Germany Ifo Business Climate rose from 86.4 to 88.6 in December, above expectation of 87.2. Current Situation Index rose from 93.2 to 94.4, above expectation of 93.5. Expectations Index rose from 80.2 to 83.2, above Read more…
Gold had been trading within a descending channel for the most part of 2022 but managed to stage a moderate rebound since early November. Even though bullion has recovered significant ground, its recovery seems to be on Read more…
EURUSD opened the week with positive momentum marginally below the 1.0600 level, having slightly trimmed some of its recent gains as overbought signals appeared on the chart. The RSI keeps fluctuating comfortably above its 50 Read more…
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NASDAQ . As our members know, the Index shows bearish sequences in the cycle from the Read more…
Japan’s inflation rate is finally starting to tick up. It’s expected that the country will report a further increase in inflation in November to 3.9% from 3.7% prior. But, before that information is made available, Read more…
The Dax 40 slumps over risk-off sentiment into the holiday season. The rally came to a halt near last June’s high of 14700. Then a break under the lower end (14150) of the previous consolidation Read more…
Silver falls back as the dollar extends sharp gains across the board. A bearish RSI divergence showed a slowdown in the rally. After a double top at the psychological level of 24.00, the first wave Read more…
The pound tumbled after the BoE expressed concerns of a prolonged recession. On the daily chart, the near 3-month long consolidation might have come to an end after a bullish candle above 0.8650. The surge Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add confluence to this, the price is above the Ichimoku cloud which indicates a bullish market. If the bullish momentum continues, Read more…
Market movers today There are only few key data releases left for 2022, and this week will be a quiet one ahead of Christmas as the main focus remains on digesting last week’s central banks Read more…