US equities rebounded from new lows on Friday in an attempt at a reversal ahead of an important week for US data, including the Friday jobs report for September. Today, the US Trade Representative Katherine Tai is set to speak on the status of the US-China trade relationship and whether...
WCU: Fuel market surges on China order to “buy at any cost”
The main story in commodities remains the continued surge in fuel prices led by gas and coal. Low stockpiles of most fuels across the world, and limited time left to replenish stocks before the peak demand season, has left consumers around the world increasingly exposed to a supply crunch should...
The month the pandemic equity rally died
The rally in global equities lasted 237 trading days but died yesterday as equities succumbed to the pressures from rapidly rising energy prices as the world is going through an energy crisis.Yesterday, the MSCI World hit a drawdown of more than 5% based on closing prices ending the 237 trading...
NZDJPY is on bearish momentum | 1st Oct 2021
Price level recently broke the ascending trend line of 76.750 and can potentially head to our profit level of 76.186 which is in line with our Fibonacci Retracement level of 61.8% and Fibonacci extension level of 88%. Our bearish bias is further supported by the Ichimoku Cloud indicator which clearly...
GBPEUR on bearish momentum | 1st Oct
Price is currently trading in a descending trend line . and is currently at price level 1.610. Price can potentially dip to the take profit level of 1.1573 which is in line with our Fibonacci extension level of 50% and Fibonacci retracement level of 78.6%. Our bearish bias is further...
AUDJPY facing bearish pressure | 1st Oct 2021
Price is holding below a descending trendline , signifying a bearish momentum. We can expect price to move further down from the pivot level in line with 50% Fibonacci retracement towards the take profit level in line with 78.6% Fibonacci projection . Our bearish bias is further supported by the...
AUDCAD potential bearish momentum | 1st Oct
Price is currently trading in a descending trend line . We see a potential sell entry at 0.91854 which is in line with our Fibonacci Retracement level of 50%. Price can potentially head towards its take profit level of 0.9134 which is in line with our Fibonacci extension level of...
AUDUSD is nearing a pivot, potential for bounce | 1st Oct 2021
Price is consolidating in a descending channel . We foresee a potential entry at 0.72222 in line with 61.8% Fibonacci retracement and a pullback towards our area of take profit at 0.71707 in line with 88% Fibonacci retracement . Technical indicators are showing bearish momentum. Alternatively, our stop loss will...
UKOIL is on bullish momentum! | 1 Oct 2021
Price is consolidating in an ascending channel . We foresee a potential bounce from our target entry at 77.41 in line with 38.2% Fibonacci retracement and graphical swing high. Price have the potential to climb towards our area of take profit at 80.00 in line with parallel channel , and...
XAUUSD facing bearish momentum | 1st Oct
Price level is currently trading in a symmetrical triangle. Price has just reacted from the resistance of the symmetrical triangle of 1764.92 which is line with the Fibonacci retracement level of of 61.8% and Fibonacci extension level of 38.2% and can potentially head to its support level of 1724.953 which...