Price is testing support where we could see a bounce above this level to our first resistance target. Prices are holding above the 20 EMA as well, in line with our bullish bias.

Price is testing support where we could see a bounce above this level to our first resistance target. Prices are holding above the 20 EMA as well, in line with our bullish bias.

Equities celebrated the anticipation of more incoming stimulus in a big way, particularly in the US, with the major indices there posting their largest advance in weeks. US President Donald Trump has acknowledged the transition of power to the new Biden administration. Up today, we the latest US jobs data...

The Tidal Shift Strategy has just sold NZDUSD at 0.72483. The system recommends entering this trade at any price between 0.72322 and 0.72644. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -2.1721, which suggests that...

USDJPY could retest the trendline, possible pullback!

USDJPY could retest the trendline, possible pullback!

Most market participants expect tomorrow's nonfarm payroll employment report for December will confirm a slowdown in the U.S. job market on the back of the re-introduction of partial lockdowns and an increased number of Covid cases, with consensus standing at +100K versus +245K in November. Given the disappointing December's ADP...

Markets largely shrugged off the mob of Trump supporters descending on Capitol Hill, but the prospect of a Democrat-majority Congress voting for new large stimulus checks shortly after the inauguration of Biden saw US yields spiking higher through key levels, and acted as a sudden headwind for USD bears, a...