2021

The precious metal was seen trading subdued albeit, trading flat. Price action managed to post intraday gains before giving them back. As a result, gold prices are back trading strongly near the 1850 handle. A close below this level…
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WTI crude oil prices continue to remain trading flat within the larger horizon. Price action gave back the short term gains made. For the moment, oil prices remain firmly entrenched within the 53.70 and 51.87 levels. With prices…
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The British pound sterling followed suit with many of its peers by paring losses from Tuesday. Price action posted a strong rebound, which coincides with the medium-term trend line. This rebound saw prices breaking past the 1.3700 handle…
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The euro currency pared losses from Monday as the US dollar weakened on Tuesday. Price action continues to remain to consolidate near the key resistance area of 1.2177 - 1.2144. Since Friday, the euro currency has been stuck in this…
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Shares in Bank of America have plummeted in response to a weaker than expected set of Q4 earnings. Both headline earnings and revenues undershot expectations. The report has put an end to the recent rally in BAC shares which saw the…
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A lot has changed in the US since the last time the FOMC sat down to discuss its monetary policy. The new year has brought with it a change in optimism and a reorientation regarding the country's outlook. But, macroeconomic data hasn't…
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GBPAUD saw a progressive downturn in fortunes at the back end of 2020. A move to the lower 1.74 region saw a sharp pullback before exhaustion saw another move again to the said level. However, a significant bullish divergence noted on…
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Greenback Lifted as Fed Meeting Looms The US index ended a muted session at the start of the trading week, as it bounced off the 90 psychological support mark. Investors continue to gauge President Biden’s plan to pump in $1.9 trillion…
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The precious metal is trading subdued with much of price action staying within the range from last Friday. As a result, price action is seen consolidating near the 1850 level of support multiple times. This consolidation could…
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