The NASDAQ 100 is in a short-term downtrend and the RSI is moving lower, suggesting the bears are dominant.
Gold is rising, and momentum has now turned positive, implying the bulls are in control.
WTI is in a downtrend and the MACD indicator shows that momentum is negative, suggesting the bears dominating.
Optimistic sounds from Russia-Ukraine talks helps mood
Editorial by Stuart Cole, head macro economist at Equiti Capital
- Unlike the Federal Reserve (Fed) and Bank of England (BoE), the European Central Bank (ECB) policy remains in ‘support’ mode
- But with CPI at 5%, tensions are growing that an accommodative monetary policy is no longer required
- The reality is the ECB is also working to avoid another blow-out in sovereign bond yields
European equity markets are down on the day because of the sizeable losses seen in the US last night. Yesterday, America recorded its first case of the omicron variant of the Covid-19 virus, and that impacted markets in Asia and Europe.
EURUSD has risen since the beginning of trading day trying to exceed levels of 1.17
The pair has failed to exceed a resistance area at 1.1680/90
The pair has risen since the beginning of trading day trying to test the neck line at 1.1690, and as prices still below this level
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