EURUSD is pressuring pivotal support at 1.1040 (Fibo 38.2% of 1.0781/1.1200 bull-leg), after facing several rejections at this level recently. Tuesday’s action is so far holding in a narrow range, following a strong fall in Read more…
On a higher degree time frame, we see gold coming higher into a fifth wave, but it may take some time before it finds the top, as we see an unfinished lower degree impulse. Gold Read more…
Check back for updates throughout the trading day U.S. equity futures moved lower in early Tuesday trading, while Treasury yields and the dollar held steady, as investors adopted a cautious stance heading into tonight’s presidential Read more…
Sure, it’s expensive, but in exchange you get a phone that unfolds like a napkin. | Image: Huawei After weeks of teasing, Huawei has officially launched the world’s first dual-hinged, triple-screen foldable phone and it’s Read more…
Market Picture The turnaround in sentiment on the US markets saw the crypto market capitalisation rise by 3.2% in 24 hours to reach $2 trillion. However, it is too early to talk about a reversal Read more…
GBPUSD hovers within critical zone Stochastics and RSI lose momentum GBPUSD has lost its positive momentum after the pullback on the almost two-and-a-half-year high of 1.3265, trading within the restrictive support area of 1.3045-1.3085, which Read more…
Markets This week’s opening session can be easily classified. Risk sentiment improved somewhat after last week’s beating with key European and US stock markets gaining slightly under/over 1%. That doesn’t cover ground lost though with Read more…
In August, UK payrolled employees fell by -59k or -0.2% month-on-month, marking a significant contraction. Meanwhile, median monthly pay increased by 6.2% yoy, an acceleration from the previous month’s 5.5%. Claimant count rose by 23.7k Read more…
The European and US indices rebounded on Monday, though the rebound was probably not based on high conviction, but looked more like the correction of last week’s decent selloff. The European Stoxx 600 rebounded to Read more…
In focus today In the US, we get the NFIB Small Business Survey. Also, Fed Governor Barr is expected to announce a reduction in the biggest banks’ capital hike in the latest Basel plan, from Read more…