Intraday Trading

UK 100 in pennant-shaped consolidation Recent sell-offs across global markets have barely scratched the FTSE 100, probably thanks to the advanced rollout of the vaccine campaign and fewer tech high-flyers as its components. The…
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USDJPY surges to 8-month high The buoyant US dollar is in sharp contrast to the safe-haven Japanese yen as markets expect 182k new jobs added in the US in February, a prelude to a steady recovery. After breaking above the bearish…
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EURAUD capped by falling channel Despite Australia’s soft retail sales number, the euro remains under technical pressure. The pair has been sliding within a bearish channel since last October and the eurozone’s retail reading today is…
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GER 30 recoups February losses Easing Treasury yields have put a floor on global stock markets for now. The DAX 30 is making another attempt at February’s high of 14180 after it broke through intermediate resistance levels of 13990 and…
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The euro is looking to make back the losses from earlier in the day. After prices fell to a two-day low, the euro quickly recovered from the declines. This coincides with the trend line and the horizontal support near 1.2177. A…
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Gold prices have bumped up higher on Monday's open. The gains come amid a modest risk-off sentiment in the market. Gold prices, alongside the US dollar, are currently gaining ground. The precious metal, having already firmly…
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Crude oil prices are trading weaker on Monday after prices rose past the 49.00 level on Friday. The declines in the commodity currently reflect the market sentiment. Also, the strong gains in oil prices over the past few weeks make it…
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The British pound sterling crashed through the 1.3500 level of support on Monday's opening. The declines pushed the sterling down to the previous support level of 1.3300. The move comes amid the ongoing Brexit talks which have once…
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The euro currency opened the day, with a lower gap from Friday's close. The declines come as the US dollar is strengthening in the early session of the trading day. News about a new strain of coronavirus is also pushing investors to a…
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Oil prices managed to make an impressive recovery with price action recovering nearly half of the declines set off in the previous two weeks. As a result, oil prices are now trading near the 41.00 level. There is, however, a strong…
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