2021

Dollar Pulls Slightly After Yearly High The dollar ended slightly lower at the start of the trading week after its ascent to 3-week highs. The risk aversion mood remained unchanged despite positive results from the Chinese economy…
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The precious metal touched down below 1817 intraday to a one-month low. However, prices quickly reversed losses to rise above this technical support. For the moment, prices remain above the 1817 level and could see some upside. But only…
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WTI crude oil prices posted a rebound following the declines from last week. Prices got a boost early on Monday following stronger GDP numbers out of China. However, the current retracement remains somewhat subdued. Unless we see a…
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The British pound sterling extended declines but managed to post a reversal above the 1.3050 level of technical support. The rebound comes as prices fell through the 1.3611 level of support late last week. The declines open the way for…
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The euro currency posted a steady decline as price action reversed just a few pips of the 1.2050 level of support. The declines come on the back of a strengthening US dollar. Speculation that the new Treasury Secretary, Janet Yellen will…
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Last week’s highlights China exports rebound in December Exports from China continue to post a strong rebound in December. Official data released last Thursday showed that China's exports rose by 18.1% on a yearly basis. This was…
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Shares in Citi Group are flat ahead of the US open today following a heavy sell-off on Friday. Selling interest mounted late last week in response to the bank’s Q4 earnings. The bank reported better than expected earnings per share of…
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Tomorrow's release of the key ZEW economic sentiment survey for Germany could give us some market directionality. Daily new covid cases in Europe's largest economy have been on the decline since the holidays. They remain well above…
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The current EURUSD formation hints at a large bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. Currently, the market is forming a bearish correction (4) of wave ⑤ as an A-B-C zigzag. Minor sub-waves A and B have ended, and…
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AUDUSD Stays High as Risk Appetite Grows After reaching a 23-month high, the Australian dollar’s bullish run sees no signs of exhaustion yet. The Trump administration’s banning of Chinese companies temporarily lifted the Sino-US…
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