Forex

Dollar Gains Some Traction The dollar index closed 0.10% higher on Thursday after initially flirting with the 90 handle in early session trading. Jobless numbers told a positive story for America, as the figure dropped by 111K to 730K,…

The British pound sterling is giving back the gains from Wednesday. The declines come as the cable rose to a new three and half year high earlier this week. The current declines come as investors head into the weekend with the drop…

The euro currency finally broke past the resistance area of 1.2177 - 1.2144. The breakout pushed the common currency to a three-month high on an intraday basis. The gains come as the US dollar failed to maintain its reversal on…

The dollar has been trending to the downside, particularly since the new covid vaccines have been announced. As the economy recovers, one typically does expect safe havens like the US dollar to depreciate a bit. But there are several…

AUDNZD has been drawn into a choppy market after plummeting over 600 pips in the second half of 2020. Since then, two separate attempts to shift the dynamic to the upside have failed. We now see prices trading firmly within the Ichimoku…

Crude Higher As Risk Appetite Recovers Crude oil prices have been sharply higher again this week. The market extended recent gains by a further 8%. The upside move derived further support from the rebound in risk appetite as equities…

Greenback Index Flirts With 90 The dollar strength faded throughout Wednesday’s session. After initially spiking to weekly highs, it eventually closed 0.10% down. This comes despite new home sales rising more than expected in January,…

The British pound sterling rose to a fresh three-year high at 1.4140. But prices were rejected intraday with the currency pair likely to close bearish or flat. Given that this pattern comes near the top end of the rally, it could…

The euro currency is trading rather mixed, a day after prices almost closed flat on Tuesday. Overall, the long-term trendline on the daily chart is supportive of prices. Therefore, we could see price action attempt to push higher. The…

Elon Musk was effectively ejected from the throne of the world’s richest person. This comes after Tesla’s recent slide in the electric carmaker's shares. The company has suffered steep falls this week, tied to the firm's recent $1.5bn…