2020

The precious metal is trading weaker on Tuesday as US and China trade talks resumed. This boosted the risk-on sentiment, pushing the safe haven lower. Price action is now trading below the 19th August lower close of 1927. This…
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Oil prices are somewhat volatile and price action is up over 2% intraday. The gains come following oil output cuts due to the storm Laura which has been upgraded to a major hurricane. The supply cuts are pushing oil prices higher but…
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The British pound sterling ignored the weaker than forecast retail sales numbers. With the US dollar trading weaker, the Pound sterling is attempting to recoup the losses from earlier in the week. Price action is back near the…
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The euro currency is posting modest gains on Tuesday. The common currency was lifted following better than forecast data on the German business climate. Price action is, however, still making lower highs on the 4-hour chart time frame.…
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Lufthansa Confirms Huge Refund Operations Shares in German airline Lufthansa are trading a little under 2% higher pre-market on Tuesday. Shares are trading around 22% higher on the month so far. The rally comes despite the group…
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The financial situation in the world is expected to make a major turn sometime around October. That's when the "Western" vaccines are projected to complete their final trials and be approved for the market. Russia has already declared…
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FDA Announcement Improves Sentiment The US index closed above 93 for a second consecutive day. Investors were buoyed by the news that the US has authorized plasma coronavirus treatment. The FDA had concluded the treatment was safe after…
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XAUUSD hints at forming a primary impulse wave ⑤ which is part of impulse V of the cycle degree. The first three parts of the impulse pattern ⑤ are complete. At the time of writing, correction (4) of the intermediate degree is taking…
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USDMXN has witnessed a bearish move from its recent spike of almost $23 on Aug 04. The pair created a bullish move after hitting support at 21.82 which was at 78.6% of the Fibonacci retracement. Previous standard and hidden bullish…
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