Forex

Last month's NFP results beat expectations across the board. By then we were already seeing reports of increased covid cases, and some areas had already announced new lockdown measures. But that didn't stop employer optimism. On top of… Read More

Dollar Freefall Continues The US index accelerated its decline yesterday, closing 0.24% lower towards the 90 handle. Currencies that comprise the dollar index such as the euro, Swiss franc, and sterling have reached multi-year highs,… Read More

The British pound sterling was giving back the gains as price action fell on Brexit related news. The declines coincide with the 1.3300 level where support is currently holding. As long as this level holds, GBPUSD could remain biased to… Read More

The euro currency continues to power on as price touched a new high of 1.2100 intraday on Wednesday. The gains come as the US dollar continues to soften on speculation of a new stimulus bill from Congress. For the moment, price action… Read More

The non-manufacturing component of the ISM survey has taken on a starring role as traders try to understand how much of an effect covid is having on the economy. Particularly the autumn readings. The hope is that the second wave of covid… Read More

The current XAUUSD formation hints to a strong bullish impulse. We now see the development of the final impulse wave V, which consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). The intermediate correction wave (4) which is a… Read More

EURCAD has been trading in a slight downtrend from its second yearly highest peak in August. Since then, several attempts to move to fresh highs have been met with resistance. We now look to another possible attempt, as prices break away… Read More

No End in Sight for Dollar Freefall The US index fell 0.78% lower on Tuesday as it traded at its lowest level since April 2018. Traders continued the sell-off amongst the dollar as risk aversion came into play. Yesterday, a bipartisan… Read More

The British pound sterling is posting strong gains on the back of a weaker dollar. After price action consolidated above the 1.3300 level, the cable is attempting to push higher. For the moment, prices are stuck near the trend line. As… Read More

The euro currency is posting strong gains, rising over one percent on the day. The gains largely on the back of a weakening US dollar. Earlier on Monday, the euro gave back the gains after testing the 1.2000 level. However, this decline… Read More