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Spot Silver XAGUSD Aiming for All Time High, Targeting $57.4

Spot Silver (XAGUSD) continues to display a constructive technical outlook, suggesting that the metal is preparing to challenge new all‑time highs. The short‑term structure from the 28 October low has unfolded as a five‑wave impulse, reinforcing the bullish trajectory. Wave 1 of this sequence concluded at $54.39, as indicated on the one‑hour chart. Following this […]

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MongoDB (MDB) stock dips while market gains: Key facts

In the latest close session, MongoDB (MDB) was down 1.65% at $326.27. The stock trailed the S&P 500, which registered a daily gain of 0.69%. Meanwhile, the Dow experienced a rise of 0.67%, and the technology-dominated Nasdaq saw an increase of 0.82%.

Read More MongoDB (MDB) stock dips while market gains: Key facts
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Happy Thanksgiving

The calm has returned to the markets before US traders left their desks for the turkey dinner. The US indices added to their gains for the fourth session, as US yields kept falling. The 2-year yield, for example — the part of the curve that captures the December Federal Reserve (Fed) expectations — fell straight […]

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Taking Temperature on Euro Area Credit Growth

In focus today In the euro area, focus turns to data on credit growth for October. Loan growth to non-financial corporations increased to 2.1% y/y in September but the momentum has lowered recently in a signal of a smaller boost to economic activity. In Denmark, retail sales for October are released. Our Spending Monitor showed […]

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GBP/JPY Daily Outlook

Daily Pivots: (S1) 205.92; (P) 206.56; (R1) 207.85; More… Intraday bias in GBP/JPY is back on the upside with break of 206.84 temporary top. Current rally from 184.35 should target a retest on 208.09 high. Firm break there will confirm larger up trend resumption. On the downside, below 205.29 minor support will turn bias neutral […]

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GBP/JPY Daily Outlook

Daily Pivots: (S1) 205.92; (P) 206.56; (R1) 207.85; More… Intraday bias in GBP/JPY is back on the upside with break of 206.84 temporary top. Current rally from 184.35 should target a retest on 208.09 high. Firm break there will confirm larger up trend resumption. On the downside, below 205.29 minor support will turn bias neutral […]

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Germany December GfK consumer sentiment -23.2 vs -23.2 expected
Prior -24.1

German consumer morale picked up a little heading into the holidays with GfK noting that “consumer sentiment is currently at almost exactly the same level as last year”. Adding that while it does “show a certain stability in consumer sentiment”, the flip side is that “it shows that consumers do not expect a drastic recovery in the short-term”. In terms of economic expectations, that is seen sliding back down to -1.1 from 0.8 in October.

This article was written by Justin Low at investinglive.com.
Read More Germany December GfK consumer sentiment -23.2 vs -23.2 expected
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EUR/JPY Daily Outlook

Daily Pivots: (S1) 180.67; (P) 181.07; (R1) 181.84; More… Intraday bias in EUR/JPY remains neutral and more consolidations could be seen below 181.98. Deeper retreat cannot be ruled out, but downside should be contained by 178.80 resistance turned support to bring another rally. On the upside, break of 181.98 will target 100% projection of 161.06 […]

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Crude Oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $58.35 per barrel, down from Wednesday’s close at $58.49.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $62.25 after its previous daily close at $62.43.

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Gold bounces off daily low; remains close to nearly two-week top amid Fed rate cut bets

Gold (XAU/USD) recovers slightly from the daily low, though it sticks to a mildly negative tone heading into the European session amid a combination of negative factors.

Read More Gold bounces off daily low; remains close to nearly two-week top amid Fed rate cut bets

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