Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3% in 2020 after a sharp contraction early in the year.
The downtrend may be expected to continue, while market is trading below resistance level 1.2130, which will be followed by reaching support level 1.1880
On the whole, EURJPY continues to face risk of further move lower.
NEW YORK (AP) — Wall Street closed out its first losing week in three with another drop on Friday after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw...
Benchmark U.S. crude oil for February delivery fell $1.21 to $52.36 a barrel Thursday. Brent crude oil for March delivery fell $1.32 to $55.10 a barrel.
ES, NQ, Treasuries, Crude Oil, Gold, and Silver
Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street.
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Benchmark U.S. crude oil for February delivery rose 66 cents to $53.57 a barrel Thursday. Brent crude oil for March delivery rose 36 cents to $56.42 a barrel.
ES, NQ, Treasuries, Crude Oil, Gold, and Silver
An uptrend will start as soon, as the market rises above resistance level 1.2172, which will be followed by moving up to resistance level 1.2222
The GBPJPY is edging higher going into today's European morning, and appears to have a bit more upside in the next week or so. Significantly, the GBPJPY has broken this week decisively above triangle...
Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and down near their record highs.
Benchmark U.S. crude oil for February delivery fell 30 cents to $52.91 a barrel Wednesday. Brent crude oil for March delivery fell 52 cents to $56.06 a barrel.
Short Term Elliott Wave view suggests the rally from September 24, 2020 low in Silver ended wave ((1)) as a leading diagonal. Pullback in wave ((2)) is now in progress as a zigzag Elliott Wave structure....
ES, NQ, Treasuries, Crude Oil, Gold, and Silver
BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week's attack on...
Benchmark U.S. crude oil for February delivery rose 96 cents to $53.21 a barrel Tuesday. Brent crude oil for March delivery rose 92 cents to $56.58 a barrel.
All in all, EURUSD looks for more downside pressure in the days ahead.
ES, NQ, Treasuries, Crude Oil, Gold, and Silver
