2021

The precious metal is posting strong gains, rising for three consecutive days. Despite the gains, prices are below the 1850 level of resistance. In the near term, we might expect prices to move sideways within the 1850 and 1817.80 level.…
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WTI crude oil prices are pushing lower following a six-day winning streak. Price action rose to a 13-month high prior to the pullback. But for the moment, the declines are likely supported near the 57.35 level of support. If price action…
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The British pound sterling continues to push higher with price action rising to a new three and a half year high. The gains come as the GBPUSD moves closer to the 1.3777 level. Given that this level has served as support in the past, we…
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The euro currency snapped strongly above the 1.2050 level, but price action formed a lower high. The hidden bearish divergence on the chart could, however, see prices pushing lower. To the downside, the euro currency is forecast to…
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Earnings Beat Shares in Microsoft are trading a little lower ahead of the US open on Tuesday. Following the recent breakout from 2021 lows, the company’s stock price has rallied from around the 216 level to recent highs of 245. Price is…
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With demand still under pressure in the middle of a pandemic, it might seem odd to talk about inflation. Especially with jobs growth stagnating, as we saw with last Friday's NFP report. But this is the scenario that an increasing number of…
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AUDJPY price action was trading in an ascending channel for the last few months of 2020. The bullish intent was met with exhaustion after the long-term bearish divergence finally saw prices move lower. Since then, a long period of…
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Dollar Continues the Sell-Off The US index fell 0.11% lower on Monday, falling through the 91 level. As a second economic stimulus package draws closer, sentiment could shift further as this would create more debt and likely weaken the…
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