2020

The euro currency's rebound after the ECB meeting saw prices rising only to highs near 1.2150. Following this, price action retreated, edging closer back to the rising trend line. We expect the trend line support to once again come into…
Read More

During trading periods when the market can be very volatile, this can be a very intimidating time to trade. Certain technical indicators can be very useful during unpredictable events. However, in order to realize the full potential of…
Read More

Shares in General motors are trading a little higher pre-market on Friday. The company’s stock prices have seen a firm rally off the September lows, trading up from around the 28 level to highs of above 46. While shares have recently…
Read More

Every year, four members of the FOMC rotate out. The governors who were their alternates then join the committee as voting members. Because members are so well studied, the market has a good understanding of their bias in favor of easing or…
Read More

Gold Gold prices have been lower over the week following a strong sell-off on Wednesday. The market shed 2.4% in response to the move higher in the dollar midweek. The risk sentiment backdrop has generally remained against gold this…
Read More

The precious metal did not react much to the news of the ECB's stimulus expansion. As a result, gold prices remain fairly settled above the 1850 levels for the moment. As long as this support holds, we can expect price action to trade…
Read More

Oil prices are trading bullish following days of consolidation near the 45.00 level. The gains are driven by news about two oilfields in Iraq under attack. For the moment, with the support level at 45.00 being establishing oil prices…
Read More