Brent crude bounces higher as demand remains strong despite economic worries. There is definitely some optimism in the air. Recession concerns have abated with traders hoping for a less aggressive stance from the Fed amid weaker US data. Record US crude exports indicate that global demand has kept up. Meanwhile, Western allies’ price cap on […]
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Japan’s household spending declined for the fourth consecutive month in November, falling -0.4% yoy. While this was an improvement from October’s -1.3% drop and surpassed expectations of -0.8%, it still reflects ongoing consumer caution. The Read more…
Key Highlights USD/JPY started a consolidation phase above the 156.20 support. A short-term rising channel is forming with support at 157.10 on the 4-hour chart. GBP/USD accelerated losses below the 1.2350 support. AUD/USD and NZD/USD Read more…
Short Term Elliott Wave view in Gold (XAUUSD) suggests rally from 11.14.2024 low is unfolding as a 5 waves impulse. Up from 11.14.2024 low, wave (1) ended at 2721.41 and pullback in wave (2) ended Read more…