Wordsworth

16 September 2020   US and European equity futures are up, oil higher on positive risk sentiment and Hurricane's Sally approach, and copper higher. AUD, NZD and CAD all higher in line with the positive risk mood. A fairly quiet start to the session with UK CPI data on the slate. FOMC later today, so

GBP/USD seesaws near the highest since December 16, 2019, eases from 1.3368 off-late. Bullish MACD suggests further upside towards the short-term resistance line. 21-day SMA, a two-month-old ascending trend line offer strong downside support. GBP/USD recedes from the year’s top of 1.3368 to 1.3351

USD/CHF fails to respect the Tuesday’s halt to two-day winning streak. Global markets turn cautious ahead of the Jackson Hole Symposium events. Trade deal optimism, hopes of virus cure favor the risk-on mood. Swiss ZEW Economic Survey, US Durable Goods Orders will be in the spotlight. USD/CHF stays

Silver extends the previous day’s recovery moves to refresh intraday high to $27.54. A nine-day-old triangle formation restricts immediate moves. 100-bar SMA adds to the downside support, multiple resistances to challenge the run-up below $30.00. Silver prices recently refreshed intraday high befor

1. Stock market looks like ‘hapless Wile E. Coyote, running off the edge of a cliff,’ says behavioral economist Market risk is HIGHLY elevated this August: We believe the question will no longer be: “How high is UP?” but will become “how low and for how long?” This coming week is likely to be transi

On Wednesday, Oil was able to break through its resistance line. Brent Crude rose to $46.30, returning to levels before OPEC+ broke. The market hasn't dared to make this symbolic move for a long time, having spent July in a narrow range of $42-$44. It was a bit odd to see oil ranging sideways in Jul

Analysts at Citigroup have revised up their gold-price forecasts across the time horizons, given the latest relentless rise in the yellow metal to fresh record highs of $1981.34. Key quotes “Still further to go, short-term target $2,100, then $2,300 in 6 to 12 months.” "Prices seem biased to stay hi

US stocks kicked off the week on a positive note, even though the sentiment in European markets remained fragile. The GOP’s 1 trillion-dollar new fiscal stimulus plan helped boosting sentiment in the New York trading session. The Federal Reserve (Fed) doves also tilt the balance to the positive side

AUD - Australian Dollar After a week of solid gains for the Australian Dollar, Friday’s session was a relatively quiet one as the US markets were closed for Independence Day. With little news to drive markets, the Aussie dollar continued its ascent against the greenback, rising from 0.6930 to 0.6947

#SPX500USD# SPX500 /USD IS CURRENTLY BUYING AND SHOULD CONTINUE THE UPTREND FOR RESISTANCE ZONE PRICE.

The dollar has been mostly steady, though lost modest ground to the yen, which found a moderate safe haven bid during the Tokyo session, while gaining ground against the pound during the London morning, into the BoE policy announcement. The UK currency racked up losses of over 0.4% against the dolla