2020

There are a lot of expectations about employment figures out of the UK. But, unfortunately, an official measure of the coronavirus' impact on the jobs market in the UK is going to have to wait a bit. The reason being is because tomorrow we…
Read More

USDCAD Rises as Canada's Economy Contracts The Canadian dollar is in troubled water due to a combination of free-falling oil prices and a GDP slump. The Bank of Canada kept interest rates unchanged at 0.25% last week and ramped up…
Read More

Gold prices eased into Friday’s close, losing just over 2% after hitting highs of 1747. The declines accelerated after the higher low near 1712 gave way. The current declines could see gold testing lower support near 1671.95. As a…
Read More

WTI crude oil prices fell to an 18-year low on Friday. Price action settled near 18.44, after briefly slipping to 17.41 on an intraday basis. The current price level marks a retest of a multi-year support level. Crude oil posted a low…
Read More

The GBPUSD currency pair continues to consolidate sideways. Price action is trading right near the upper end of the range at 1.2497. With the Stochastics oscillator turning higher, there is scope for prices to find support at this level.…
Read More

EURUSD managed to post a modest recovery into Friday’s close, rising 0.31%. However, the currency pair remains range-bound within the corridor of the 1.0905 and 1.0787 levels for now. The pullback after falling slightly lower shows…
Read More