2020

The euro currency gave up the 1.1800 handle on Tuesday, but price action is still hovering close to this level. Overall, the 1.1700 handle now comes into the picture. Further declines could see the common currency pushing down to test…
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Belarus Opposition Leader Taken by Masked Men Reports of masked men taking opposition leader Maria Kolesnikova surfaced on Monday. Wires were quick to blame law enforcement in Minsk for the abduction. However, the local police were quicker…
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Shares in US multinational delivery firm FedEx are trading over 2% higher pre-market on Tuesday as the company’s stock price continues to extend recent gains. Indeed, FedEx gains over the last two months have materialized despite a poor set…
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September is seen as a pivotal month for the recovery as well as projections for the rest of the year. Summer officially comes to an end. Often, the trend seen in September is predictive of how things will be until Christmas (and how US…
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GBPCHF recently tested 1.2214 which was at the 50% Fibonacci retracement of the 1.3315-1.1113 leg. A descending channel currently sees prices pulling back towards the median regression. The top of the Ichimoku will be the next target…
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Jobs Report Bolsters Greenback, But For How Long? The US Index managed to close up 0.25% towards the 93 handle yesterday. However, demand for the greenback seems to be fading from the start of the week. After hitting a weekly peak last…
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The precious metal is trading flat for the second consecutive day. This comes as price approaches the 1911.50 support area. If gold prices lose the 1911.50 handle next, then we expect steeper declines. Below this level, the next main…
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Oil prices continued to push lower with price action down for four sessions consecutively. The decline accelerated following Saudi Arabia cutting oil prices. This has pushed the commodity down to the 38.83 level of support. If price…
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The British pound sterling was trading weaker on Monday. The declines came after PM Johnson rekindled Brexit talks, noting that the UK would leave the EU if no agreement was made by October end. The US dollar strength is also…
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