2020

Gold The yellow metal has come under significant selling pressure this week with the market falling 5.5% as of writing. Gold is now down more than 10% from the 2073.48 highs posted last month. The main driver behind the acceleration…
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The precious metal is looking to reverse the recent sharp declines. Prices closed almost flat on Thursday. Thus a follow-up bullish close on Friday could see some near-term gains being made. But the correction could hit the resistance…
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Oil prices are trading bullish as price action fully recovered on Thursday from the losses from the previous two sessions. But prices are still off the 41.00 handle where resistance is likely to hold in the near term. The outlook…
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The British pound sterling is closing with gains and price action could see some modest recovery in the near term. The bullish engulfing pattern comes after price briefly drifted to a two-month low. The Stochastics on the four-hour chart…
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The euro currency is posting gains for the first time in four days. The rebound comes after the common currency touched down to a two-month low earlier on Thursday. However, the reversal came just a few pips away from the 1.1600…
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Shares in US banking firm JPMorgan Chase are trading almost 2% lower pre-market on Thursday. The bank’s stock price was under pressure this month despite a positive Q2 earnings release. Investors have been disheartened by news that the bank…
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Yesterday's Flash PMIs for September marginally disappointed analysts, lending credence to worries that there might be a slowing in the pace of the recovery. The figures also affirmed a trend among developed nations, with manufacturing…
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NZDCHF has seen a gradual ascension from the yearly lows witnessed in March. Prices have failed in an attempt to break out of the upper regression line, leading to a move to the median regression. Further weakness in the pair has seen a…
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Inventories Fall Again Crude oil prices came back under offer this week. This was despite the latest weekly update from the EIA showing a further drawdown in us crude stores. The Energy Information Administration report showed that in…
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