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Silver and market prospects
Which will breach? Support or Resistance?Silver has strong support at $22.30 and strong resistance at $22.80. Today and after stronger US employment numbers, DXY found the support to rebound above the 96 mark. As the better employment data will lead...
US employment Overview
Waiting for Jobless claims and NFP after ADPIn October, the newly created jobs increased by 531K, and yesterday's ADP numbers also were better than expected. Now, for a better understanding of the US labor market situation, we need to wait for today'...
Powell lifted the Risk and USD together!
DXY above 60, can it hold? USD index still above 96, after sharp increasing to 96.65 and falling back to 96.82. Today again Mr. Powell will continue his testimony before the US House Committee on Financial Services, while PMI data and ADP Employ...
Omicron and Euro! next target?
U.S. 10 Year Treasury yields at 1.43%"Moderna's CEO: COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been with other types." This comment was enough to erase the earlier positive sentiment in the market...
European Update - Vaccine effectiveness!
Concerns increase, Stocks fallAt the beginning of the European season, stocks started to fall and continued the Asian market sentiment. Earlier, the Asian season while was started with a little bit positive sentiment about playing down the risk by ma...