2020

Of course, no two recessions are identical. But there are certain parallels that we can use to gain some insight into how the current recession might evolve. More importantly, what it implies for a few months down the road when economies…
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The precious metal continues on with its consolidation. Price action has been trading close to the 1724 level showing no signs of giving up. This comes amid lack of any fresh fundamentals. As a result, gold prices remain caught in a…
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WTI Crude oil prices are back on the front again after price is resuming its uptrend. Following the consolidation near the 37.67 level, oil prices are pushing higher. This could potentially set the stage for oil prices to rise to the…
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GBPUSD fell sharply on Thursday as price inched closer to the identified support area of 1.2368. The declines came on the back of the BoE meeting and a weak economic outlook. With the support level near 1.2516 clear, price action has…
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The euro currency continues its descent after the brief retest to 1.1261 failed. This has resulted in resistance forming at this level and has since pushed prices lower. The euro currency is down about 0.47% lower intraday. The…
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The key to tracking the economic recovery post-COVID is the return to consumer demand. And we can measure this with retail sales. One of the concerns about a potential "second dip" in the markets is if demand doesn't return fast enough…
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The precious metal has consolidated around the 1725 level over the past few daily sessions. This sideways consolidation is likely to suggest that we could see a breakout move in the making. But the bias remains mixed as prices could…
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WTI crude oil prices are trading steadily above the key price level of 37.67. Price action has, however, failed to post any higher highs. As a result, we see a double top pattern emerging near 38.60. If this pattern is validated, then…
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