Bitcoin is on the Move – is 30K Next?
Bitcoin has started the week in positive territory, with gains of 3.0%. Currently, bitcoin is trading at USD27,043. Bitcoin punches past USD 29,000 The enthusiasm for bitcoin continued on the weekend, as the crypto punched above the USD 29,000 for the...
Silver Regains Bullish Desire with Bounce off 100-day SMA
Silver gapped higher, spiking above the 26.56 resistance today, continuing the recent traction the commodity found off the 100-day simple moving average (SMA). The climbing 200-day SMA is defending the positive structure, while the flattening 100-day SMA, is endorsing waning...
Sterling Retreats after Failing Breakout, Dollar Recovers
Global stock markets are lifted by US fiscal stimulus as well as Brexit trade deal. S&P 500 and NASDAQ are set to extend recent record runs, as indicated by futures. Though, the movements in the forex markets are relatively subdued....
BoJ Members Question Policy
The Japanese yen is flat in the Monday session. Currently, USD/JPY is trading at 103.61, down 0.04% on the day. BOJ to conduct policy review The BoJ has indicated that it will review its stimulus programme, but it is unclear...
Oil Remains Above $51 Per Barrel
Despite falling slowly, the oil price remains quite high on Monday, December 28th. Brent is trading at $51.16 – investors are back to the market after a Christmas break and fully prepared to respond to the external background. On one...
US Treasury yields rise after Trump signs Covid relief bill
U.S. bond prices fell on Monday morning after President Donald Trump signed a $900 billion Covid-19 relief bill into law. The yield, which has an inverse relationship to the price, on the 10-year Treasury note rose to 0.9514%. While on...
Dollar Softens after Trump Signed Pandemic Relief Bill, Sterling Mildly High on Brexit Trade Deal
Dollar, Yen and Swiss Franc are the relatively weaker ones in quiet markets today. Asian investors are lifted slightly after US President Donald Trump signed the massive USD 2.3T package that contains a USD 900B pandemic relief, while also averted...
EUR/USD Approaching Next Major Break, 1.2150 Holds The Key
Key Highlights EUR/USD started a downside correction from the 1.2260 resistance. A crucial contracting triangle is forming with resistance near 1.2205 on the 4-hours chart. GBP/USD could attempt an upside break above 1.3620 and 1.3650. Gold price is consolidating below...