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News

Australia Private Capital Expenditure came in at -3% below forecasts (-1.5%) in 3Q

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White House considers lifting European travel restrictions – Reuters

The White House is mulling lifting entry bans for most non-US citizens from Brazil, Britain, Ireland and 26 other European countries Reuters reports, citing five US and airline officials.   more to come …
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Silver Price Analysis: XAG/USD struggles to justify Wednesday’s spinning top above $23.00

Silver prints mild gains after bouncing off the two-month-old support line. Candlestick suggests traders’ indecisiveness unless breaking 100-day EMA. Sellers can eye October low following the support line break. Silver prices rise to $23.39, up 0.39% intraday, amid Thursday’s Asian session. The white metal flashed a bullish spinning top, suggesting the traders’ indecision, the previous
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USD/JPY: Rebound stalls near 104.50 amid Thanksgiving light trading

USD/JPY’s bounce loses still in Asia on Thanksgiving Day. DXY wallows in two-month lows on mixed US data, covid surge. Cautious optimism to keep the pair in a familiar range around 104.50. USD/JPY stalls its overnight bounce just shy of the 104.50 level in early Asia, as the bulls lack follow-through amid holiday-thinned market conditions.
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S&P 500 Futures holds above 3,600 despite virus woes, fears of US-China tussle on Thanksgiving Day

S&P 500 Futures trim recent losses from the two-week high flashed the previous day. Global covid cases cross 60 million, China delivers half of trade promises to the US in 10 months. US blacklists four Chinese, Russian companies concerning Iran missile program, Brexit jitters continue. Light calendar and US Holiday can bore the traders. S&P
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USD/TRY Price Analysis: Slips below 8.0000 as 200-bar SMA guards immediate upside

USD/TRY extends the previous day’s downward trajectory, wavers around the day’s low off-late. MACD flirts with the bears, weekly support line challenge further downside. USD/TRY eases to 7.9314, down 0.28% intraday, during Thursday’s Asian session. In doing so, the pair extends Wednesday’s pullback from 200-bar SMA as MACD eases towards the red. However, an upward
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Education

Technical analysis

USD/CAD Intraday: key resistance at 1.3095.

Pivot: 1.3095 Our preference: short positions below 1.3095 with targets at 1.3035 & 1.3010 in extension. Alternative scenario: above 1.3095 look for further upside with 1.3120 & 1.3140 as targets. Comment: the RSI shows downside momentum. Supports and resistances:1.3140 1.3120 1.3095 1.3053 Last1.3035 1.3010 1.2980

USD/RUB intraday: target 76.411

Our pivot point is at 77.799. Our preference: target 76.411. Alternative scenario: the upside breakout of 77.799, would call for 78.303 and 78.603. Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under

USD/RUB intraday: target 76.411

Our pivot point is at 77.799. Our preference: target 76.411. Alternative scenario: the upside breakout of 77.799, would call for 78.303 and 78.603. Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under

NZD/USD intraday: the upside prevails as long as 0.6822 is support

Our pivot point stands at 0.6822. Our preference: the upside prevails as long as 0.6822 is support. Alternative scenario: below 0.6822, expect 0.6796 and 0.6780. Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively

NZD/USD intraday: the upside prevails as long as 0.6822 is support

Our pivot point stands at 0.6822. Our preference: the upside prevails as long as 0.6822 is support. Alternative scenario: below 0.6822, expect 0.6796 and 0.6780. Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively

GBP/JPY intraday: our next up target stands at 138.93

Our pivot point stands at 137.47. Our preference: our next up target stands at 138.93. Alternative scenario: the downside breakout of 137.47 would call for 136.95 and 136.63. Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains.

Daily Market Comment

CIX 3363 en DMB 2020-11-25

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!   Daily Market Brief November 25, 2020       Here are today’s directional

CIX 3355 en DMB 2020-11-24

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!   Daily Market Brief November 24, 2020       Here are today’s directional

CIX 3355 en DMB 2020-11-24

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!   Daily Market Brief November 24, 2020       Here are today’s directional

CIX 3347 en DMB 2020-11-23

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!   Daily Market Brief November 23, 2020       Here are today’s directional

CIX 3347 en DMB 2020-11-23

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!   Daily Market Brief November 23, 2020       Here are today’s directional
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