Silver refreshes intraday low while defying the previous day’s pullback from $23.83. Bearish MACD overrules candlestick formation suggesting that the sellers are tiring. Lows marked in July 30, 100-day SMA can offer nearby support, 50-day EMA and 61.8% Fibonacci retracement restrict immediate upside

USD/CAD trims losses from 1.3086 while also keeping 50-HMA breakout. Bullish MACD favors the buyers, the key Fibonacci retracements in the spotlight. Sustained trading below 1.3000 will recall the bears. USD/CAD attempts recovery of late Tuesday's losses while trading around 1.3065 amid Wednesday’s

Former Bank of Japan (BOJ) policymaker Takahide Kiuchi said that Japan is likely to slip back into deflation over the coming three years due to the coronavirus pandemic and its impact on the domestic consumption and labor market. Key quotes “Japan will likely see more small and midsized firms go und

Germany’s media outlet, MNI, carries an editorial piece on Monday, citing that the Bank of Japan (BOJ) officials are concerned about the economic prospects in the July-September quarter (Q3) after the sharp Q2 GDP contraction. Key takeaways “A sharp contraction had already been discounted and the sc

Photo: Dallas The Texas State Securities Board (TSSB) is following through on its promise to crack down on cryptocurrency fraud. On Friday, the TSSB ordered Lance Angus Jerrard to cease operations immediately, alleging the South African resident operates a double-your money scam. The SEC calls Jer

Photo: FM Plus500 (LON:PLUS) has announced its interim results for the six months ended on the 30th of June 2020, revealing a solid uptick in revenues, as well as revealing that it will be commencing a new share buyback program. Starting first with the financial results, the Israel-based broker re

Bart Melek, head of commodity strategy at TD Securities, believes the rebalancing of the crude market will come into the next year. He expects WTI to rise toward recent highs just below the $45 mark, however, a higher trade range between $45 and $50 is not likely this year. Key quotes “With US deman

The US Dollar sell-off stalled overnight, with the beleaguered greenback recouping some of its recent losses. Precious metals and equities also took a staycation after impressive recent gains. Mixed US earnings, a fall in US consumer confidence, fiscal stimulus negotiations, and the upcoming FOMC an

Emini Dow Jones_Nasdaq Emini Dow Jones September Futures remains much more stable then theEmini S&P & Nasdaq. Nasdaq September Futures DOUBLE TOP SELL SIGNAL. Daily Analysis Emini Dow Jones holding above first support at 12640/610 targets 26670/700& 26800/850 before a retest of last week

AUD/JPY fails to keep the uptick to 75.00 after Aussie Unemployment Rate matches downbeat forecast. Market’s risk-tone dwindles amid recent worries concerning the Sino-American relations. A busy day ahead with Chinese GDP be the immediate catalyst. AUD/JPY declines to 74.80 during Thursday’s Asian

DAX 30 Technical Analysis Elliott Wave Day Trading Plus; FTSE 100  Elliott Wave Analysis DAX 30 Index  Technical Analysis: Bullish Corrective pattern  DAX 30 Elliott Wave: Wave (iv) of c) of B of (2) Trading Levels: 12,800 Minor Level (mTL8|12,800 is the next target DAX30 Day Trading Strategy: Lon