2021

The euro currency finally broke past the resistance area of 1.2177 - 1.2144. The breakout pushed the common currency to a three-month high on an intraday basis. The gains come as the US dollar failed to maintain its reversal on…
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SG Rally Continues Shares in French bank Societe Generale have been on a firm rally recently. The company’s stock price has rallied more than 37% off the year-to-date mid 15 lows to current highs around the 21 level. Sentiment towards the…
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The dollar has been trending to the downside, particularly since the new covid vaccines have been announced. As the economy recovers, one typically does expect safe havens like the US dollar to depreciate a bit. But there are several…
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AUDNZD has been drawn into a choppy market after plummeting over 600 pips in the second half of 2020. Since then, two separate attempts to shift the dynamic to the upside have failed. We now see prices trading firmly within the Ichimoku…
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Crude Higher As Risk Appetite Recovers Crude oil prices have been sharply higher again this week. The market extended recent gains by a further 8%. The upside move derived further support from the rebound in risk appetite as equities…
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Greenback Index Flirts With 90 The dollar strength faded throughout Wednesday’s session. After initially spiking to weekly highs, it eventually closed 0.10% down. This comes despite new home sales rising more than expected in January,…
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The precious metal is failing to capitalize on the support level it established near the 1764 handle. Prices are falling for the second day, albeit the pace of declines is limited in comparison. To the upside, the reversal comes just a…
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Oil prices managed to shrug off the uncertainty of the past few days with price action once again surging. On an intraday basis, spot crude oil prices rose over 3% in what is likely to be a strong recovery. The gains come after oil…
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The British pound sterling rose to a fresh three-year high at 1.4140. But prices were rejected intraday with the currency pair likely to close bearish or flat. Given that this pattern comes near the top end of the rally, it could…
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