Pandemic-induced options trading craze shows no signs of slowing down
Traders work on the floor of the NYSE in New York. NYSE Options trading is the new sports betting. Talk about unintended consequences. The stay-at-home requirement created by Covid-19 has spawned a huge sub-industry in options trading in tandem with...
XAU/USD Tests 1,845.00
Since Thursday, the XAU/USD exchange rate has been testing the 1,845.00 level. It is likely that yellow metal could gain support from the 55-hour moving average near 1,832.00 and extend gains against the US Dollar in the short term. Note...
USD/JPY Might Reverse South
On Thursday, the USD/JPY currency pair dropped to the 103.80 level. During today’s morning, the pair reversed north. It is likely that the exchange rate could face the resistance formed by the 55-, 100– and 200-hour SMAs, as well the...
GBP/USD Could Go Upwards
Yesterday, the GBP/USD exchange rate raised to the psychological level at 1.3500. It is likely that the currency pair could gain support from the 55-, 100– and 200-hour SMAs in the 1.3370/1.3410 range and trade upwards in the short term....
EUR/USD Tests 1.2170 Mark
Since the second half of Thursday, the EUR/USD currency pair has been testing the 1.2170 mark. If the predetermined level holds, it is likely that a reversal south could occur, and the exchange rate could decline to the support area...
GBP/USD: The Bias Remains Bullish
Pivot (invalidation): 1.3420 Our preference Long positions above 1.3420 with targets at 1.3500 & 1.3530 in extension. Alternative scenario Below 1.3420 look for further downside with 1.3395 & 1.3370 as targets. Comment The RSI lacks downward momentum.
All About The Base – AUDUSD
In many ways this week has provided a perfect storm for the AUDUSD to mount an upside challenge. Volatility has remained subdued as global equities spent the past week consolidating the strong gains of early November. The U.S. dollar as...
Canadian Dollar Follows Oil Higher, Dollar Looks Forward to NFP
Canadian Dollar is trading generally higher in Asian session, with support from upside break out in oil prices. But Aussie and Kiwi are soft. Dollar is taking a breather in Asian session after yesterday’s selloff, as focus turns to non-farm...
Christmas tree sales are telling a holly, jolly economic story
John Williams, left, and his dad Terry, right, both of Salem, carry a large Christmas Tree out of the field together at Tucker Tree Farm in Salem, Oregon, November 29, 2020. Alisha Jucevic | Reuters Tree retailers are having a...
Since Congress can’t agree on a stimulus bill, states and cities are providing relief
Michelle Lujan Grisham, the governor of New Mexico Toya Sarno Jordan | Getty Images News | Getty Images Some states and cities are forging ahead to provide relief to residents financially scarred by the Covid crisis, as negotiations for a...
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