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.
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.
“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
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
EJ has so far engulfed the previous in daily, above that was a supply zone- keep watch. On larger specter i have seen a cypher pattern forming, based on every rule of harmonics trading, entries and exits should be based on the rules at the moment haven't spot and entry signa
Global stock markets continue with impressive rally today, with focuses on back-to-normal optimism. Germany’s DAX is even more impressive, with more than 3.7% against at the time of writing, after a three-day break. It’s supported by news that Chancellor Angela Merkel’s ruling coalition is working o
WTI trades in a relatively tight range on Friday.
Active oil and gas rigs in the US fell to an all-time low of 374.
WTI gains more than 29% on a weekly basis.
After dropping below $25 on Thursday, the barrel of West Texas Intermediate (WTI) pushed higher on Friday but failed to hold above $26. As o