Friday, December 4, 2020

UK PMI construction rose to 54.7, beat expectations

UK PMI Construction rose to 54.7 in November, up from 53.1, well above expectation of 52.3. Markit noted that house building remained the best-performing...

Optimism Continues To Peculate On Brexit As Talks Continue

Notes/Observations Brexit talks continue with optimism that a trade agreement is imminent Focus on US jobs data; pace of gains likely have decelerated amid...

AUD/USD Bulls Likely To Prevail

The Australian Dollar rose by 49 basis points or 0.66% against the US Dollar on Thursday. The currency pair breached the weekly resistance level...

USDJPY Attempting To Stabilize

The US dollar is attempting to stabilize against the Japanese yen currency after the pair suffered a heavy technical rejection from the 104.50 level....

EURUSD 1.2280 Strong Resistance

The euro currency continues has set a new yearly high against the US dollar during the European session, as the greenback continues to lose...

US Stimulus Deal Moves Closer, Brexit Talks ‘Go Backwards’

Stocks at records or near highs as US Republicans change tune on new stimulus Brexit talks go down to the wire, but will France...

USDCAD’s Breakdown Revives March Downtrend

USDCAD brought its downward pattern from the 1.4667 peak back into play after breaching the 1.2980 floor and the base of a rectangle, which...

USDCHF Sinks To 6-Year Low Below 0.89

USDCHF plummeted to an almost six-year low on Thursday, hitting the 0.8890 mark. The pair has been in a strong descending movement since March...

USD/JPY Bearish M Pattern Formed

USDJPY has formed a bearish M pattern and we might expect the price to break in the case of bad NFP result. The NFP...

Silver Spot: Intraday Support Around 23.7900

Pivot (invalidation): 23.7900 Our preference Long positions above 23.7900 with targets at 24.3200 & 24.5300 in extension. Alternative scenario Below 23.7900 look for further...