News

EURUSD, “Euro vs US Dollar” EURUSD has secured above the upper border of the Wedge reversal pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0905 is expected, followed by a rise to 1.1090. An additional signal confirming the rise will […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be the support level of 1.0920. However, the price might rise to 1.1015 and continue the uptrend without testing the […]

Bearish Signal The Tickmill Daily Sentiment analysis has given a bearish signal in Silver which makes it an instrument worth watching this week. In 80% of the last 10 occurrences, price has moved lower with 9 days.  Silver prices have been under steady pressure over recent months, correcting lower from the April highs. A resurgence […]

PPI Plummets Expectations for a large new stimulus package in China have grown further overnight on the back of the latest data. China CPI was seen at 0% last month, down from the prior and expected 0.2% reading. Additionally, PPI was seen plunging 5.4% on the month, below the -4.6% seen last time and the […]

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Cuts Supporting Oil Prices Crude oil prices are rising into the end of the week with crude futures once again testing the 72.61 level. Fresh production cuts from Saudi Arabia and Russia at the start of the week have started to filter into bullish sentiment in the market. With cuts from the two producers totalling […]