Categories Finance

China seen increasing gold reserves in December

That compares with their November holdings of 72.96 million fine troy ounces. In terms of reserves value though, that has fallen from $193.43 billion in November to $191.34 billion as of December. As a side note, do be mindful that these are the numbers that China wants you…

Read More
Categories Finance

Nasdaq Futures Analysis for Today

NASDAQ 100 E-mini Futures Analysis for Today Financial Instrument: Nasdaq 100 E-mini FuturesPrice at the Time of Analysis: 21,725 Key Levels to Watch Bullish Above 21,760 Why Bullish Above?A move above 21,760 indicates price is surpassing yesterday’s VWAP and today’s developing Value Area High (VAH). This suggests buyers…

Read More
Categories Finance

European indices hold more sluggish at the open today

Eurostoxx -0.2% Germany DAX -0.1% France CAC 40 -0.3% UK FTSE -0.6% Spain IBEX -0.3% Italy FTSE MIB -0.9% The overall risk mood is more cautious today after the late selling in Wall Street yesterday. Tech shares still held on for gains but that hasn’t translated to much…

Read More
Categories Finance

USDJPY Technical Analysis – Consolidation ahead of key data

Fundamental Overview The USD continues to remain supported since the last FOMC decision as the market perceived it as more hawkish than expected. After the rally during the low volume Christmas holidays, we are seeing a pullback pretty much across the board. The market’s pricing didn’t change much…

Read More
Categories Finance

What are the main events for today?

In the European session, the focus will be on the Swiss CPI and especially on the Eurozone CPI as the market’s pricing for the ECB remains very dovish. In the American session, the attention will switch to the ISM Services PMI and the US Job Openings. 07:30 GMT…

Read More
Categories Finance

Switzerland December CPI +0.6% vs +0.6% y/y expected

Prior +0.7% Core CPI +0.7% y/y Prior +0.9% Swiss inflation continues to stay at manageable levels but at some point, the worry might be that price pressures could become too depressed. The SNB has to remain steadfast in managing the franc in that respect as such. This article…

Read More
Categories Finance

S&P 500 E-mini Futures Analysis for Today

S&P 500 E-mini Futures Analysis and Key Levels Financial Instrument: S&P 500 E-mini FuturesPrice at the Time of Analysis: 6014 The S&P 500 E-mini Futures are currently trading near 6014, reflecting a pivotal moment in the market as price hovers between critical levels. This analysis highlights key bullish…

Read More