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Daily Market Charts and Analysis December 10, 2018

Market Charts and Analysis

Here are the most recent charts and market analysis for today. Check them out!


The pair is seen to break the support. This was after the newly inaugurated Mexican President Andres Manuel Lopez Obrador suggested that he’d end up NAFTA (North Atlantic Free Trade Agreement), re-nationalize the oil industry, and shift to an isolated economy such as Cuba’s or Venezuela’s. Mexico, unlike any other Latin American country, has never had a socialist government – a fact that has created a huge popular appetite for Mr. Lopez Obrador’s appeals to dramatic change and economic justice, but also fears that he could collapse Mexico’s hopeful economy. Trump sent his daughter and Senior Adviser Ivanka Trump during the president’s inauguration. The pair is diverging, an indication of future decline in the price. Histograms and EMAs 13 and 21 were seen to fall lower.


The pair is expected to bounce back from a major support line. Canada and the United Kingdom are hosting a “coal-free day” at the United Nations climate talks in Katowice, Poland, a city built on coal mining. Poland relies on coal for almost 80 percent of its electricity, more than double the global average, and Katowice is the heart of its industry. However, the United States joins Russia and Saudi Arabia to resist global climate efforts. The US is playing a double-edged sword as CEE (Central and Eastern Europe) was pivoting to China as the bloc host most of the Nationalist members of the European Union. The United States and China were in a truce with their trade war, but analysts are waiting for any signal that China might retaliate against the US after it jails Huawei’s Global Chief Finance Officer and daughter and heiress to Huawei’s founder.


The pair will continue to go lower in its support line. Billionaire Czech Prime Minister Andrej Babis met Hungarian Prime Minister Viktor Orbán met last Friday, December 07, 2018, to increase the country’s economic cooperation, following the rise of Nationalism in the European Union. Hungary and Czech are both members of CEE (Central and Eastern Europe), a rising bloc primarily composed of Nationalist EU member, which are slowly pivoting to China, that threatened to divide the European Union. PM Babis also faced pressure over his business dealings after an EU legal document said he has a conflict of interest due to links to agribusiness companies that received European funds.


The pair was expected to go lower below MAs 50 and 200. US Secretary of State Mike Pompeo announced that the Trump administration would begin the formal process to scrap the landmark INF (Intermediate-Range Nuclear Forces) Treaty within 60 days unless Russia returns to compliance with the treaty’s terms. The European Union sees scrapping the treaty as pushing Russia and the US into a further arms race without improving EU’s security, which heavily relies on US-backed NATO (North Atlantic Treaty Organization) that comprised mostly of EU nations. Russia also managed to become the world’s second-biggest arms producer after the United States.



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