Daily Pivots: (S1) 1.1236; (P) 1.1258; (R1) 1.1294; More… EUR/USD’s break of 1.1299 minor resistance suggests that fall form 1.1482 has completed. Intraday bias is back on the upside for 1.1482 resistance first. Firm break there will argue that a medium term bottom was formed on bullish convergence condition in daily MACD. Stronger rally would […]
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Germany’s Ifo Business Climate Index declined to 85.7 in November, down from 86.5 in October, reflecting growing pessimism across key sectors of Europe’s largest economy. Current Assessment Index dropped from 85.7 to 84.3, indicating weaker Read more…
Gold price started a fresh increase above the $2,600 resistance level. WTI Crude oil prices climbed higher above $70.00 and might extend gains. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today Gold Read more…
Markets The PMI’s on Friday again highlighted the divergence in growth and confidence between the US and EMU. The glimmers of hope some optimists saw in the October EMU PMI reading where brutally rejected by Read more…