Day: August 11, 2023

condorcapitalmarkets.ltd (Clone of FCA Authorised Firm)

Crude Continuing Higher Crude prices today broke out to their highest level since November 2022 as the rally off the YTD lows continues to gather pace. Crude futures are now up more than 30% off the lows printed in May and look poised for further gains while above the 82.59 level. Oil prices have been […]

TitleSPX500USD H4 | Bearish reaction off 100% fibo projection? TypeBearish Reversal Preference:Price is slowly heading towards out pivot point at 4516.3, which is at the 100% fibo projection. The overall market structure is currently making lower highs and lower lows, which shows that it is a bearish trend. Hence, if price shows a bearish reaction […]

ECB Concerned Over Economic Prospects In its latest economic bulletin released today, the ECB shared little in the way of optimism for the health of the eurozone economy. While the bank acknowledges that inflation is declining, it notes that CPI is still elevated and is expected to remain so for too long. Additionally, it notes […]

The US inflation report had a moderately favorable outcome for the market. Both overall and core inflation figures came in below expectations, slightly alleviating market tension linked to the risk of another rate hike by the Federal Reserve (Fed). Overall inflation eased from 3.3% to 3.2%, but more importantly, core inflation retreated by 0.1% to […]