% mom in November, well above expectation of 4.0% mom. That’s also the fourth strongest monthly rise on record. Total turnover at current prices hit a record AUD 33.4B. “Further easing Read more…
In the prepared remarks for the nomination hearing before Senate Banking Committee, Fed Chair Jerome Powell said, “today the economy is expanding at its fastest pace in many years, and the labor market is strong.” Read more…
DXY: On the H4 timeframe, prices are on bearish momentum and abiding to our bearish trendline. We would expect further bearish continuation from our 1st resistance at 96.029 in line with 61.8% Fibonacci extension towards Read more…
Dow Jones reversed from resistance level 36800.00 Likely to fall to support level 35000.00 Dow Jones index recently reversed down with the daily bearish Engulfing from the resistance level 36800.00, intersecting with the upper daily Read more…
USDCAD reversed from support level 1.2615 Likely to rise to resistance level 1.2800 USDCAD currency pair recently reversed up from the key support level 1.2615 (which has been reversing the price from the start of Read more…
Predicting oil prices is a difficult job at the best of times. Still, it is increasingly difficult as COVID-19 and its variants continue to suspend consumers’ plans and disrupt the balance between oil demand and Read more…
As mentioned earlier, there hasn’t been any relief for technology stocks or cryptocurrencies at the start of the new week. But at the time of writing, Bitcoin was sharply of its earlier low after dipping Read more…