Traders reduced their open interest position in gold futures markets by just 597 contracts on Friday, in light of flash data from CME Group. In the same line, volume extended the downtrend for yet another session and shrunk by nearly 7K contracts. Gold stays limited by $1,850/oz Friday’s inconclusive price action in gold was amidst
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Bounced off the 200 hour MA earlier today The NZDUSD has corrected lower in trading today after trading to the highest price since April 2018 yesterday. The moved to the downside has taken the price below its 100 hour moving average (blue line in the chart above) and down to the 200 hour moving average (green line). The low
Beware: This was out earlier The Times earlier reported that Merkel and Macron “agreed to weaken EU demands for a so-called level playing field” citing a Brussels source. That headline just hit a newswire and caused a ripple in GBP that quickly faded (because it’s been out for an hour). Also note that the same
Oil prices jumped around 2% on Friday, heading for a fifth week of gains, as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand even though these fell short of expectations. Brent was up 93 cents, or 1.9%, at $49.64 a barrel by 0748 GMT after gaining
Given the strong hint in the October meeting, the ECB is prone to add monetary easing measures at Thursday’s meeting. We expect to see increase in the size of PEPP and adjustment of TLTRO. As the policy rates have been staying in the negative territory for years, it is unlikely to see further rate cut
SDI Productions | E+ | Getty Images A slew of recent studies underscore the difficulties many workers of color, including Hispanics, are facing as a result of Covid. The Latinx community finds itself over-represented in industries such as hospitality and construction, which suffered mightily at the hands of the pandemic. But there are also bright spots: Hispanic unemployment began
With just 44 days before Joe Biden’s inauguration as President of the United States, players in the crypto space are imploring Donald Trump to use his pardoning power for Silk Road founder Ross Ulbricht. In a recent tweet from Jason Williams, the Morgan Creek Digital Assets co-founder pleaded for Trump to “do the right thing”
5th straight weekly increase The WTI crude oil futures are settling at $46.26. That is up $0.62 or 1.36%. The gains this week were the 5th straight weekly increase. The high today reached $46.68. The low extended to $45.61. Technically, the high price extended above the 61.8% retracement of the 2020 trading range at $46.43,
WH Peter Navarro (mouthpiece form Pres. Trump) speaking on FOXBusiness. Pres. Elect Biden also speaking. WH Navarro on FoxBusiness is saying: Urges congressional stimulus deal need more unemployment benefits, payment checks need fiscal bridge until vaccines take hold about $1 trillion short of what Americans need for pandemic sees unemployment rate rising again need reboot on the
By Julian Lee A little over a week ago I wrote that oil producers need a mechanism allowing them to respond quickly to changes in the oil market that could be both big and fast. I’m pleased to see that’s what they’ve tried to create, even if it isn’t quite what I had in mind.
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 spirited season this year, as Americans staying closer to home due to the coronavirus pandemic
Major US equity bourses rallied into the close of US cash trade, each closing at record highs and SPX nearly surpassing 3700. A soft US labour market report was seen as boosting the chances of fiscal stimulus given, hence was taken as good news. President-elect Biden calls for stimulus and suggests any deal this year
Intraday Moving Average MACD 100% Profitable Trend Trading System Moving Average crossover strategy https://www.youtube.com/watch?v=GIOZ6toHQbs Telegram group https://t.me/joinchat/D52UhBWUV7HGVKcV0nd5dw Intraday Moving Average MACD 100% Profitable Trend Trading System Free Download https://forexpasha.blogspot.com/2020/12/intraday-moving-average-macd-100.html Average Convergence Divergence (MACD) is a fast moving indicator following a trend that shows the relationship between the two rising averages of the price of security.
Part 3 in the series “How To Buy And Sell” using Metatrader.
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Below trend line/38.2% retracement/swing highs from Tuesday and Wednesday The headline news that the EU/UK would not reach a deal today, has sent the GBPUSD now below the support defined by the: 38.2% at 1.3442 Swing highs from Tuesday and Wednesday at 1.34408 and An upward sloping trend line at 1.3441 The low reached 1.34242.
Weekly trade from Mitsubishi UFG Currency investors should consider buying AUD/USD, advises MUFG Research in its weekly FX pick. The suggest buying AUD/USD from 0.7435 with a target of 0.7675 and a stop at 0.7225. “We are recommending a long AUD/USD trade idea to further reflect our view that the USD remains vulnerable to further