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Rally Fizzles Out On Day One

Markets face a few tests this week A positive start to the year fizzled out during the US session on the first trading day of 2021, as near-term risks mounted after a strong end to 2020. Perhaps it was just relief that 2020 is finally behind us, or investors reaping the rewards of a multitude of pos

Profit by Following

122.94 USD
  • Symbol EUR/USD
  • Trading Account #2 230759366
  • Broker FBS
  • Open/Close price 1.22565/1.22722
  • Volume Buy 3 Flots
  • Profit 471.00 USD

Skewed sentiment likely to prove a major driver of Gold

Markets are open and enthusiastic traders are returning from their Christmas holidays in a good mood, which is poised to affect gold's slumber from the last couple of weeks. The precious commodity, as was anticipated, was mostly trading in a narrow range over set period owing to the low levels of ma

Profit by Following

126 USD
  • Symbol EUR/USD
  • Trading Account #2 220435171
  • Broker FBS
  • Open/Close price 1.23046/1.22748
  • Volume Sell 6.63 Flots
  • Profit 1,975.74 USD

Currency Pair of the Week: USD/CAD

The US Dollar has been in a freefall since the coronavirus pandemic began in March 2020. Two rounds of fiscal stimulus and an abundance of monetary stimulus have kept the printing machines rolling as the new supply is suppressing the value of the US Dollar. On January 5th, as discussed in the Week A

ECB's de Cos: Yield curve control is an option worth exploring

European Central Bank (ECB) Governing Council member Pablo Hernandez de Cos argued that the yield curve could be a viable option as a policy strategy, as reported by Reuters. "I think yield curve control is an option worth exploring," de Cos told Central Banking. "The experience of these central ban

Asian currencies to enjoy considerable gains in 2021 – MUFG

The US dollar has continued to weaken at the start of the New Year with weakness most evident against Asian currencies. USD/CNY has fallen back below the 6.5000 level for the first time since June 2018 as the pair moves closer to the lows put in place earlier that year at just below the 6.2500 level

Tesla 2020 Vehicle Deliveries Top Estimates, But Shy of Elon Musk’s Target

California-based electric vehicle and clean energy company Tesla Inc said on Saturday it delivered higher-than-expected 499,550 vehicles in 2020 but fall short of CEO Elon Musk’s target of 500,000. The manufacturer of high-performance electric vehicles beats the market consensus of 481,261 vehicles

Soybean weekly forecast

This/Next Week Forecast (January 4 – 8, 2021) Uptrend scenario The uptrend may be expected to continue, while market is trading above support level 1265, which will be followed by reaching resistance level 1380. Downtrend scenario An downtrend will start as soon, as the market drops below support le

Bitcoin Price Inches Closer to $30,000 after Proving Warren Buffett Wrong

Photo: Getty Images / Alex Wong Bitcoin, the world’s largest cryptocurrency reached a total market cap of $540 billion yesterday as the BTC price maintained its bullish momentum to reach $29,000. Bitcoin is now more valuable than Warren Buffet’s multinational conglomerate holding company Berkshire H

Equity markets in HK and Shanghai rise amid multiple holidays in Asia

Asia Market Update: Equity markets in HK and Shanghai rise amid multiple holidays in Asia; Little initial impact seen from weaker China PMIs; Modest USD volatility seen into year-end. General Trend - Shanghai Composite traded broadly higher during the morning session; Consumer Discretionary, Financi

Dollar on borrowed time as U.S. twin deficits balloon

SYDNEY (Reuters) - The dollar was ending 2020 in a downward spiral on Thursday with investors wagering a global economic recovery will suck money into riskier assets even as the U.S. has to borrow ever more to fund its swelling twin deficits. The euro stood at $1.2291, having hit its highest since A

Crude Oil Price Update – A Close Under $47.80 Will Indicate Sellers Are Taking Control

U.S. West Texas Intermediate crude oil futures are edging higher shortly before the close on Wednesday after a government report showed crude inventories fell by 6.1 million barrels in the week-ending December 25, exceeding analysts’ expectations in a Reuters poll for a 2.6 million-barrel drop, as c

USD/BRL Forecast: January 2021

After touching a low of nearly 5.0000 on the 15th of December, the USD/BRL has incrementally trended higher as December gets ready to come to a close. Before the upward trend developed, however, the USD/BRL did enjoy a solid bearish run lower which started at the end of October. A high of nearly 5.8

EUR/GBP back below 21DMA and 0.9050 mark, but bounces at 50DMA

GBP is seeing some outperformance versus most of its G10 peers on Wednesday and EUR/GBP is back below 0.9050. The pair slipped beneath its 21DMA but bounced at its 50DMA. The legal passage of the Brexit deal, the announcement of tougher Covid-19 restrictions and the approval of the AstraZeneca vacci

Pull-up Update