2020

The euro currency continued its bullish momentum after the ECB held its monetary policy meeting. With no new stimulus and the ECB not caring much about the exchange rate, the euro brushed higher. Prices briefly tested the 1.1900…
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Shares in US multinational computer technology company Oracle are trading over 3% higher pre-market on Thursday. Shares have recovered firmly off the $40 yearly lows seen during the height of the pandemic in March. They are now trading…
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It's no surprise that politics has an impact on inflation expectations. But the political wrangling in Washington right now might have almost direct consequences in consumer prices. The economic debate raging now is if, and how much,…
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GBPUSD hints at a cycle wave e consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. With waves Ⓦ-Ⓧ-Ⓨ-Ⓧ complete, we could now expect wave Ⓩ to conclude the triple combination. We recently saw the end of the intermediate correction (4). Prices…
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USDPLN has seen sustained support from the 2008 low of $2. The long-term outlook has witnessed two previous tests at a break to the downside; at $3.30 and $3.65. A bullish divergence on the momentum indicator has seen prices bounce from …
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Dollar and Euro Await ECB Meeting The risk aversion that boosted the Greenback over the past week took a step back on Wednesday. The attempted push towards the 94 area faltered as it closed 0.32% lower. Dollar bulls took a breather…
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The precious metal is making some positive gains after prices closed flat for three consecutive sessions. The dollar weakness is also helping the commodity to post the gains. Earlier in the week, gold prices were trading close to the…
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Oil prices are showing signs of life with price action up over 2% intraday on Wednesday. This comes after the commodity fell sharply on Tuesday to a three-month low. WTI crude oil reversed direction after hitting 36.50. With prices…
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The British pound sterling is on a rebound after price lost the 1.3000 handle late on Tuesday. With the dollar trading softer, this has helped the pound sterling to recover some of the losses. However, it will be interesting to see…
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