The Dollar Continues To Decline Amid Rising Shares. The British Conservative Part Has Supported The Brexit Agreement
Stock markets continue to grow amid approval of the Covid-19 vaccine developed by AstraZeneca and the University of Oxford. This move will help the UK to increase vaccinations from Monday next week. Another positive news is the support for British...
USD Continues To Weaken Despite Delay In Stimulus
The USD continued to weaken yesterday, with a number of major currency pairs not seeing such a weak dollar for the past two and a half years. Greenbacks’ bears largely ignored a number of worrying signs, as safe-haven demand seemed...
USD/JPY Pair Broke The 103.50 Support Zone To Move Into A Bearish Zone
The US Dollar started a fresh decline from well above the 103.80 zone against the Japanese Yen. The USD/JPY pair broke the 103.50 support zone to move into a bearish zone. The pair even settled below the 103.40 level and...
Markets Drift Higher As EU Prepares To Ratify Post-Brexit Trade Deal Later Today
Notes/Observations UK parliament expected to approve Brexit deal today Markets trade marginally higher despite increase in covid cases across the region Reportedly progress continues on EU-China investment deal; potentially an agreement could be announced later today. Reminder that the deadline...
Gold In A Narrow Trading Range After Senate’s Stimulus Vote Delay
Gold is in a tight range around the 1,880 level in the four-hour chart, stubbornly refusing to dip inside the Ichimoku cloud and below the tough ascending trendline, which has been strictly supporting the market since the end of November....
BTCUSD Strong Pullback
Bitcoin has staged a strong technical pullback after the number one cryptocurrency hit a new all-time high, around the $28,600 level, earlier this morning. Technical analysis shows that the $30,000 level is the main resistance area to watch above $28,600....
EURUSD Heavy Rejection
The euro currency has reversed sharply lower against the US dollar after hitting a new yearly high, around the 1.2290 level, during the European session. Technical analysis highlights that an extremely large bearish reversal pattern will form if the current...
NZDUSD Exhibits Sturdy Bullish Bias, Upside Pressure Persists
NZDUSD is in the process of pushing past the fresh 32-month peak of 0.7171 after having recently found some traction off the blue Kijun-sen line. All the simple moving averages (SMAs) are defending the positive structure, while the bullish Ichimoku...
USDJPY Gets Another Rejection From 20-Day SMA, 103.00 Back In Focus
USDJPY is set for another battle around the 103.00 supportive area, which it failed to successfully breach two weeks ago, despite slipping to a new eight-month low of 102.86. The latest bearish correction follows another rejection near the 20-day simple...
Dollar Can’t Get Off The Floor As Focus Turns To Georgia
Dollar hits fresh lows, stocks near record highs despite US Senate blocking $2000 checks Thin liquidity, or markets calculating what this implies for Georgia runoffs? Elsewhere, most assets are in a cheerful mood, but quiet overall 2020 was all about...
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