White House considers lifting European travel restrictions – Reuters
on 26 November 2020, in News
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
on 26 November 2020, in News
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
on 26 November 2020, in News
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
on 26 November 2020, in News
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
on 26 November 2020, in News
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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OBR: A no-deal Brexit is likely to shave extra 2% off the UK GDP
on 26 November 2020, in News
The latest forecasts published by the Office for Budget Responsibility (OBR) Wednesday showed that the UK Gross Domestic Product (GDP) could be shaved off by 2% if the Kingdom and European Union (EU) fail to strike a Brexit trade deal. Key takeaways “This (no deal) would further reduce output by 2% initially and 1.5% at the
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Gold: Upside bias still persist amid supportive fundamentals – Credit Suisse
on 26 November 2020, in News
Despite the latest downslide in gold to four-month lows of $1800, analysts at Credit Suisse still see the metal on the higher, as the fundamentals remain supportive. Key quotes “The decline in prices is mere ‘bump in the road’.” “The factors that supported the rise in price remain in place: monetary and fiscal policy remain
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GBP/USD probes weekly highs under 1.3400, backs off for now
on 26 November 2020, in News
GBP/USD rallied as high as the mid-1.3390s on Wednesday, but has since eased off back to close to 1.3380. The pair is eyeing a test of highs set on Monday at 1.3398, ahead of a test of the psychologically important 1.3400 level. On Wednesday, GBP/USD fell as low as 1.3310 during the European morning session,
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WTI reverses the pullback from multi-day high to attack $46.00
on 26 November 2020, in News
WTI bounces off $45.51, near the highest since March 06 flashed the previous day. Weekly data suggested EIA marked a surprise draw in inventories, Baker Hughes signaled an increase in rig US counts. The US sanctions four companies from Russia, China concerning Iran’s missile program. US dollar performance, risk news will be the key. WTI
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Irish PM Martin: ‘Good result’ in UK trade talks possible
on 26 November 2020, in News
Ireland’s new Taoiseach (Irish Prime Minister) Micheál Martin said Wednesday, he remains optimistic about achieving a ‘good result’ in trade talks between the UK and the European Union (EU), per Reuters. When asked if time was running out for an agreement, PM Martin said, “Sometimes you can get a good result in extra time.” Martin said he
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Gold Price Analysis: XAU/USD teasing rising channel breakdown on 1H chart
on 26 November 2020, in News
Gold looks vulnerable despite Wednesday bounce. XAU/USD teasing a rising channel breakdown on the hourly chart. 200-DMA at $1798 is the level to beat for the bears. The recovery in Gold (XAU/USD) faltered at the rising channel hurdle near $1818 and since then the prices turned south, in a bid to test the four-month lows
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News
White House considers lifting European travel restrictions – Reuters
on 26 November 2020, in News
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 …
Read more
Silver Price Analysis: XAG/USD struggles to justify Wednesday’s spinning top above $23.00
on 26 November 2020, in News
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
Read more
USD/JPY: Rebound stalls near 104.50 amid Thanksgiving light trading
on 26 November 2020, in News
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.
Read more
S&P 500 Futures holds above 3,600 despite virus woes, fears of US-China tussle on Thanksgiving Day
on 26 November 2020, in News
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
Read more
USD/TRY Price Analysis: Slips below 8.0000 as 200-bar SMA guards immediate upside
on 26 November 2020, in News
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
Read more
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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