Gold woke up on the wrong side of the bed following the weekend but is managing to hold up for the time being Precious metals are among the notable movers today with gold having witnessed a drop to near $1,804 to start the day before rebounding by $36 to $1,840 at the start of European
admin
The vote was 321-259 There’s always a political crisis in Italy right around the corner, but not today. I don’t think the latest drama has had much of an effect on the euro but keep an eye on Italian bonds this week. For bank trade ideas, check out eFX Plus
Grayscale Investments, the world’s largest digital-asset manager, could hold the key to Bitcoin’s (BTC) short-term price outlook, according to JPMorgan Chase. As Bloomberg reports, strategists led by Nikolas Panigirtzoglou believe Bitcoin could lose its luster over the short-term unless it can “break out” above $40,000. The flagship cryptocurrency breached that key level on two occasions
Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China’s economy. Brent crude was down 16 cents, or 0.3%, at $54.94 per barrel at 1445 GMT, and West Texas Intermediate U.S. crude
Commodity currencies remain generally weak today on mixed market sentiments. On the other hand, Yen, Swiss Franc and Dollar are the strongest. Euro remains soft too, but recovery in crosses, in particular against Sterling, is limiting its downside for the moment. Gold also stabilizes back in prior range after initial selloff. With US markets on
The EUR/USD pair has extended its slump to 1.2053 and trades nearby, with majors moving in slow motion amid a US holiday. According to FXStreet’s Chief Analyst Valeria Bednarik bears will try challenging the 1.2000 level. See – EUR/USD seen at 1.16 on a 12-month view – Danske Bank Key quotes “Speculative interest is still digesting the
VIP EAP Mentorship Program – https://eaptrainingprogram.com/video-sales-page Pro Trader Report – https://protraderreport.com/ptr Free Spreadsheet – FREE course 3 – Part Reversal Series – https://goo.gl/QKaxzV JOIN: “Advanced Pattern Mastery Course” Waiting List-https://advancedpatternmasterycourse.com/overview ———————————– Full Strategy Videos – Double Top/Bottom Entry Video – https://youtu.be/6rqfqC79DTY 5 – Wick Rejection Entry Video – https://youtu.be/J1JmNaqLzNM CONNECT WITH STEVEN ON SOCIAL MEDIA:
XAUUSD FOREX TRADING STRATEGY – INSANE $28K+ DAY (EXPLAINED) Watch to see Adam break down this HUGE $28K+ Gold trading day! Inside this video you’ll also discover: – Adam’s XAUUSD scalping strategy – The proper way to do XAUUSD analysis – How to trade XAUUSD the right way – A statistically significant edge on how
Major indices lower on the week as well The major European indices are closing the week with sharp declines of over 1%. For the week, today’s price action has also increased the declines with the FTSE 100 and Spain’s Ibex the biggest decliners. The provisional closes are showing: German DAX, -1.4% France’s CAC, -1.2% UK’s
Comments by UK vaccine deployment minister, Nadhim Zahawi Vaccine rollout is going well We are vaccinating 140 people per minute on average Letters are going out to those over 70s today For bank trade ideas, check out eFX Plus That’s some encouraging news but we’ll see how things go in the coming weeks/months to be
NEW DELHI: Gold futures prices in the domestic market continued to slide in the morning trade for another day on Monday as a stronger US dollar made bullion expensive for other currency holders, despite expectations of a large Covid-19 relief package in the United States. US President-elect Joe Biden said on Friday that he wants
Dollar opens the week generally higher, as supported by comments from former Fed chair Janet Yellen. Though, at this point, Yen mildly stronger while Swiss Franc is also firm. The triple argues that there is some underlying cautiousness in investor sentiments, despite solid Q4 China data. That’s also reflected in the general weakness in commodity
In recent trade today, the People’s Bank of China (PBOC) set the yuan mid-point against the dollar at 6.4845 vs the last close of 6.4817. About the fix China maintains strict control of the yuan’s rate on the mainland, the current known as CNY which differs from its offshore yuan, or CNH, which not as tightly controlled as
Support at 0.88603 to 0.8878. Low in EURUSD moved to 0.88649 today. The EURGBP bounced off key support for the 2nd consecutive day. Looking at the daily chart, the 0.88603 to 0.8878 area is home to a number of swing levels going back to April 2020. Yesterday, the low price reached 0.88688 and bounced. Today the low price reached 0.88649 and
What the turn lower in UK cases means The UK reported 38,598 new coronavirus cases on Sunday, which is the lowest since December 27 and the clearest sign yet that the UK has gotten the upper hand on the worrisome variant that caused the latest round of lockdowns. It’s a sign that either the variant
Bitcoin (BTC) price has yet to recapture the $40,000 level and traders who were expecting a quick resumption of the uptrend may have been caught off guard by the recent pullback. This could have led to the liquidation of about $500 million worth of cryptocurrency futures positions in the past 24 hours. Over leveraged positions
BOC is widely expected to leave its overnight rate at the effective lower bound of 0.25% in January. The size of asset purchases will also stay unchanged at CAD4B/week. Over the past month, there has been market speculations about the possibility of a micro rate cut since November. While such a move is unlikely at