Latest Market News
Chinese currency has risen significantly over the past few days after the government announced a further easing of social distancing measures and travel curbs. However, the rally may be at its initial stages as upside surprises in economic data will likely emerge with a lag in the coming months. Renminbi could strengthen even further against […]
The past week featured quiet volatility on FX and equity markets. The key gauge of US equity’s performance, the S&P 500, oscillated in a relatively narrow range (4050-3930) and is likely to end the week in the red. The price tested the 200-day moving average from the bottom up, but could not move much higher […]
Technical Trade Set Ups For Gold, USDJPY & AUDCAD Source: Tickmill
PPI In Focus Ahead of the November US CPI release next week and of course, the December FOMC, today’s US PPI release will be closely watched. The reading will be interpreted as an indicator of how CPI is likely to print next week with a strong reading raising the chances of a bounce back in […]
Type: Bullish Rise Key Levels:Resistance:2023.0Pivot:1945.0Support:1808.5 Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% Fibonacci line is before heading towards the […]
The BTC is doing a good job. On Friday, it returned above 17,200 USD, resting now at 17,215 USD. The price range remains excessively narrow. However, the fact that the buyers had enough strength to return above the intermediate resistance level, opens a pathway to 18,500 USD. This way will be long, if it ever […]