2020

The precious metal is seen trading flat on Thursday, following the modest gains made a day before. Still, price action remains within the confines of Tuesday's high and low. A breakout from this minor range could trigger further gains…
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Crude oil prices flipped as the commodity erased the gains made on Wednesday. The lower high in price action is also potentially building the downside bias. For the moment, oil prices remain within the 41.00 and 38.83 levels.…
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The British pound sterling pared gains as price action has been bearish for the most part on Thursday. This follows the failure to post gains after rising above the 1.3000 handle. The reversal puts the GBPUSD back near Wednesday's lows.…
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The euro currency is extending its declines a day after price action closed flat. However, in the near term, this confirms the downside bias. With price action now trading below the 1.1715, this once again shifts focus to the 1.1600…
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Shares in US banking firm Citigroup are trading and 1.5% lower pre-market on Thursday, despite the group posting a solid set of Q3 earnings this week. Following on from the above-expectations Q2 earnings release back in July, Citi this week…
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Politics has taken center stage in the US, with even the latest polls pushing the markets. We can expect the economic situation to play a strong role in people's decisions on who to vote for. Therefore, economic data is getting the…
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The DXY dollar index recently completed the development of bearish correction wave b of a cycle degree. This consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of a triple zigzag. After the end of the specified correction, a new bullish trend looks…
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GBPJPY has been trading in a descending channel for over two years. Several tests at the lower channel have been met with support as the most recent attempt was during the pandemic months. Since then we have witnessed a move to the…
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Index Looks to US Data for a Lift The US dollar index barely shifted yesterday as it closed 0.14% lower. Remaining above the 93 handle was significant as Goldman Sachs, JP Morgan, and Citi beat earnings forecasts. The index is also…
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Gold The yellow metal has been a little softer this week with price weighed upon by the firm rally in equities prices. Despite concerns over the rising second wave of the COVID-19 virus, equities prices have been well supported by…
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