2020

The GBPUSD currency pair continues to trade volatile, in reaction to the Brexit trade talks. Both the EU and the UK have until Sunday to finalize the deals. We expect the GBPUSD will therefore continue trading mixed into the weekend.…
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The euro currency regains its bullish momentum on the day. The gains came after the common currency posted declines for four consecutive days. This led prices to fall and test the trend line which offered dynamic support. Following this,…
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Shares in US airliner Boeing are trading around 3% lower pre-market on Thursday. The company’s shares were on a firm rally across recent weeks amidst the broad pick up in risk appetite. This is in response to growing optimism around COVID…
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Inflation is likely to be a watchword of the central bank in the coming months. So it will be relevant to forex dynamics and stock markets. But there is still no firm consensus among economists about what will happen. For us traders,…
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NZDUSD hints at the final part of the bullish triple zigzag formation. After the completion of the primary intervening wave Ⓧ, which is a skewed triangle, we saw a rapid rise in the price in the last primary wave Ⓩ. Wave Ⓩ consists of…
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AUDCAD was contending with a downward bias until November when price broke out of its descending channel. Since then, monthly highs have been achieved with resistance at the mid-0.96 range. The recent bearish divergence noted on the…
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Damaged Dollar Claws Back Some Ground The US index gained some traction yesterday as it closed 0.12% higher, breaching the 91 handle. Risk aversion seems to be supporting the greenback for now, as the House of Representatives approved a…
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Oil prices continue to trade weak above the 45.50 level. Prices fell once again on Wednesday, testing the 45.50 level of support. So far, no new highs have formed. This consolidation could lead to a potential correction if support gives…
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The precious metal is seen retesting the support level of 1850 once again. This comes as prices barely rose close to the 1880 level before giving back the gains. The market sentiment remains mixed leading to the rather flat price action…
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