2020

The euro currency is once again back on the front foot as price action inches closer to test the previously established two and a half year high at 1.2176. The gains come as the common currency eased back from its declines earlier this…
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Shares in Bank of America are trading a little lower pre-market on Tuesday. Following the recent rally from the September-November lows around the 23.00 level up to highs of 29.36, BAC shares have since retraced to 28.22 pre-market…
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While the press focuses on the potential ramifications of the scheduled conversation between UK PM Johnson and EC President von der Leyen (again), data is still coming out, driving the markets. There has been an improvement in sentiment…
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The current AUDUSD structure hints that the primary triple zigzag cycle wave b has completed. Impulsive wave (C) reached equality with wave (A) at the level of 0.757. It is likely that the currency pair could fall to the minimum below…
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AUDJPY has seen a continued ascension since the start of November, with the pair recently hitting yearly highs over $78.50. During the specified period, a strong bearish divergence has seen a shift in sentiment away from the bullish…
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US Stimulus Hopes Alive The US index slipped another 0.30% on Monday as it once again failed to an attempt at the 91 handle. The recent bipartisan covid-19 relief plan is said to be split into two packages to win approval after weeks of…
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Gold is trading soft with price action comfortably settled above the 1817.80 level for now. As long as this level holds, the precious metal could continue to hold on to its sideways range. The upside threshold is seen near the 1850…
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Oil traders woke to the news of an oil ship explosion near Saudi Arabia. This, alongside hopes of a quick recovery from the Covid-19 due to the vaccine, boosted oil prices higher. However, prices started retreating into the US trading…
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The British pound sterling opened the day on a bullish note. Prices gapped higher at the open to trade above the 1.3300 level for the most part. The big jump came as EU and the UK leaders pledged to walk the extra mile and iron out…
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The euro kicked off the week on a bullish note, gapping higher. The bullish momentum managed to push price back to briefly test the Dec 4 highs near 1.2177. However, the common currency gave back the gains rather briefly. As a…
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