techincal analsysis

Tighter US crude inventories bullish for BRENT US crude oil inventories declined last week. Will the BRENT rise? The crude oil output is set to be cut by 500,000 barrels per day starting in January by the Organization of the Petroleum Exporting Countries and other major producers, including...

Preparing for the publication of significant statistics in Canada In this review, we suggest considering the personal composite instrument (PCI) & CAD_Index. It reflects the price dynamics of the Canadian dollar against other world currencies. Will the CAD_Index rise? The share of hydrocarbons...

US-China deal may cause the correction of precious metals US and China agreed to sign a phase one trade deal. Will the XAGEUR rise? An upward movement means an increase in silver prices against the euro. In fact, the signing of a phase one trade deal reduces global risks. US Trade...

Preparing for Fed and ECB meetings Positive macroeconomic data were published in the Eurozone. Will the euro continue rising? Germany's trade surplus in October exceeded forecasts, the September indicator and amounted to 21.5 billion euros. The October current account balance of Germany was...

Lower US recession risks Good labor market data came out in the US. This reduced the risks of a slowdown in the global economy. Will Copper prices continue rising? Nonfarm payrolls in the United States increased by 266 thousand in November, which is a 10-month high. This can significantly...

Bigger than forecast retail trade decline bearish for EURUSD Retail sales in the euro-zone declined in October over month more than forecast. Will the EURUSD decline? The price chart on 1-hour timeframe shows EURUSD: H1 is in uptrend. The price is rising above the 200-period moving average...

US-China trade negotiations may be delayed until the US presidential election In this review, we suggest considering the composite gold instrument Gold vs S&P 500 Index. Will the XAUSnP rise? Such a movement is observed when gold prices rise, and the S&P 500 decreases. Gold is a safe-haven...

Bad weather in the US prevented corn harvest A blizzard in the northwest US Midwest halted corn harvesting. Some farmers said that they would leave the crops unharvested until spring. Will Corn prices rise? Bad weather is still observed in a number of regions of the world. It rains heavily in...

Euro-zone CPI rise bullish for EURUSD Euro-zone annual inflation rose to 1.0% in November from 0.7% in October, according to a Eurostat flash estimate. Will the EURUSD rise? The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is falling below the 200-period...

Rising placements bearish for FCATTLE US cattle placements continued to rise in October. Will the FCATTLE decline? Recent US feedlot data were bearish. Placements in feedlots during October were higher compared to same period a year ago: 2.477 million head in total, 10% above October 2018...

The next round of US-China trade talks is expected Representatives of the United States and China held talks regarding the conclusion of the first phase of a trade deal. Will the NZDJPY rise? Such a movement is observed in case of the strengthening of the New Zealand dollar and weakening of the...

Demand for natural gas may decline because of warm weather in the US In this review, we suggest considering the personal composite instrument (PCI) &SumOIL/GAS. It reflects the price dynamics of the portfolio composed of futures contracts on Brent and WTI crude oils against the US natural gas...

Beef production increased in the US US Department of Agriculture (USDA) announced an increase in beef production in October 2019. Will LCATTLE quotations fall? US beef production increased by 11% in October compared to September 2019 and by 1% compared to October 2018. The USDA forecasts a...

Improving ZEW indicator bullish for EURUSD The ZEW Indicator of Economic Sentiment for Germany improved substantially in November compared with the previous month. Will the EURUSD rise? On 1-hour timeframe EURUSD: H1 is in downtrend, below the 200-period moving average MA(200) which is...

Rising car sales bullish for XPDUSD EU car sales grew strongly in September. Will the XPDUSD continue gaining? Palladium is one of three precious metals together with platinum and rhodium used in catalytic converters for car exhausts. And more than 80 percent of the world's palladium is used in...

Rising China pork imports bullish for LHOG Higher China pork imports are bullish for pork market. Will the LHOG continue gaining? China’s pork imports in September surged 76% from a year earlier after deadly African swine fever reduced the world’s top pig herd by almost 40%, according to...

US Department of Agriculture Reduces Soybean Stock Assessment China is going to increase purchases of American soybeans. Will the Soyb quotations grow? On September 30, Chinese companies purchased 600 thousand tons of soybeans in the United States for delivery in November-January. This is...

Better than forecast sales bullish for LCATTLE US cattle sales were better than expected in August. Will the LCATTLE continue gaining? USDA Cattle on Feed Report for September was supportive for beef demand. According to the report released last Friday, sales of fed cattle during August were...

China increased pork imports Pork imports to China in July 2019 increased by more than 2 times compared to the same period last year. Will the LHOG quotations grow ? China is the largest buyer of pork in the world market. Due to African swine fever (African swine fever (ASF)), the number of...

UK and EU seek an agreement on Brexit terms British Prime Minister Boris Johnson held a series of meetings with world leaders on the conditions for his country's exit from the European Union. Will the GBPCHF quotations grow? Their upward movement means the strengthening of the British pound and...