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AUD/NZD currency pair analysis

The ascendant wave structure is truncated. The currency pair fluctuates between 365 and 135 moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trade idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the …

Crude price ease among possible supply increase

News of the day, Thursday, 10 March

The e-commerce giant Amazon has announced yesterday the 20-for-1 split of its shares and a $10 billion buyback plan. Amazon shares had increased by 7% in extended trading after the announcement came out. This is the first stock split by Amazon since 1999. …

Biden bans Russian oil while Europe holds still

News of the day, Wednesday, March 9

US President Joe Biden has imposed a ban on Russian oil and gas imports as a part of sanctions after the Ukraine invasion. He made this decision despite possible voters' criticism over increasing gasoline prices.

“We're banning all imports of Russian oil and …

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