Outside Reversals
Readers can relax; this is not another flying story. I am referring to the technical reversal pattern, which in the case of asset classes overnight, refers to financial instrument making a fresh high before closing below the low price traded...
British Pound Dips Despite Strong PMI
The British pound has started the new year with losses. Currently, GBP/USD is trading at 1.3608, down 0.30%. The month of December brought plenty of cheer to the pound, which gained 2.5% against the sagging dollar. There was plenty of...
Oil and Gold Start 2020 On Bright Note
Oil awaits OPEC+ A weaker US dollar and more vaccine approvals appear to have inspired oil prices to move higher in Asia, boosted by robust regional manufacturing PMI data. Brent crude has risen 1.15% to USD52.05 a barrel, and WTI...
Economic, Geopolitical, and Social Implications of a Biden Presidency
On January 20th, Joe Biden will become the 46th President of the United States. With that will come numerous economic, geopolitical and social policy changes that will be dramatically different than those of President Trump. Biden will look to expand...
The COVID-19 Vaccine and Market Implications
As the COVID-19 vaccine is released, life will revert to the “old normal”. However, that doesn’t necessarily mean it will be good for the markets! It has been over a year since the first cases of the COVID-19 were diagnosed...
The USD/JPY Appears to be Headed for 102.00
The US Dollar was bearish against all of its major pairs on Wednesday. On the US economic data front, Wholesale Inventories fell 0.1% on month in the November preliminary reading (+0.6% expected), compared to a revised +1.2% in the October...
Gold Higher on Weaker Dollar, Bitcoin Remains Hot
Is gold’s correction over? Gold’s bearish correction could be over now that prices are poised to have their first monthly gain since July. Gold has made modest gains as the dollar takes another dive, but vaccine progress globally has stymied...
Swiss Franc Rises on Strong Swiss KOF
The Swiss franc has taken a pause from this week’s rally. Currently, USD/CHF is trading at 0.8847, up 0.08% on the day. USD/CHF is in positive territory this week, and dipped to a low of 0.8815 earlier on Wednesday. This marked...
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...
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