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SPX500: ZigZag Completion Coming Up!

SPX500: ZigZag Completion Coming Up!

The current SPX500 structure indicates that the market has completed an impulse wave a of a cycle degree, which was followed by new bullish zigzag in wave b. Wave b consists of ...

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Upcoming March NZ Electronic Retail Sales

Upcoming March NZ Electronic Retail Sales

Analysts are expecting some good news out of the next major data from New Zealand. However, it’s not as likely to move the market directly as much as it would have in the past. ...

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Canadian Employment – Expect The Worst

Canadian Employment – Expect The Worst

On Thursday, we are expecting the Canadian employment report. This data could highlight the intensity of the damage the stringent measures to fight COVID-19 have taken on the ...

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EIA Projects US Output Decline Will be Market-driven

EIA Projects US Output Decline Will be Market-driven

The Unites States will produce less in 2020 and 2021, but not as a result of coordination of supply, but due to crowding out part of an expensive supply due to prolonged low- ...

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Eurogroup Meetings Fail To Deliver Result

Eurogroup Meetings Fail To Deliver Result

Divisions Stall Progress On the back of the emergency Eurogroup meetings yesterday, which ran long into the small hours of the night, European ministers announced today that they ...

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US Suffers Worst Daily COVID-19 Death Toll

US Suffers Worst Daily COVID-19 Death Toll

Over the last 24 hours, the US death toll from COVID-19 has exploded higher by 1800 victims, marking the largest one-day increase from the virus globally. At the start of the ...

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AUD Rises On Optimistic RBA Meeting

AUD Rises On Optimistic RBA Meeting

April RBA Meeting The Australian dollar has continued to trade higher this week. The RBA left rates unchanged at its April meeting, which provided support for the currency. ...

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OPEC+ Offer Optimism

OPEC+ Offer Optimism

Oil production cut talks supported a relief rally yesterday after a huge drop following a huge API stocks report. There will be more clarity after Thursday’s video conference, ...

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Daily Market Outlook, April 8, 2020

Daily Market Outlook, April 8, 2020

Daily Market Outlook, April 8, 2020  Asian equity market performance is mixed this morning after Wall Street ended yesterday almost unchanged. Brent crude oil is holding close to ...

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Gold prices rally to 1654 resistance

Gold prices rally to 1654 resistance

Price action in XAUUSD finally saw prices reclaiming the resistance area of 1654. Following the gains to this level, gold is leveling off. We expect some consolidation to take ...

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