In what will be a long rd to membership, Ukraine has won its candidate status in a bid to gain EU membership. EU leaders have accepted both Ukraine and Moldova as membership candidates of the European Union, European Council President Charles Michel said on Thursday evening. “Agreement. #EUCO has just decided EU candidate status to … Read more
Market sentiment remains divided amid central banks’ moves, growth fears. US Treasury yields remain pressured for the third consecutive day. S&P 500 Futures, Euro Stoxx 50 Futures consolidated recent losses. Fed’s bi-annual monetary policy report, Powell’s speech will be crucial for fresh directions. Global markets remain dicey as central banks flex muscles to battle inflation. … Read more
The 3/7/2022 low of 12438.85 in $DAX completed correction to the cycle from March 2020 low (Covid-19 low). From 3/7/2022 low, DAX has turned higher in a 5 waves impulse Elliott Wave structure. Up from 3/7, wave (1) ended at 14925.25 and pullback in wave (2) ended at 13387.74 as the 1 hour chart below … Read more
European Union nations are reportedly working on a Russia oil sanction deal that could be signed at next week’s EU Council Summit that would exclude oil delivered into the EU via pipelines, two EU officials told Reuters. Bloomberg had reported something similar earlier in the day. The exclusion of oil delivered by pipelines is designed … Read more