Latest Market News
Type: Bullish Rise Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bullish due to the current price approaching to cross above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to possibly head up towards the resistance at 4173.25, […]
Type: Bullish Continuation Key Levels:Resistance:1508.75Pivot:1469.00Support:1423.25 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance level at 1508.75, where the previous swing high is. […]
On Friday, the market major looks vigorous. The current quote is 1.0580. The market is discussing a possible increase in the European interest rate by 75 base points. Leading investors are now making lots of forecasts concerning this issue. We must admit, expectations are rather carnivorous. This supports the EUR. The statistics on the unemployment […]
Daily Market Outlook, December 9, 2022 Wall Street Rebounds Ahead of US Producer Prices Data Wall Street broke a week-long losing streak at the close of New York trading, and Asian equity markets followed suit erasing losses on the week, while investor sentiment remains somewhat shaky, markets have been buoyed by a belief that inflationary […]
UK Govt To Reverse 2008 Banking Reforms In a clear sign that the UK government is agonising over the loss of London’s status as the financial capital of Europe, cabinet today announced a new package of reforms aimed at boosting growth in the financial sector. The package of 30 measures, named ‘The Edinburgh Reforms’ essentially […]
BRENT On H4, the quotes of Brent oil are below the 200-day Moving Average, which indicates the prevalence of a downtrend. However, the RSI is already in the oversold area. A test of 0/8 (75.00) should be expected, followed by a bounce off it and growth to the resistance level of 2/8 (81.25). The scenario […]