Jerome Powell rekindles rumours of possible tapering during press conference

If last week we commented that the market's attention was focused on the inflation data coming from the United States, where we finally...

Australian May Employment Change +115.2K (expected +30K) & Unemployment Rate: 5.1% (expected 5.5%)

Australia labour market, jobs report, for May ... HUGE beats Employment Change: +115.2K Unemployment Rate: 5.1%, much lower despite a higher participatiion rate Full-Time Employment Change:...

June 16, 2021 : EUR/USD Intraday technical analysis and trade recommendations.

Recently, finding significant demand around 1.2000, has allowed another bullish movement to pursue towards higher price levels ( 1.2100 - 1.2130 ) where...

Nikkei index approaches its current resistance after latest rise

The Nikkei index closed today's session with a rise of close to 1% driven mainly by the push of technology companies, thus continuing...

WTI crude oil futures settle at $72.12

Up $1.24 or 1.75% Looking at the hourly chart, the price remains between channel trendlines after testing the low trendline in trading today.  That low...

Oil is growing by leaps and bounds

Economic theory states that when demand outstrips supply, prices rise. This is exactly the situation in the oil market, which allowed Brent and...

EURUSD moves into swing area as price corrects Friday's decline

Swing area between 1.21254 and 1.21340 The EURUSD has moved into a swing area between 1.21254 and 1.21340 as the market corrects some of the sharp...

Analysis and forecast for EUR/USD on June 14, 2021

Last week, the US dollar kept all its major competitors under control, which was reflected in strengthening the US currency across a wide...

Netflix stock price trades above key long-term support

As we mentioned in previous posts Netflix was trading in a long-term sideways trading range between $465 and $575. Price is now trading...

June 11, 2021 : EUR/USD daily technical review and trade recommendations.

During April, the ongoing downside movement ( on the left side of the chart ) came to an end. The price levels around...
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