Price is near sell entry price of 130.745 which is 50% Fibonacci retracement and 127.2% Fibonacci projection . Price can potentially dip to the take profit level of 129.386 which is also 78.6% Fibonacci retracement and graphical overlap support. Our bearish bias is supported by ichimoku cloud indicator as price...

Price broke out of the ascending trendline support and reacting in a descending channel , signifying a bearish momentum. We can expect price to push further down from pivot level in line with 50% Fibonacci retracement towards the take profit level in line with 78.6% Fibonacci retracement and 127.2% Fibonacci...

Today we look at yesterday's painfully hot US CPI inflation readings and the reactions across markets, as traders rushed to price in a faster pace of Fed lift-off next year, generally sold US Treasuries and risky assets and snapped up the US dollar. But the most important move yesterday was...

Markets were jolted yesterday by a very hot October CPI reading out of the US, which boosted Fed rate hike expectations sharply for next year despite the FEd focus in the most recent FOMC Meeting on labor market data as the key factor for adjusting policy guidance from here. Gold...

In today's equity update we take a look at which stocks that will be in focus in today's session. We talk about Tesla, Adidas, Coinbase, NIO, and many others. We also touch on the shaky equity market and its high valuation as the Fed is getting closer to liftoff in...

Crude oil jumped on Tuesday after the U.S. Energy Information Administration in its monthly Short-term Energy Outlook maintained their forecast of an oversupplied market by early next year leading to gradually lower prices. The CEO of the world's largest independent oil trader meanwhile said he was looking into a 2022...

If the action since last Friday has mostly to do with the shifting odds in favour of President Biden nominating Lael Brainard to serve as the next Fed Chair, then the market may be making too much fuss on what the shift from Powell would mean for Fed policy down...

Today we break down yesterday's interesting US equity market session, as $140 billion leaked out of the Tesla market cap in a single day, helping drag the broader market lower. Plenty of single stock stories to focus on today, including the IPO today of (future) EV-maker Rivian, and as earnings...

Equity markets in the US were broadly weak yesterday, weighed down in particular by $150 billion in market cap gushing out of Tesla stock yesterday. Elsewhere, Chinese producer prices rose by their fastest clip for the cycle and oil prices jumped back higher and close to cycle highs. Today the...

Price is near sell entry price of 0.74266 which is also 127.2% Fibonacci projection and 61.8% Fibonacci retracement . Price can potentially dip to the first support level of 0.73288 which is 61.8% Fibonacci retracement . Our bearish bias is supported by the respective technical indicators. Any opinions, news, research,...