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AUD/USD Bullish ZigZag Aiming For Higher Levels

The AUD/USD is in uptrend and continuation is expected. We should see a bounce from the POC zone. The POC zone 0.7616-0.7630 is potentially very strong for the bounce. However, the price is still in a retracement and we should see a drop before the next move up. If the bullish trend continues we sho

TABLE-S.Korea Dec exports jump 12.6% on-year, sharply beating forecasts

SEOUL, Jan 1 (Reuters) - Following are South Korea's preliminary export and import figures for December, released by the government on Friday (rounded): Dec *Nov Balance ($ billion) +6.94 +5.90 Exports ($ billion) 51.41 45.84 (% growth vs yr ago) +12.6 +4.1 Imports ($ billion) 44.46 39.94 (% growth

GBP/USD climbs further beyond mid-1.3600s, fresh 31-month tops

GBP/USD continued scaling higher for the third consecutive session on Thursday. The passage of Brexit deal into law extended some support to the British pound. The risk-on mood undermined the safe-haven USD and remained supportive. The buying interest around the British pound picked up pace during t

'Boris the betrayer' has swindled us over Brexit, England's fishermen say

NEWLYN, England (Reuters) - For England’s fishermen, Prime Minister Boris Johnson’s Brexit trade deal is a betrayal because it allows some European Union boats continued access to Britain’s rich inshore coastal waters. Johnson, who led the 2016 Brexit campaign, cast the Christmas Eve trade deal as a

Scaramucci’s SkyBridge Capital Invested $182 Million in Bitcoin

Photo: Anthony Scaramucci Anthony Scaramucci’s investment fund, SkyBridge Capital, has already invested $182 million in Bitcoin, according to the firm’s investor brochure circulated across media. “[SkyBridge] has invested $182 million in bitcoin on behalf of its investment funds,” the pitch deck not

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S&P 500 Forecast: Market Limps into Christmas Holiday

The S&P 500 did very little during the trading session on Thursday, but that is not a huge surprise. After all, most traders are not going to be worried about trading the day before Christmas. We are very bullish-looking, and the last couple of weeks have been a simple sideways market between th

Gold Set for Best Close in Seven Weeks as Trump Signs Stimulus 28/12/2020 - 09:12 Gold headed for the highest close in seven weeks after President Donald Trump signed a $900 billion coronavirus stimulus package, pumping more state funds into the world’s top economy. Silver surged. The haven built on a run of four weekly gains following the breakth

European stocks extend year-end rally on Brexit deal boost

(Reuters) -European stocks closed at a fresh 10-month high on Tuesday, powered by a Brexit trade deal, hopes of a bigger U.S. stimulus package and a marathon COVID-19 vaccination campaign. The pan-European STOXX 600 ended up 0.8%, rising for a fifth straight session. British stocks outperformed thei

Brad’s eye view: A market view into 2021

[The following is a version of an article contracted by Libertex] Every year in December, analysts are asked to take a look into the new year with our best judgement, experience and crystal balls. Let’s face it: we would be hard-pressed to find any article from last year that predicted anything like

Stimulus approved – Markets roar [Video]

US Dollar: Dec '20 USD Down at 89.955. Energies: Jan'21 Crude is Up at 48.23. Financials: The Mar '21 30 year bond is Down 11 ticks and trading at 172.13. Indices: The Dec S&P 500 emini ES contract is 67 ticks Higher and trading at 3744.25. Gold: The Feb'21 Gold contract is trading Up at 1884.00

U.S. Stocks Reach Record Highs As Trump Signs Stimulus Bill

Stocks have moved mostly higher in morning trading on Monday as trading resumes following the long holiday weekend. The major averages have all moved to the upside on the day, reaching new record intraday highs. The Nasdaq has given back ground in recent trading, while the Dow and the S&P 500 ha

Coronavirus update UK: 41,385 new cases confirmed on Monday

There were 41,385 new confirmed coronavirus infections in the UK as of Monday, the UK government data showed, per Reuters. This reading followed Sunday's increase of 30,501. Further details of the daily update revealed that there were 357 COVID-19-related fatalities on Monday, compared to 316 on Sun

Applied Elliott Wave: Crude, gold, SPX, Nifty, Axis Bank, Amazon [Video]

In this webinar I have discussed practical application of Elliott Wave using various charts including Crude Oil, Gold, SPX, Nifty 50, Axis Bank (NSE Stock), Amazon (NASDAQ Stock) . Possible trading strategies using Elliott Wave for December 2020 and January 2021 have also been discussed wherever app

U.S. Stocks May Lack Direction In Early Trading

Following the mixed close seen in the previous session, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures down by just 1 point. Traders may be reluctant to make significant move

Pull-up Update