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Technical Analysis

Get our latest technical analysis reports from our in-house analysts on a variety of instruments.

SPX500 Technical Analysis, August 7, 2020

SPX500: Technical Outlook: SPX500 seems to have finally topped around 3350/55 levels yesterday. The futures are trading lower at the moment around 3325 and could reverse sharply from here. A break below 3200 immediate support would certainly confirm that the indice has reversed lower. SPX500 wave counts are still clear

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USDJPY Technical Analysis, August 6, 2020

USDJPY: Technical Outlook: USDJPY seems to have carved a meaningful bottom around 104.20 mark, over the last week. The currency had managed to rally through 106.50 levels before retracing lower again. Bulls are looking determined to pick up from here again. USDJPY alternate wave structure is presenting a bullish scenario.

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GBPUSD Technical Analysis, August 5, 2020

GBPUSD: Technical Outlook: GBPUSD seems to have carved a meaningful top around 1.3170 mark over the last week. The currency has print lows around 1.2981 yesterday before pulling back higher again. It is seen to be trading around 1.3087 for now as bears prepare to take control. GBPUSD had print

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Fundamental Analysis

Exclusive Insights through research. Timely financial market commentary is provided by our in-house team of analysts.

Market Briefing: Gold and Silver climbed to multi-year highs

Gold and Silver shined yesterday, climbing to multi-year highs, boosted by the weaker US dollar, the zero interest rates, the surging COVID-19 cases around the world, and the expectations for more stimulus packages from Europe and US. Both precious metals gained support after the European leaders agreed on a historic

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Chevron to takeover Noble Energy in a $5 billion deal

The US energy giant Chevron has announced an all-stock deal for about $5 billion to buy the oil and gas producer Noble Energy Inc, which is the largest US energy deal in 2020. The deal was the first major energy takeover since the outbreak of coronavirus which caused the drop

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