AUDUSD could not successfully exit the consolidation area of 0.6200-0.6300 despite starting the week on a positive note, with the price remaining exposed to its 30-month low of 0.6169. The RSI is lacking direction below Read more…
WTI oil futures (December delivery) have been experiencing a prolonged decline since mid-June, while their two latest rebounds fell short at the lower boundary of the Ichimoku cloud. However, the commodity seems to be gaining some ground Read more…
The current Gold chart suggests the development of a large correction pattern, which takes the form of a cycle triple zigzag. The 1H timeframe shows the structure of the bearish cycle intervening wave x, which Read more…
WTI rallied after US inventories showed a surprise drawdown. While the rally above 86.00 and 90.00 has eased some pressure, the price hit resistance at the origin (93.50) of the late August sell-off and struggled Read more…
The Canadian dollar softened after the annual CPI eased to 6.9% in September. The price action is consolidating its latest gains after making a new high above 1.3840. A drop below 1.3700 has shaken out Read more…
The pound holds steady as Britain’s inflation rose to 10.1% in September. From the daily chart’s perspective, the pair is forming a flag-shaped pattern after its recent sharp slide. While Sterling clawed back some losses, Read more…
Markets We’ve grown more used to large bond yield moves over the past few months. But it still feels extraordinary when they appear out of thin air. That’s what happened yesterday during a trading session Read more…
Equities give back early-week gains on hawkish Fed talk, and mixed earnings. Netflix soared 13% yesterday, but Tesla lost more than 6% after the bell, after announcing a slight revenue miss in Q3. The UK’s Read more…
Market movers today Today the two-day EU Council meeting kicks off. Measures to limit energy price increases will be the main focus of the talks, but discussions about another round of EU-backed borrowing could also Read more…
Short term Elliott Wave view on Silver (XAGUSD) continued with bearish momentum from 10.04.2022 high calling for further downside. Decline from 10.04.2022 high is unfolding as a 5 waves impulse. Down from 10.04.2022 high, wave Read more…