Kathleen
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Silver Price Analysis: Reaches a technical crossroads
Silver price has reached a pivotal point in its technical development. There is a possibility of both a continuation to new highs and deeper correction. The trend broadly remains bullish, however, favoring an eventual resumption higher even if a correction unfolds. Silver (XAG/USD) price is consolid
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Metals shine
The week kicked off with quite a solid appetite, especially for commodities. Gold advanced to a fresh record and traded at $2450 per ounce yesterday despite a further rebound in US yields after more Federal Reserve (Fed) members voiced their preference for keeping the rates ‘high for longer’. Lorett
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BABA Stock: Forecasting the Rally from the Equal Legs Area
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of BABA Stock, published in members area of the website. As our members know we have been forecasting the long side in Baba Stock in short term. Recently,we got a pull back that has made a c
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USD/JPY exhibits volatility contraction near 155.60 due to sidelined US Dollar
USD/JPY is stuck in a tight range as the US Dollar consolidates. The US Dollar stays on the sidelines despite Fed officials maintaining hawkish guidance on interest rates. Investors await the US S&P Global PMI and Japan’s National CPI data. The USD/JPY pair displays a sharp volatility contractio
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Forex Today: More Fedspeak on the agenda heading into the weekend
Here is what you need to know on Friday, May 17: Following the sharp decline seen after April inflation data on Wednesday, the US Dollar Index managed to stage a modest rebound on Thursday and closed the day in positive territory. On Friday, Eurostat will release revisions to April Harmonized Index
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China stocks are extending a recovery as anticipated
China stocks are nicely extending a recovery as expected and there can be space for more upside within that projected wave (C) on HSI - Hang Seng Index as mentioned and highlighted on April 25th. We have been warning about that China may have a global impact on stocks and we can now see even US stoc
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Scandi inflation expectations on today's menu
In focus today In the US, April industrial production data is due for release. In the euro area, industrial production data for March and employment growth for Q1 are scheduled for release. The current strong labour market gives upside risks to wage growth and thereby domestic inflation. In Denmark,
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Pull-up Update