OPEC+ - unexpectedly - decided to gradually increase back the oil supply. What's the outlook for the oil price?
S&P500 in flirt with a new all-time high
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is now testing the upper level of the cloud. A successful attempt to exit the Kumo will signal a new bullish sentiment.
US Market View
Construction of the United States homes surged 22.6% in the previous month as homebuilders bounced back from the coronavirus pandemic since the beginning of the year.
The world’s largest sovereign wealth fund (Norway’s Pension Fund Global) reported $21B loss in the first 6 months of 2020.
Stocks rose today as the S&P500 attempted once again to surpass its previous record close back in February 2020, before the COVID-19 hit.
US Key Point
- Construction of the United States homes surged 22.6% in the previous month
- The world’s largest sovereign wealth fund
- S&P500 in flirt with a new all-time high
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.
Oil is edging higher due to the overall risk-on sentiment and a weaker US dollar. Jump in to get the tech tips!
We love triangles because they're easy to spot and predict possible price moves. Do we have any in the stock market?
Fibonacci Levels XAU/USD: Gold facing a further consolidation above 23…