2020

Stock markets in Europe have been moving higher this week. The European Commission reported that they had made progress on securing an investment deal with China. The deal has been on the negotiation table since 2013, and has missed several…
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Trump Appeals for Larger Stimulus The US dollar dropped by 0.24% yesterday, falling back to the lowest levels seen since April 2018. Progress on additional US stimulus saw fresh selling and a move back below the 90.00 mark. This…
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AUDNZD has witnessed a sizeable downtrend since the third quarter, with price dropping into the lower 1.04 region. A brief rally to the top end of the descending channel now sees prices wane, as resistance at the specified area eyes…
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The precious metal is on track to close on Tuesday with some modest gains. This puts price action to reverse the declines from the day before. For the moment, the overall trend remains flat. Within the short term price charts, the…
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Oil prices are turning higher, albeit price action remains relatively flat. A weaker dollar is helping to push the oil prices modestly higher. But the recent highs near 48.94 remains a lower high compared to the previous highs.…
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The British pound sterling reversed declines and is now currently trading near the previous level of 1.3500. As noted previously, if resistance is established here, then the GBPUSD could be heading lower. For the moment, the Stochastics…
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The euro currency reversed the declines from Monday and managed to post moderate gains on Tuesday. However, prices were met with the trendline resistance once again. After being rejected near this level, the euro currency is likely to…
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Recovery Continues Shares in JP Morgan are trading a little lower pre-market on Tuesday. This is despite the better tone to risk markets this week. Shares in the bank have rallied firmly over recent months, however, trading higher by…
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