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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 […]

Waves (WAVES) lost around half its value in April so far and risks further correction due to weakening technical and fundamental factors. WAVES price risks another 30% decline  WAVES dropped from nearly $64 on March 31 to around $27.50 on April 7 — down by over 55%. As it fell, the WAVES/USD pair also broke […]

President Joe Biden tested negative for COVID-19 on Wednesday night, the White House said Thursday. The White House press office also said that although Biden interacted briefly with House Speaker Nancy Pelosi over the course of the last two days, he isn’t considered a close contact of the California Democrat, whose office on Thursday announced […]