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S&P 500 rising strongly Likely to rise to resistance level 5000.00 S&P 500 index rising strongly after the price broke above the resistance level 4800.00 (which stopped the previous impulse waves 1 and i, as can be seen below). The breakout of the resistance level 4800.00 accelerated the active minor impulse wave 3 of the […]

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18/01/2024

British Pound Gains Ground as UK Inflation Rises

UK inflation rises unexpectedly GBP/USD climbs higher The British pound has edged higher after UK inflation rose unexpectedly in December. In the European session, GBP/USD is trading at 1.2694, up 0.47%. UK inflation rises to 3.9% UK inflation has a tendency to surprise the markets and that happened again on Wednesday as December CPI ticked […]
23/04/2024

Is Gold Ready for Bearish Correction?

Gold dives towards 2,300 MACD and RSI decline from overbought regions Gold prices have been underperforming in the past two days, breaking back below the 2,320 and the 20-day simple moving average (SMA). Momentum indicators are pointing to a negative bias in the short term with the RSI ticking strongly to the downside. The MACD […]
01/03/2024

EUR/USD Steady After Eurozone Inflation Dips

Eurozone inflation falls to 2.6% Eurozone unemployment rate drops to record low of 6.4% The euro is calm on Friday. In the European session, EUR/USD is trading at 1.0818, up 0.13%. Eurozone inflation eases to 2.6% Inflation continues its downward trend in the eurozone. On Thursday, Germany and France saw inflation fall in February. The […]