USDCAD rebounds off the uptrend line Holds within short-term SMAs MACD and RSI muted bearish momentum USDCAD is hovering within the downward sloping 20- and the 50-day simple moving average (SMA) lines but is still Read more…
Gold price surged toward the $2,000 zone before the bears appeared. Crude oil price is attempting a recovery wave above the $75.00 zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started Read more…
The gold price increased slightly in the quiet trading session on Thursday as the U.S. dollar declined during the Thanksgiving holiday. Possible effects for traders XAUUSD rose by 0.10% yesterday in a very quiet trading Read more…
The euro (EUR) gained 0.16% on Thursday as Purchasing Managers Indices (PMIs) came out better-than-expected. However, trading activity remained subdued due to the holidays in the U.S. and Japan. Possible effects for traders The results Read more…
Markets German Bunds sold off yesterday in a move that started on weak November EMU PMI’s and ended with Germany suspending its debt brake for (at least) another year. PMI’s remain at weak levels, suggesting Read more…
While the US economy has been surprisingly resilient this year to the Federal Reserve’s (Fed) aggressive monetary tightening, we cannot say that we have a similar soothing picture in Europe. The energy crisis, that followed Read more…
Market movers today Key focus today will be on the German Ifo survey and US PMIs. The Ifo survey increased in October and is expected to show a further increase in November in line with Read more…
Resurgence of inflationary pressures in Japan due to higher import costs from energy prices. The Bank of Japan may face renewed political pressure to normalize its current dovish monetary policy stance to negate significant JPY’s Read more…
Short Term Elliott Wave in Nasdaq Futures (NQ_F) shows cycle from October 27, 2023 low is unfolding as a 5 waves impulse. This cycle is mature even though it still can extend higher in the Read more…
Daily Pivots: (S1) 1.0883; (P) 1.0906; (R1) 1.0929; More… EUR/USD is extending the consolidation from 1.0964 and intraday bias stays neutral for the moment. Further rally is in favor as long as 1.0823 support holds. Read more…