This week, new records were recorded on Wall Street. This time it was the Dow Jones Industrial Average which broke the 23,000 points mark. Oil continued the upward trend that began in recent weeks, mainly due to two reasons: The first is the appeal made last week to the oil shale producers to adjust its… Continue reading On the Global Front
The DAX 30 index remains elevated above the 12,900 support and the SPX 500 Index remains buy on dips near the 2,545 level. DAX 30 Index Forecast – Break above 13,000 Possible? Key Points: The DAX 30 index managed to move above the 12,900 resistance level, which is a positive sign. There is a short-term… Continue reading Market Forecast 12/10/2017
The AUDUSD pair recovering from the 0.7730-40 support and eyeing more gains. Gold is placed well above $1285 for a move towards $1300. AUDUSD – Aussie Dollar Set to Rise Further Key Points The Aussie Dollar after a steep decline found support just above 0.7740 against the US Dollar. There is an ascending channel… Continue reading Market Forecast 11/10/2017
If you ask any Investor/Trader what is the busiest period of the year for him, you will probably get the same answer – Earnings Season. Each quarter starts with the companies’ earnings results of the previous quarter. Put it simply – all of the biggest companies in the market report their profits and losses during… Continue reading 5 of the biggest banks are publishing their earnings this week: What will the cards reveal?
FTSE 100 recovered well and now trading above 7,400. SPX 500 spiked above 2520 and eyeing more gains in the near term. FTSE 100 Index Forecast – Back In Bullish Zone: Key Points: The FTSE 100 index after forming a bottom at 7200 started an upside move towards 7500. There is a major bullish… Continue reading Market Forecast 06/10/2017