March 8, 2021 10:07 am
Having touched a three-week trough on Friday due to a broadly stronger dollar, GBP/USD traded mostly stable above 1.3800 during the European session on Monday, as the latest CFTC futures data showed Pound speculators had been the most bullish in three years. Against a basket of six major peers, the US Dollar continued to gain […]
Read moreMarch 3, 2021 9:30 pm
The price chart for cryptocurrency ethereum displays bullish patterns despite the recent correction. Ethereum’s Price Chart Framed with Price Channels Going back to 2019, ethereum price has (for the most part) been contained within parallel price channels. Looking at the chart below, we can see price following the downward sloping price channel from June 2019 […]
Read moreMarch 2, 2021 10:01 am
AUD/USD retreated on Tuesday after the Reserve Bank of Australia (RBA) once again pledged to continue bond purchases and reassured that accelerated growth would not lead to an early policy tightening. The RBA also left its official cash rate without change at a record low level of 0.10% at its policy meeting on Tuesday, in […]
Read moreMarch 1, 2021 10:24 am
After a sharp retreat against the US Dollar at the end of last week due to an aggressive sell-off in global bond markets, the Sterling and other risk-sensitive currencies stabilized during Monday’s European session, recouping a portion of losses. Bond sell-off reflected a bet by investors that central banks across the globe will have to […]
Read moreFebruary 25, 2021 9:38 pm
Bitcoin’s price performance has started off the year with a bang and the price charts still look long-term bullish. At the time of this writing, Bitcoin’s YTD performance against the USD shows a 71% increase. As we approach the final days of February, it is shaping up to be a solid month too with a […]
Read moreFebruary 23, 2021 10:21 am
AUD/USD traded in proximity to fresh three-year highs on Tuesday, underpinned by the recent surge in commodity prices. Higher prices for a range of materials, including oil, copper, lumber and milk powder, have provided support to commodity currencies such as the Aussie and the kiwi dollars. Yesterday the price of copper surged above $9,000 per […]
Read moreFebruary 22, 2021 10:12 am
GBP/USD hit a fresh 34-month high in early European trade on Monday, as the Sterling firmed further due to UK’s relative success in COVID-19 vaccination roll-out, which is expected to pull the economy out of the pandemic-induced recession. Ebbing concerns that the Bank of England could bring interest rates below zero has been another factor […]
Read moreFebruary 16, 2021 10:36 am
AUD/USD extended gains from the previous three trading days on Tuesday, while touching a fresh one-month high, as it benefited from a surge in oil prices and optimism over a global economic recovery. The Aussie dollar, along with other commodity currencies, tracked higher oil prices after a cold front triggered a shutdown of wells and […]
Read moreFebruary 15, 2021 10:08 am
GBP/USD rose to a fresh 34-month high on Monday, as market players doubted whether US recovery from the pandemic-induced shock would be as fast as anticipated, which pressured the US Dollar. The Sterling has also drawn support from the success of the UK government’s vaccination program. Reports emerged that the government had achieved its objective […]
Read moreFebruary 9, 2021 10:11 am
AUD/USD, a liquid proxy for risk, extended gains from the previous two trading days on Tuesday, while touching a fresh two-week high, supported by improved market sentiment and upbeat Australian macro data. National Australia Bank’s gauge of business confidence, reported earlier Tuesday, climbed to a reading of 10 in January from a revised up value […]
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