Prices are approaching our support in line with our graphical support level, 38.2% retracement and 78.6% extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure as well, in line with our bullish bias.

Today we run through the FOMC non-event that kept the Fed in wait-and-see mode as expected, although it was sufficiently dovish to trigger a slightly lower anticipation of eventual Fed tightening and a weaker US dollar. We also look at Biden's address on his stimulus and tax proposals, important inflation...

US equities rose to new all-time high in futures trading overnight after US President Biden was out with his first speech before Congress touting his big new stimulus and tax proposals. Earlier, the market had closed indifferently after the FOMC meeting saw the fed sticking to its guns in its...

A follow up on our inflation watch series taking a look at Australia CPI data and trends unfolding with respect to price pressures in the US.There’s no denying it, reflation is not the dominant theme in Australia’s 1Q inflation data. Price pressures are weak outside of transport and health, and...

Prices is facing bullish pressure from our ascending trend line where we could see a bounce above this level. Stochastic is approaching support as well where we could see a bounce here.

Prices is facing bullish pressure from our ascending trend line where we could see a bounce above this level. Stochastic is approaching support as well where we could see a bounce here.

Prices are facing bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement . If prices push lower, prices might take support from horizontal swing low support...

Prices are facing bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement. If prices push lower, prices might take support from horizontal swing low support which coincides...

Prices are approaching support where we can see a bounce above this level. Stochastic is approaching support as well, in line with our bullish bias.

Prices are facing bullish pressure from ascending trendline support and horizontal pullback support, in line with 50% FIbonacci retracement and 61.8% Fibonacci extension . Prices might push up further towards 1st resistance in line with horizontal swing high resistance, 127.2% Fibonacci retracement and 161.8% Fibonacci extension . If prices fall...