Daily Pivots: (S1) 1.0954; (P) 1.0977 (R1) 1.1008; More… EUR/USD rebounds strongly today and immediate focus is now on 1.1120 support turned resistance. Sustained break there will argue that it’s at least correcting the decline from 1.2265. Intraday bias will be back to the upside for 38.2% retracement of 1.2265 to 1.0805 at 1.1363. On […]
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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…