Oil And Gold Drifting In Thin Trade
Oil markets drifting ahead of year-end Oil markets continued to range trade overnight and this morning in Asia, preferring to wait for more directional input next week. That said, both Brent crude and WTI remain near the top of their...
US Dollar Grinds Lower
US dollar retreat continues The US dollar continued to beat a modest retreat overnight, weakening across the board versus G-10 and Asian currencies. The dollar index fell 0.38% to 90.00 and has fallen by 0.25% this morning to 89.76. Today’s...
USD/CAD Selling Signals
The US Dollar has declined by 57 pips or 0.44% against the Canadian Dollar since yesterday’s trading session. The currency pair breached the 200– hour simple moving average on Tuesday. Everything being equal, bears could continue to pressure the USD/CAD...
AUD/USD Bulls Could Prevail
The Australian Dollar has surged by 76 pips or 1.00% against the US Dollar since Tuesday’s trading session. The currency pair breached the weekly R1 at 0.7654 on Wednesday morning. All things being equal, the exchange rate could continue to...
GBP/NZD Is At The Crossroads
The GBP/NZD is at the crossroads and the price will move either to the upside or bounce lower below resistance. The POC zone is 1.8840-50 and we should see the price moving up as the price is still technically in...
Crude Oil: Rebound
Pivot (invalidation): 47.75 Our preference Long positions above 47.75 with targets at 48.60 & 48.95 in extension. Alternative scenario Below 47.75 look for further downside with 47.50 & 47.20 as targets. Comment The RSI is mixed with a bullish bias.
Silver Spot: Turning Up
Pivot (invalidation): 26.1100 Our preference Long positions above 26.1100 with targets at 26.7700 & 27.0000 in extension. Alternative scenario Below 26.1100 look for further downside with 25.9200 & 25.7400 as targets. Comment The RSI is bullish and calls for further...
Gold Spot: Turning Up
Pivot (invalidation): 1876.00 Our preference Long positions above 1876.00 with targets at 1894.00 & 1900.00 in extension. Alternative scenario Below 1876.00 look for further downside with 1869.00 & 1862.00 as targets. Comment The RSI is bullish and calls for further...
Europe’s digital banks got a ‘wake-up call’ in 2020. And consolidation could be coming
The icons for the Monzo and Starling Bank banking apps on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — In a year when online banking has taken off, you’d think it would be a golden opportunity for...
FTSE 100 Spikes On Brexit And US Stimulus Optimism
The FTSE 100 soared on the first day of trading after the UK and the European Union reached a Brexit deal on Thursday. The index rose by more than 2.70%, outperforming all other European bourses. Most companies in the index...
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