Price is facing bullish pressure where we could see a bounce above this level to our first resistance target. EMA and Ichimoku cloud are showing signs of bullish pressure as well in line with our bullish bias.

Markets pulled higher yesterday after a rocky start and the positive mood largely continued overnight, especially in Japanese equities. We are noting some impressive extremes in positive sentiment that are a background cause for caution, even if we are at a loss to for any catalyst that could shift sentiment,...

The Breakout Opportunities system has just bought AUDUSD at 0.7434. The system recommends entering this trade at any price between 0.74254 and 0.74488. The signal was issued because the AUDUSD has broken its 24-hour high while our Speculative Sentiment Index was at -2.54156, suggesting that the AUDUSD may have further...

Tesla is raising capital for the third time this year as it share price hit a new record yesterday. Meanwhile, Tesla did not even make it top 10 on EV sales in Europe in October. Does the rubber meet the reality of the road?Tesla shares were up another 7% yesterday...

Our 'Macro Chartmania' series collects Macrobond data and focuses on a single chart chosen for its relevance.Click here to download this week's full edition of Macro Chartmania. Here and there, we hear that the market is too optimistic about the recovery and that next year many challenges, from vaccine delivery to...

Today we discuss the low volatility that has suddenly hit many markets including equities despite a few pockets with Tesla being one of those stocks that gained another 6% yesterday, despite losing ground in Europe. Gold traded higher on more stimulus talks in both the US and Japan, while Europe...

Markets are trading sideways to slightly lower as multiple issues are dragging on what has mostly been an optimistic backdrop: the Brexit situation remains uncertain, with the UK and EU leaders set for in person emergency talks in Brussels, Poland and Hungary continue to hold out against approving the EU...

Social and economic anxieties are consigned to the past as new fund alleviates inequality. See previous 2021 prediction In the coming years, possibly within a decade, some one quarter of current jobs as we know them may be displaced, as automation replaces physical labour and AI replaces growing chunks of...

Tech giant relocates its EU HQ to Cyprus to avoid a government crackdown.See previous 2021 prediction The Covid-19 pandemic was the best thing that ever happened to Amazon, as a world forced to stay and even work at home drove soaring growth in online shopping, and companies moved to expand...

China opens up its capital account, giving foreign investors full access for the first time.See previous 2021 prediction The People’s Bank of China (PBOC) rolled out an advanced digital currency experiment in October 2020. The Digital Currency Electronic Payment (DCEP) will be a blockchain-based digital version of the Yuan (CNY)....