2020

The precious metal rose intraday to briefly tested the resistance level near 1967.13. However, price action was quickly rejected, pushing gold prices lower as a result. For the moment, price action is still trading well above the…
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WTI crude oil prices are trading weaker on Thursday. This comes right after the commodity posted gains the day before. Oil prices initially rose after the storm was nearing the Gulf of Mexico, forcing oil producers to shut down…
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The British pound sterling is trading weaker amid broad dollar strength. Price action was confined to the range between the 1.3300 and 1.3122 levels over the past few sessions. However, the current pace of declines seems to be limited…
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The euro currency rose briefly to test the 1.1900 technical resistance, but price was rejected quickly. This led to the downside opening up as EURUSD is pushing lower. For now, the bias continues to remain mixed as the common currency…
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Fresh Starliner Mission Planned US airliner Boeing, the largest global aerospace manufacturer, announced this week that it is aiming to redo its unmanned Starliner crew capsule flight test to the International Space Station. Depending on…
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Like Germany, we expect French final Q2 GDP numbers to reaffirm the preliminary ones. And they'll probably have a minimal impact on the market. But, also like Germany, there is an increased chance this time around that we will have a…
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NZDCAD climbed to yearly highs in July before hitting resistance at the upper regression channel at 0.9010. The pair had been on an uptrend since a pullback in March when the pandemic took effect. The higher lows recorded since suggest a…
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Positive US Data Ahead of Jackson Hole Summit  The US index weakened during Wednesday’s trading closing just below 93. Durable goods orders rose by 11.2% to $230 billion in July. This was an improvement on the revised June orders of $207…
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Crude Inventories Fall Again Crude oil has seen a fresh break higher this week. The market found all new upward momentum in response to the latest data from the Energy Information Administration. The EIA reported that in the week ending…
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