Brent crude oil prices climbed above 74 USD per barrel following OPEC+’s announcement to delay its production increase originally scheduled for December. This decision marks the second postponement by OPEC+ amid persistent global economic challenges Read more…
Check back for updates throughout the trading day U.S. equity futures edge higher Monday, while the dollar slumped lower and Treasury yields tumbled, as investors braced for a wild week on Wall Street with presidential Read more…
Market Picture The crypto market lost 1.7% of its cap in 24 hours to $2.24 trillion. The market is correcting as Trump’s chances of winning national polls diminish ahead of the election. For now, it Read more…
Eurozone Sentix Investor Confidence index showed modest improvement, rising from -13.8 to -12.8 in November, though it fell just short of the anticipated -12.7. Current Situation index also moved up slightly from -23.3 to -21.5, Read more…
Analysing the XAU/USD chart on October 18, we: → Established a long-term upward channel (indicated in blue); → Suggested that the target for bulls might be the upper red line, drawn parallel to the red Read more…
Eurozone manufacturing showed mild signs of stabilization in October, with PMI Manufacturing index finalizing at 46.0, up from September’s 45.0. This marks a slight improvement, but activity remains firmly in contraction. By country, Spain led Read more…
Gold is trading sideways, well below its recent high Volatility remains elevated ahead of the US election Momentum indicators remain mostly bullish Gold is trading sideways today and thus failing to forcefully react to the Read more…
AUD/USD is attempting a recovery wave from 0.6540. NZD/USD is also correcting losses and might recover further if there is a clear move above the 0.6030 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today Read more…
Cable’s drop to a new low last week occurred in only three waves from 1.3044, suggesting it’s likely part of wave “b” in a complex correction. Therefore, we are looking for a potential flat formation Read more…
Markets US payrolls and the Manufacturing ISM caused quite some intraday volatility on Friday but in the end didn’t change the broader market picture in any profound way. The US economy in October only added Read more…