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The pound gained support after the publication on Tuesday morning of the final estimate of the UK GDP for the 3rd quarter. GDP growth in the third quarter of 2020 amounted to 16.0% against the forecast of +15.5% and a fall of -19.8% in the previous quarter...
The US stock market was mostly bearish on Monday, but it maintained to bounce back from session lows. Bears were concerned about the new strain of the coronavirus detected in the UK, while bulls were pointing to the stimulus package finally approved by Congress. Nasdaq (-0...
In the commodity market, oil prices continue to tumble on worries that the new COVID strain would trigger new lockdowns and thus hit demand for crude even harder. Both WTI and Brent brands are down over 2.10%, after gaining about 40% in the last two months to hit the highest in nine months...
Pivot (invalidation): 47.40 Our preference Long positions above 47.40 with targets at 48.15 & 48.75 in extension. Alternative scenario...
Pivot (invalidation): 1868.00 Our preference Long positions above 1868.00 with targets at 1899.00 & 1906.00 in extension. Alternative scenario...
Pivot (invalidation): 1868.00 Our preference Long positions above 1868.00 with targets at 1899.00 & 1906.00 in extension. Alternative scenario...
Pivot (invalidation): 3668.00 Our preference Long positions above 3668.00 with targets at 3707.00 & 3726.00 in extension. Alternative scenario...
Pivot (invalidation): 13310.00 Our preference Short positions below 13310.00 with targets at 13060.00 & 13000.00 in extension. Alternative scenario...
Pivot (invalidation): 7.6210 Our preference Long positions above 7.6210 with targets at 7.6670 & 7.6880 in extension. Alternative scenario...
Pivot (invalidation): 0.7600 Our preference Short positions below 0.7600 with targets at 0.7545 & 0.7520 in extension. Alternative scenario...
Pivot (invalidation): 0.8845 Our preference Long positions above 0.8845 with targets at 0.8880 & 0.8895 in extension. Alternative scenario...
Pivot (invalidation): 0.8845 Our preference Long positions above 0.8845 with targets at 0.8880 & 0.8895 in extension. Alternative scenario...
Pivot (invalidation): 103.25 Our preference Long positions above 103.25 with targets at 103.60 & 103.75 in extension. Alternative scenario...
Our preference Short positions below 1.3460 with targets at 1.3365 & 1.3320 in extension. Alternative scenario Above 1.3460 look for further upside with 1.3500 & 1.3535 as targets...
Pivot (invalidation): 1.2250 Our preference Short positions below 1.2250 with targets at 1.2210 & 1.2180 in extension. Alternative scenario...
At the start of today's European session, S&P 500 futures are traded near 3630.0, 100 pips below the local and all-time high of 3730.0 reached late last week...
In the commodity market, oil prices have tumbled over 3% as investors are worried that the new COVID strain found in the UK would force more lockdown and thus hit demand for crude...
US stock futures are in wait-and-see mode, as Congress finally secured a COVID relief deal. At the time of writing, the S&P 500 futures are down 0.12%, while futures on the Dow and Nasdaq are up 0.08%, and 0.24%, respectively...
First, a review of last week’s events: - EUR/USD . According to Bank of America Merrill Lynch, the most popular strategy in the market after “buy shares” is “sell the dollar”. Speculative short positions in this currency have risen to a two-year high...
Today, American securities watchdog the SEC announced that Robinhood , a free-to-trade broker that has grown rapidly in recent years , has paid a $65 million fine to settle charges relating to some of its historical business practices...