Investors are awaiting a speech from Fed chair Powell. Weaker-than-expected consumer price data from Germany and Spain kept Euro futures prices down. Australia’s annual increase in CPI for October was 6.9%, down from 7.3% in September. Currency futures edged lower early Wednesday as the US dollar held steady near a one-week high, holding on to Read More…
The first target of $1,780 is very close to being hit as Gold rallies. Potential catalysts that could send the price lower. Quick Recap On Last Week’s Gold Analysis The bounce off the 100 EMA, Point of control, and 0.236 Fibonacci retracement level has already resulted in Gold gaining about 25 points since we did Read More…
Beijing’s ban on equity refinancing for listed property enterprises was lifted. There are rumors recent Chinese protests will lead to an early easing of restrictions. Analysts believe that the Fed will remain hawkish and disappoint investors. Tuesday saw a surge in Asian equities as Beijing’s latest initiative to encourage developers boosted the real estate market, Read More…
Trend channel identified on the 4-hourly chart. Analysis of the order block on the 15-minute chart. Trend Channel Analysis Looking at the 4-hourly chart, there is a strong bullish channel that we can take note of. Currently, the price of RTY is trading around the low of the channel, and it may be ideal to Read More…
The long-term 1-2-3 reversal targets are back on the cards Short opportunities on the 30-minute chart. The 1-2-3 Reversal Pattern We must go back to September to view our analysis of the 1-2-3 reversal. Since the market has now broken below recent lows, the bearish target is in play. You can view that article here. Read More…
Investors worry over ongoing protests in China. PBOC will release about $70 billion to boost the Chinese economy. There is growing resentment of the Zero-COVID policy in China. The Equities market fell on Monday as concerns over the control of the virus in the second-largest economy in the world increased following unusual protests against the Read More…
