Price is abiding to the daily descending trendline resistance, signifying a bearish momentum. We can expect price to drop from pivot level in line with 61.8% Fibonacci retracement towards the take profit level in line with 61.8% FIbonacci retracement and 61.8% Fibonacci projection . Our bearish bias is further supported...

Price is abiding to descending trendline resistance, signifying a bearish momentum. We can expect price to drop from pivot level in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection towards take profit level in line with 61.8% projection. Our bearish bias is further supported by the price holding below...

Price is trading in a descending trendline and near the buy entry price of 1.33542 which is also 127.2% Fibonacci retracement and 100% Fibonacci projection . Price can potentially go the take profit level of 1.36911 which is 78.6% Fibonacci retracement and 61.8% Fibonacci projection . Our bullish bias is...

Today we look at how the US equity market finished on a strong note despite the hot US CPI print last week bringing Fed rate hike expectations forward and the latest US sentiment survey suggesting that consumer sentiment is in the dumps. We also look at the earnings highlights for...

Markets closed on a hopeful note last week in the US, despite the hottest inflation data for the for the cycle last week and a preliminary US November University of Michigan sentiment survey showing sentiment at its worst for the cycle. This week kicks off with a Xi-Biden summit as...

The Bloomberg Commodity Index traded lower for a fourth consecutive week with loses across the energy sector more than offsetting gains across metals and agriculture. A week where the sector had to deal with the hottest US inflation print in three decades, the US government mulling ways to bring down...

The latest virus numbers in parts of Europe are ringing alarm bells, adding to the ones that have been clanging for several weeks since the spike in natural gas prices. Peripheral EU FX is feeling the squeeze on this, from the Swedish krona to the CEE currencies, some of which...

This week I was invited back on Macro Voices to discuss the outlook for commoditiesThis week I was invited back on Macro Voices to discuss the outlook for commodities given the current macro backdrop of rising inflation and the prospect for tight market conditions as producers struggle to ramp up...

In this special edition of the Saxo Market Call podcast, Peter Garnry sits down with Conor MacNeil which is the equity research analyst behind the increasingly popular investment newsletter Investment Talk. It is a conversation about Conor's background and how he accidentally stumbled into writing a newsletter on Substack, and...

Price is near the buy entry of 152.411 which is also 61.8% Fibonacci retracement . Price can potentially go to the take profit level of 153.724 which is also 38.2% Fibonacci retracement and 78.6% Fibonacci projection . Our bullish bias is supported by stochastic as it shows a divergence. Any...