OPEC+ - unexpectedly - decided to gradually increase back the oil supply. What's the outlook for the oil price?
Bullish Euphoria for US Equities
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
XAU/USD: Gold is trading on the key point of 38.2% retracement. It seems that a correction is still taking place.
US Market View
US stocks are set to open marginally lower Thursday, consolidating after strong gains the previous session, with investors cautious ahead of key unemployment data and with US policymakers still at loggerheads over the size and scope of the next fiscal stimulus bill.
US Key Point
- Trump supports that Dollar will be even stronger if he is reelected.
- Dollar continues to be weaker on the session.
EUR/AUD rose to 1…
US stock markets are set to open mixed as the post-Pfizer rally is reassessed, but cyclicals are still clearly outperforming the growth and momentum names that have notched the biggest gains during the pandemic.
Let's make some technical observations on stocks. Amazon's a great example!
Fibonacci Levels XAG/USD: Silver facing a further consolidation above 23…
Ichimoku Kinko Hyo EUR/JPY: The pair is trading above the cloud…