Asian stocks turned in a mixed performance on Tuesday as investors pinned hopes on a new U.S. coronavirus relief bill and looked ahead to the first U.S. presidential debate between Republican incumbent Donald Trump and Democratic challenger Joe Biden, set to take place later today. Chinese shares ro

Australian Bureau of Statistics says preliminary Retail Sales fell 4.2% from July to Aug vs the surprise 3.2% prior. However, there has been no reaction in the market as the data is subject to revisions.  ABS: A preliminary estimate for Australian retail turnover for August 2020 Is based on prelimi

S&P 500 Futures remain on the back foot around an eight day low. Markets fear further escalation in the Sino-American tension, divert funds to cheer the US dollar gains from 28-month low. US NFP, stimulus headlines will join other risk catalysts to entertain momentum traders. S&P 500 Future

What Happened? U.S Treasury yields have climbed over Tuesday, with a variety of events triggering higher demand. 10-year treasuries rose to 0.657% while 2-year notes reached 0.159%, and 30-year yields surged to 1.347%, marking the highest yields seen since July this year. A number of influences have

S&P 500 Index Technical  Analysis Elliott Wave Investing and Day Trading SPX S&P 500 Elliott Wave : Wave iv of (v) of v) of 3 Trading Levels: Looking for support at 3300 Minor Level SP500 Trading Strategy: Long trades 3230

In an exclusive interview with Xinhua News Agency on Wednesday, Martin Raiser, World Bank Country Director for China, said that the country’s economic recovery bettered expectations in the second quarter (Q2), in light of the coronavirus pandemic. Key quotes "It is indeed higher than what we had pro

Gold bulls take a breather, eye best week in three months. US dollar break down, US-China woes bode well for gold. Technical set up favors the bulls, with US PMIs in focus. Gold (XAU/USD) continued its five-day surge and refreshed nine-year high at $1898.44 on Thursday. The key theme for the rel

USD/CAD struggles with recovery along with the US dollar. US stimulus woes outweigh the decline in WTI. Canadian CPI and US data eyed amid surging virus cases. USD/CAD trade sideways in a narrow range around 1.3450, consolidating the previous decline to seven-week lows of 1.3422. The bulls are s

EUR/USD's 100-hour SMA restricted losses during the overnight trade.  A break above 1.144 is needed to weaken the immediate bearish case.  EUR/USD has bounced up from the ascending 100-hour simple moving average (SMA) support. But the bulls are not out of the woods yet.  The sellers failed to estab

#SPX500USD# I have drawn an easy to understand technical chart of the S&P500 , highlighting the major support and resistance areas from December to July, using a daily chart (each bar is 1 day of trading on the S&P500 ). Notice on the left side of the chart all supports levels that broke