<p>COMEX gold soared to $1788 an ounce on Tuesday. The strengthening positive momentum hints that a further rise toward the $1800 could be a piece of cake in case of a sudden downturn in global risk appetite.</p> <p>The US dollar is under the pressure of the ballooning Federal Reserve (Fed) balance sheet.</p> <p>Due to
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(15 April 2020)DAILY MARKET BRIEF 1:Souring investor mood.
<p>US stock indices extended gains on Tuesday. The S&P500 gained 3.06% and Nasdaq rallied 3.95% as technology stocks led gains. Big banks were among the worst performers of the New York session, followed by energy stocks.</p> <p>US banks were offered after the first corporate results showed that bank profits were hit by si
(15 April 2020)Crude Oil (WTI) Under pressure.
<p>Pivot</p> <p> (invalidation): 21.10 </p> <p>Our preference</p> <p>Short positions below 21.10 with targets at 19.95 & 19.25 in extension.</p> <p>Alternative scenario</p>
(15 April 2020)Silver spot ($) The bias remains bullish.
<p>Pivot</p> <p> (invalidation): 15.5400 </p> <p>Our preference</p> <p>Long positions above 15.5400 with targets at 15.8400 & 15.9300 in extension.</p> <p>Alternative scenario</p>
(15 April 2020)Gold spot ($) Bullish bias above 1715.00.
<p>Pivot</p> <p> (invalidation): 1715.00 </p> <p>Our preference</p> <p>Long positions above 1715.00 with targets at 1738.00 & 1747.00 in extension.</p> <p>Alternative scenario</p>
(15 April 2020)S&P 500 The upside prevails.
<p>Pivot</p> <p> (invalidation): 2770.00 </p> <p>Our preference</p> <p>Long positions above 2770.00 with targets at 2900.00 & 3002.00 in extension.</p> <p>Alternative scenario</p>
(15 April 2020)DAX Bullish bias above 10650.00.
<p>Pivot</p> <p> (invalidation): 10650.00 </p> <p>Our preference</p> <p>Long positions above 10650.00 with targets at 10930.00 & 11013.00 in extension.</p> <p>Alternative scenario</p>
(15 April 2020)USD/TRY Further upside.
<p>Pivot</p> <p> (invalidation): 6.7940 </p> <p>Our preference</p> <p>Long positions above 6.7940 with targets at 6.8460 & 6.8630 in extension.</p> <p>Alternative scenario</p>
(15 April 2020)AUD/USD Turning down.
<p>Pivot</p> <p> (invalidation): 0.6445 </p> <p>Our preference</p> <p>Short positions below 0.6445 with targets at 0.6375 & 0.6355 in extension.</p> <p>Alternative scenario</p>
(15 April 2020)USD/CAD Choppy.
<p>Pivot</p> <p> (invalidation): 1.3920 </p> <p>Our preference</p> <p>Short positions below 1.3920 with targets at 1.3860 & 1.3825 in extension.</p> <p>Alternative scenario</p>