Daily Pivots: (S1) 1.3045; (P) 1.3117; (R1) 1.3168; More… Intraday bias in GBP/USD is turned neutral with current recovery. Overall outlook stays bearish as long as 1.3297 resistance holds. Break of 1.2999 low will resume larger down trend from 1.4248. However, firm break of 1.3297 will bring strong rebound through 55 day EMA (now at […]
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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…