Blogs
(19 JUNE 2020)DAILY MARKET BRIEF 2:Trump points at ‘complete decoupling’ with China
<p>The strong US dollar gains strength against most currencies, except the yen and the Swiss franc as de-risking continues.</p> <p>Gold remains stoic faced with the lack of clarity in market direction. The black gold, however, gains traction on prospects of improved demand/supply dynamics despite the rising second wave worries and
(19 JUNE 2020)DAILY MARKET BRIEF 1:Consolidation as retail sales jump
<p>Asian stocks are set to close the week on a positive note, after having swung between hope of post-Covid recovery and fear of a second wave contamination this week. US equities were mostly flat on Thursday. Nasdaq led gains as investors felt more comfortable buying tech stocks, if they were to buy anything, amid record […]
(19 JUNE 2020)Crude Oil (WTI) Look for 40.30.
<p>Pivot</p> <p> (invalidation): 38.50 Our preference</p> <p>Long positions above 38.50 with targets at 39.50 & 40.30 in extension.</p> <p>Alternative scenario</p> <p>Below 38.50 look for further downside with 37.95 & 37.55 as targets.</p>
(19 JUNE 2020)Silver spot ($) Expect 17.1400.
<p>Pivot</p> <p> (invalidation): 17.5400 Our preference</p> <p>Short positions below 17.5400 with targets at 17.2900 & 17.1400 in extension.</p> <p>Alternative scenario</p> <p>Above 17.5400 look for further upside with 17.6700 & 17.7500 as targets.</p>
(19 JUNE 2020)Gold spot ($) Consolidation in place.
<p>Pivot</p> <p> (invalidation): 1728.00 Our preference</p> <p>Short positions below 1728.00 with targets at 1717.00 & 1712.50 in extension.</p> <p>Alternative scenario</p> <p>Above 1728.00 look for further upside with 1733.00 & 1737.50 as targets.</p>
(19 JUNE 2020)S&P 500 Choppy.
<p>Pivot</p> <p> (invalidation): 3154.00 Our preference</p> <p>Short positions below 3154.00 with targets at 3077.00 & 3017.00 in extension.</p> <p>Alternative scenario</p> <p>Above 3154.00 look for further upside with 3184.00 & 3233.00 as targets.</p>
(19 JUNE 2020)DAX Consolidation.
<p>Pivot</p> <p> (invalidation): 12430.00 Our preference</p> <p>Short positions below 12430.00 with targets at 12132.00 & 12040.00 in extension.</p> <p>Alternative scenario</p> <p>Above 12430.00 look for further upside with 12530.00 & 12660.00 as targets.</p>
(19 JUNE 2020)USD/TRY Target 6.8720.
<p>Pivot</p> <p> (invalidation): 6.8450 Our preference</p> <p>Long positions above 6.8450 with targets at 6.8610 & 6.8720 in extension.</p> <p>Alternative scenario</p> <p>Below 6.8450 look for further downside with 6.8310 & 6.8190 as targets.</p>