Best selling entry points Entering a short position with a pending order from levels of 18.33 Set a stop-loss point to close the lowest support levels at 18.55. Move the stop loss to the...
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Gold Forecast: Markets Continue to Levitate
Gold markets went back and forth Wednesday as we continue to levitate just below a major supply area. Because of this, the market is likely to continue struggling, and the fact that the Friday session...
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Hedge Fund manager Gundlach says yield curve inversion is worsening – „rough road ahead”
Gundlach, hedge fund DoubleLine Founder, on the Twitter: The 2-year 10-year yield curve inversion is gaining steam. At 36 basis points right now. Rough road ahead. The inversion is used as a sign of an approaching...
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NASDAQ 100 Forecast: Index Looks Vulnerable
The NASDAQ 100 index rallied a bit during the session again on Tuesday, but just as we had seen on Monday, the 13,000 level seems a bit too much for the market to overcome. Because of...
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Eurozone June retail sales -1.2% vs 0.0% m/m expected
Prior +0.2%; revised to +0.4% Retail sales -3.7% vs -1.7% y/y expected Prior +0.2%; revised to +0.4% Euro area retail sales slumped by more than expected in June with the details showing that the...
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NZD/USD: FURTHER UPSIDE FAVOURED ON A CLOSE ABOVE 0.6365 – UOB
NZD/USD could extend the upside bias once 0.6365 is cleared, note FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. KEY QUOTES 24-hour view: “We expected NZD to ‘trade within a range...
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Taiwan premier Su says warmly welcome visits by any foreign guests
The cat is out of the bag and Taiwan is not shying away. Taiwan’s premier, Su Tseng-chang, is saying that they are welcoming visits by any foreign guests and that the government will make...
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AUD/USD Forex Signal: More Gains Possible Ahead of RBA Decision
Bullish View Buy the AUD/USD pair and set a take-profit at 0.7100. Add a stop-loss at 0.6950. Timeline: 1-2 days. Bearish View Set a sell-stop at 0.6950 and a take-profit at 0.6850. Add a...
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US DOLLAR INDEX: BEARS LEAD THE WAY TO THE 105.60 REGION AHEAD OF US ISM
The index extends the bearishness to the 105.60 region. The better tone in the risk complex put the dollar under pressure. Final Manufacturing PMI, ISM Manufacturing PMI next on tap. The greenback, in terms...
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Stalled Minimum Wage Talks in Japan resume Monday, 30 yen rise being considered.
Japan’s Labor ministry says talks will resume today. A subcommittee of the Central Minimum Wages Council, which advises the labor minister, will meet to discuss minimum wages for fiscal 2022, which started in April....
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