2020

New Zealand to Hold Fast With the COVID outbreak largely controlled domestically, New Zealand is basically holding the line while the rest of the world gets the virus under control. This poses a problem, as an important part of the…
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Gold soared to record highs on the 7th of August. However, recent risk sentiment has evidently shifted. The current Tenkan line is acting as a resistance pulling the price to trade closer to the Kijun line, indicating a downward…
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US Dollar Finds Momentum The US index closed above 93 for the second consecutive day on Monday. This comes after President Trump is looking to bypass congress in the hopes of extending the unemployment benefit relief package. Initial…
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The precious metal is trading soft on Monday right after prices touched a new all-time high last Friday. The pace of declines is, however, limited. This means that the upside is still likely to prevail. On the 4-hour chart, we see…
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Oil prices have been somewhat volatile over the past few sessions. After trading strongly above the 42.00 level, oil prices gave way, paring gains. As a result, WTI crude oil is now trading within the 42.00 and 41.00 levels. A…
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The British pound sterling is also extending losses from last Friday. Just after price made another attempt to close above 1.3122, GBPUSD dropped lower. For now, price action is likely supported near the 1.3000 level. We expect some…
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The common currency is trading weaker on Monday's open, extending on the declines from last Friday. This comes as price failed to breach the previous two-year highs. The dollar strength is also adding to the current weakness in EURUSD.…
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Earnings Beat Shares in US banking firm JP Morgan are trading over 2% higher pre-market on Monday. Buyers continue to show demand for the stock following a solid Q2 earnings release. JP Morgan posted earnings of $1.38 per share last month,…
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The USDJPY structure hints at cycle wave e consisting of primary waves Ⓐ-Ⓑ-Ⓒ. The 5-wave impulse Ⓐ and correction wave Ⓑ took the form of a bearish double zigzag. The impulse wave Ⓒ is currently under development. Intermediate…
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This is the week many analysts have been waiting for, as we get a series of pivotal data that will give us some insight into how the pound, euro and Aussie dollar might behave in the medium term. We also might have some surprises in just…
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