Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
Currencies were trading lower this past Friday on fading hopes for both the weekend meeting related to Brexit and Congress breaking session for the holidays ahead of any stimulus deals in the US. For most of this year, investors have traded on the speculation that the British leadership would give in and agree to an … Continue reading “USD/CAD weakens for lack of stimulus agreement”
Read MoreThe AUD/USD is jumping to new all-time highs alongside the stock markets. Budding optimism over discovery of a viable vaccine to combat the pandemic spurring global growth and a rebound in business activity post-pandemic is helping fuel demand for global growth-linked assets and currencies, like the Australian, Canadian, and New Zealand Dollars. Each of the … Continue reading “AUD/USD remains bullish into the holidays”
Read MoreCopper prices are flat amid low volumes and as Chinese demand gradually slows down. Three-month copper on the LME was up 0.1% at $7,680 a ton and Comex copper as of this writing was trading at 3.4975 just shy of 3.500. Stock piling by Chinese producers certainly has helped drive the price to the highest … Continue reading “The copper and silver trade ideas which still have legs”
Read MoreAlmost a quarter has elapsed from the ECB leadership laid a benchmark for the EUR/USD at 1.20 signaling that the European central bank does not want to see the pair above that level for fear it would damage the Eurozone’s economic recovery. Since then, the spot EUR/USD has fallen as far as 1.1603 but for … Continue reading “EUR/USD trade idea for the overnight session”
Read MoreBoth Gold and Silver have been trading short on a short extension. It is quite unusual as prices for instruments especially precious metals, usually go higher in Fibonacci long extensions but never fall in Fib short extensions. The short extensions for both instruments with the erratic moves in the greenback however, have been trading relatively … Continue reading “Gold & Silver on another leg lower”
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