2021

The start of March posed some difficulties for crude prices, as they paired back some of the gains from the long run in February. Of course, that might just be profit-taking, as the run-up has been pretty long. Or there might be an…
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The formation of the AUDUSD currency pair shows a clear completion of correction wave b. The cycle wave b is a bullish triple zigzag of the primary degree. The end of the intermediate impulse (C), which completed the primary wave Ⓩ,…
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USDCAD awaits GDP catalyst Canada’s GDP figure could dictate the loonie’s short-term direction as the pair just bounced off the eleven-month long bearish trendline. A solid reading could keep the US dollar subdued as the RSI cools…
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Selling Stake in Chinese Dairy Firm Shares in French food group Danone are trading higher ahead of the market open as traders digest news that the company has initiated proceedings to sell its stake in Chinese dairy firm Mengniu Dairy…
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Australia has been riding the recent commodities boom. And if a supercycle does develop, it could be in for some substantial growth. But, there is a particular challenge that they have to overcome in the short term, which might put it…
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On the 1H timeframe for gold, we see the formation of a major correction (4) of the intermediate degree. This is a bearish triple zigzag consisting of five minor sub-waves W-X-Y-X-Z. The correction itself (4) is part of the global bullish…
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USDCAD rebounds as US recovery in sight The market did not take the Fed’s pledge to keep the monetary policy loose at face value but instead started to price in future inflation. The turn in investor sentiment has sent ripples…
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EURUSD may give up February gains The greenback’s safe-haven status and the economic recovery are working in tandem to lift the dollar back from the abyss. Friday’s bearish MA cross after an overbought RSI indication was a warning…
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EURCHF(EURCHF): L’Euro Domina Il Franco Svizzero S2: 1.0911     S1: 1.0939     R1: 1.1011     R2: 1.1055   La scorsa settimana il cambio EURCHF è salito fino a 1.11, formando un massimo di periodo per poi consolidare con…
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The U.S. dollar posted a rebound amid the bond markets turning frothy. As yields rose in the U.S. treasury markets, the dollar also managed to catch a bid. This comes as bond investors and the Fed are in a tug of war amid rising yields. The…
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