European Doom and Gloom

Silver reversed from support level 29.70 Likely to rise to resistance level 32.00 Silver recently reversed up from the key support level 29.70 (former monthly high from April), which stopped the previous intermediate impulse wave (3). The support level 29.70 was strengthened by the 20-day moving average and by the 38.2% Fibonacci correction of the […]

Last week’s broad-based US dollar strength has dissipated ex-post US non-farm payroll data with the continuation of its underperformance against the GBP. The US labour market has started to show growing slack where the labour force participation rate has dipped to 62.5%, its largest monthly decline in almost three years and full-time unemployment recorded its […]

US will release GDP growth data at 13:30 GMT on Thursday An upside surprise seems more likely than a disappointment Dollar could benefit from a beat, as Fed cut bets are unwound Dollar comes back to life The US dollar started the new year on a strong note. A series of economic indicators have reaffirmed […]