Latest Market News
Sterling falls against the euro following the release of ECB minutes. Sterling fell against a stronger euro on Thursday, as the minutes of the European Central Bank’s March meeting were more hawkish than expected. At their March 10 meeting, ECB policymakers appeared eager to reduce stimulus, arguing that conditions for raising rates had either been […]
Today, Thursday, oil prices returned to rise again, to compensate for some of the losses they incurred during trading on Wednesday, when they fell to their lowest level in 3 weeks. Oil prices started trading on the rise today, but later fell, and then rebounded in volatile trading, as fears of shortage of supplies dominated […]
The specter of stagflation in the EU greatly complicates the ECB potential to effectively use monetary policy. It becomes clear that commodity supply disruptions and trade contraction cement high inflation, while real output growth forecasts become less rosy as consumer demand may eventually begin to sag under the burden of rapid price increases. These concerns […]
NZDCAD Triangle On Watch Price action in NZDCAD is worth monitoring here. Following the rally across February and into early March price has since been caught in a block of consolidation under the bear channel top. The consolidation has developed into a contracting triangle pattern, hemmed in by the channel top. In light of the […]
• HSI50 reversed from resistance level 22655.00• Likely to fall to support level 21275.00 HSI50 index recently reversed down from the key resistance level 22655.00 (former support level which has been reversing the price from the middle of December). The downward reversal from the resistance level 22655.00 started the active impulse wave (c). HSI50 index […]
• Alibaba reversed from resistance level 120.00• Likely to test support level 100.00 Alibaba recently reversed down from the key resistance level 120.00 (which has been reversing the price from the middle of March) standing near the resistance trendline of the daily down channel from January. The resistance zone near the resistance level 120.00 was […]