2020

No End in Sight for Dollar Freefall The US index fell 0.78% lower on Tuesday as it traded at its lowest level since April 2018. Traders continued the sell-off amongst the dollar as risk aversion came into play. Yesterday, a bipartisan…
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The precious metal has been posting strong gains on the back of the US dollar. Gold prices are up nearly 2% intraday on Tuesday. The rebound also coincides with the impending correction in gold, as mentioned a day before. For the moment,…
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Oil prices are trading weaker on Tuesday. The declines come despite the US dollar taking a strong hit. The move to the downside comes after oil prices failed to make any big moves to the upside. As a result, WTI crude oil was…
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The British pound sterling is posting strong gains on the back of a weaker dollar. After price action consolidated above the 1.3300 level, the cable is attempting to push higher. For the moment, prices are stuck near the trend line. As…
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The euro currency is posting strong gains, rising over one percent on the day. The gains largely on the back of a weakening US dollar. Earlier on Monday, the euro gave back the gains after testing the 1.2000 level. However, this decline…
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Shares in leading technology company IBM are trading a little higher pre-market on Tuesday. The company’s stock has enjoyed a firm rally over recent weeks as the broad uptick in risk appetite has translated into better demand for IBM stock.…
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Janet Yellen is back. Well, as head of the Treasury Department. As you likely recall, Yellen was the Federal Reserve Chair during the anemic economic recovery following the last recession. She was initially slated to remain on the…
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The current GBPUSD structure hints to a horizontal correction wave (4) of the intermediate degree. It takes the form of a minor A-B-C flat. The minor wave A in the form of a minute zigzag is fully complete. The corrective wave B is still…
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USDZAR has traded under a negative tone for the majority of 2020. Potential peaks have been met with heavy resistance as prices were pushed to a 9-month low. The bottom found at the 17.26/15.10 downside Fibonacci leg, which has seen a…
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End of Month Woes for the Dollar The US index initially dropped to fresh yearly lows yesterday, before rebounding and ending the session 0.19% higher. The index fell to levels last seen more than two years ago as the risk-on sentiment…
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