Daily Pivots: (S1) 1.4536; (P) 1.4639; (R1) 1.4703; More… Range trading continues in EUR/AUD and intraday bias remains neutral. While stronger recovery cannot be ruled out, upside should be limited below 1.4910 resistance to bring Read more…
Short Term Elliott Wave View in Silver suggests the rally from 7.14.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 7.14.2022 low, wave ((i)) ended at 19.016 and dips in Read more…
Yesterday’s bullish price action suggests there could be further upside for silver over the near-term. Asian Indices: Australia’s ASX 200 index rose by 8.8 points (0.13%) and currently trades at 7,029.40 Japan’s Nikkei 225 index Read more…
Stock markets kicked off the week mixed, the European markets were up yesterday, while Nvidia plummeted the mood in the US, sending Nasdaq slightly lower. Nvidia shares dived 6.30% yesterday on news that the company Read more…
Market movers today US NFIB Small Business Optimism index will be published for July and the focus will naturally be on how inflation and labour market indicators have performed amid the recent recession fears. Chinese Read more…
Daily Pivots: (S1) 0.9705; (P) 0.9756; (R1) 0.9792; More…. EUR/CHF is staying in consolidation from 0.9697 and intraday bias remains neutral. Firm break of 0.9697 will resume larger down trend to 0.9650 long term projection Read more…
The forex markets are very quiet in Asian session today, and could remain so for the day with an ultra light economic calendar. Australian Dollar and Swiss Franc are currently the stronger ones for the Read more…
Silver’s rally from 18.13 resumes this week and breaks above 20 handle. In the bigger picture, 18.13 is tentatively seen as a medium term bottom, made after hitting 100% projection of 30.07 to 21.41 from Read more…
Australia NAB Business Confidence rose from 2 to 7 in July. Business Conditions rose from 14 to 20. Trading conditions rose from 19 to 27. Profitability conditions rose from 13 to 17. Employment conditions rose Read more…
Australia Westpac Consumer Sentiment Index fell -3% to 81.2 in August. The reading was on par with the lows of the Covid and Global Financial Crisis. Also, there was a cumulative decrease of -22.9% from Read more…