2020

As expected, GBP has rallied considerably after news confirmed that a Brexit deal had been reached. Even before the details of the plan were known! Once the initial euphoria wore off, however, sterling moderated its gains. During the…
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GBPJPY Rises After Brexit Agreement 2020 has not been an easy year but at least Brexit may finally materialize after protracted negotiations. The markets will look into details as the final agreement reveals itself. Especially…
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S&P500 index closed out last week with modest declines. However, price action remains perched near all-time highs. Over the week, the leading US equity index briefly traded below the 3674 level before price was rejected. There was…
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Last week’s highlights Australia retail sales rise 7% in November Retail sales in Australia posted a continued rebound in November, building up from the gains in October. The total value of retail sales rose 7% on a month over month basis…
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Gold continues to trade flat, stuck within the range of 1850 and 1900 levels. Price action was a bit volatile into the close of last week. However, there was a modest rally posted heading into Thursday's close. For the moment, gold…
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Oil prices were trading bullish for two consecutive days through Thursday. Price action settled at 48.28 heading into Thursday's close. For the moment, oil prices hang in the balance. With the trend line break from earlier last week,…
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British pound Sterling closed on Thursday posting strong gains, but not before giving back some of the intraday gains. Price action is now firmly settled above the key support reaching near 1.3506. This puts the GBPUSD close to the…
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The euro closed last Thursday with modest declines after giving back the intraday gains. On the intraday charts, price action already breached the trendline. The intraday gains on Thursday saw the trendline being retested, but prices…
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GBPUSD seems to have formed a cycle degree wave e that consists of primary corrective sub-waves Ⓐ-Ⓑ-Ⓒ. Wave e is part of a large triangle. Currently, prices are structuring a bearish impulse consisting of intermediate sub-waves. The…
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When it comes to trading financial markets, one of the big benefits is the diverse range of assets and instruments available to traders. Can You Trade Stocks on MetaTrader 4? Along with Forex, one of the most popular asset…
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