2021

The dollar index slid 0.25% lower yesterday as the 45th President exited the White House. Investors now look ahead to financial spending worth trillions of dollars. Joe Biden already unveiled a $1.9 trillion stimulus package that he…
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The precious metal is trading subdued, unmoved by the weaker US dollar. As a result, prices remain rangebound within the 1850 and 1818 levels for the moment. The stochastics oscillator also remains rather flat suggesting the sideways…
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WTI crude oil prices are posting a strong recovery with price action attempting to retest the previously formed highs. However, the reversal looks to be a bit fragile at the moment. As a result, if prices fail to break out above the…
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The British pound sterling continues its strong reversal price action as prices our trading currently above the 1.3611 level. This was the low from the double top pattern that had formed previously. If we see a strong close above 1.3611,…
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The euro currency is posting a strong retracement following the decline close to the 1.2050 level of technical support. The current rebound has pushed price action to test a minor support level near 1.2144. With the stochastics…
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Shares in JP Morgan are trading a little higher pre-market on Tuesday. The bank’s shares have been on a firm rally over recent months with price surging higher off the 91 level lows recorded in September 2020 to recent highs above the 141…
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After the start of the year adjustment in the markets, risk sentiment has taken a bit of a hit lately. Stock markets are underperforming, and the dollar is getting stronger. Generally, this is attributed to worries about potential delays…
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CADCHF has been trading in a slight ascending channel for the last 6-months. After moving away from the lover channel at the start of the year, prices are once again testing the mean. Should prices bypass the mean and move higher, this…
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