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We see an interesting and unusual picture. Stock indices are rising, but gold is not falling in price. It would seem that the enthusiasm of investors who continue to invest in risky assets of the stock market is on top...
In the weekend, Trump surprisingly signed a massive $2.3 trillion stimulus bill that includes the $900 billion relief package approved by Congress. Meanwhile, the US continues to report a high number of COVID infections and deaths...
US equities ended lower on Tuesday, retreating from all-time highs. Investors are concerned about the Senate’s delay to approve additional COVID relief checks. Previously, incumbent President Donald Trump proposed direct payments to be increased from $600 to $2,000...
Pivot (invalidation): 47.75 Our preference Long positions above 47.75 with targets at 48.60 & 48.95 in extension. Alternative scenario Below 47.75 look for further downside with 47.50 & 47.20 as targets...
Pivot (invalidation): 26.1100 Our preference Long positions above 26.1100 with targets at 26.7700 & 27.0000 in extension. Alternative scenario...
Pivot (invalidation): 1876.00 Our preference Long positions above 1876.00 with targets at 1894.00 & 1900.00 in extension. Alternative scenario Below 1876.00 look for further downside with 1869.00 & 1862.00 as targets...
Pivot (invalidation): 3743.00 Our preference Short positions below 3743.00 with targets at 3722.00 & 3704.00 in extension. Alternative scenario Above 3743.00 look for further upside with 3756.00 & 3769.00 as targets...
Pivot (invalidation): 13920.00 Our preference Short positions below 13920.00 with targets at 13710.00 & 13580.00 in extension. Alternative scenario...
Pivot (invalidation): 7.4050 Our preference Short positions below 7.4050 with targets at 7.3290 & 7.3000 in extension. Alternative scenario Above 7.4050 look for further upside with 7.4390 & 7.4730 as targets...
Pivot (invalidation): 0.7620 Our preference Long positions above 0.7620 with targets at 0.7655 & 0.7675 in extension. Alternative scenario Below 0.7620 look for further downside with 0.7600 & 0.7585 as targets...
Pivot (invalidation): 1.2825 Our preference Short positions below 1.2825 with targets at 1.2775 & 1.2760 in extension. Alternative scenario Above 1.2825 look for further upside with 1.2845 & 1.2860 as targets...
Pivot (invalidation): 0.8850 Our preference Short positions below 0.8850 with targets at 0.8800 & 0.8785 in extension. Alternative scenario Above 0.8850 look for further upside with 0.8875 & 0.8900 as targets...
Pivot (invalidation): 103.60 Our preference Short positions below 103.60 with targets at 103.20 & 103.00 in extension. Alternative scenario Above 103.60 look for further upside with 103.75 & 103.90 as targets...
Pivot (invalidation): 1.3490 Our preference Long positions above 1.3490 with targets at 1.3575 & 1.3615 in extension. Alternative scenario...
Pivot (invalidation): 1.2255 Our preference Long positions above 1.2255 with targets at 1.2300 & 1.2320 in extension. Alternative scenario...
At a press conference in December, when the ECB decided to keep its key interest rates unchanged and announced a decision to increase the Pandemic Emergency Procurement Program (PEPP) package by 500 billion euros to 1,850 billion euros, ECB Governor Christine Lagarde said that the incoming data s...
In the commodity market, oil prices rose on Tuesday, as investors expect an increase in fuel demand. Trump signed a massive stimulus package while the House of Representatives voted to increase payments to Americans to $2,000, which would support crude demand...
Wall Street started the week off on the right food, with all three benchmark indexes securing gains on Monday, as US President Donald Trump signed a massive COVID relief bill worth $2.3 trillion...
Pivot (invalidation): 48.30 Our preference Short positions below 48.30 with targets at 47.55 & 47.25 in extension. Alternative scenario Above 48.30 look for further upside with 48.60 & 48.95 as targets...
