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rodney
rodney
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Move-in date 16 Jan 2018 Joined
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Gold Price Analysis: XAU/USD refreshes two-month high towards $1,950 as risk aversion extends to Asia

Gold remains bid after posting the heaviest gains since November 05 the previous day. Fears of virus strains’ resurgence, cautious sentiment ahead of Georgia runoff favor risk-off mood. US-China tussle and dovish Fed also challenge the market sentiment. Virus updates, US election news will be the ke

Asian Shares Rise On Recovery Hopes

Asian stocks rose broadly on Monday after regional business surveys showed Asian factory activity expanded moderately in December, thanks to robust demand in regional giant China. Chinese shares rose as the latest survey from Caixin revealed the manufacturing sector in China continued to expand in D

Rising equities and slumping dollar greet the new year

Overview: The first day of the New Year, but it feels a lot like last year. The dollar is under pressure, and equities are higher. Outside of Japan and Malaysia, The MSCI Asia Pacific Index extended last week's 3.6% gain. It has not rallied for seven consecutive sessions. Led by mining and energy, E

UK govt debt pool with sub-zero yields jumps in December - Tradeweb

LONDON, Jan 4 (Reuters) - The pool of UK government bonds with a negative yield jumped in December and as a share of the overall market hit its highest since September, data from electronic bond trading platform Tradeweb showed on Monday. According to Tradeweb, almost 1.25 trillion pounds ($1.71 tri

What are the most important Forex Market Regulators?

Photo: google Image The most important forex market regulators cover the jurisdictions where most of the world’s forex brokerage businesses are located. In reality, it is not possible to have forex brokers in every country. The forex market is decentralized and therefore you will see some traders in

Singapore Q4 GDP Grows 2.1% On Quarter

Singapore's gross domestic product climbed a seasonally adjusted 2.1 percent on quarter in the fourth quarter of 2020, the Ministry of Trade and Industry said in Monday's advance estimate. That was roughly in line with expectations following the upwardly revised 9.5 percent spike in the previous thr

Gold Price Analysis: XAU/USD bulls flirt with $1,900 amid mixed clues

Gold refreshes weekly top while rising for the third consecutive day towards the $1,900 mark. Covid woes regain traction even as vaccine hopes strengthen, US-Europe tension escalates without major audience. US $2,000 paychecks pending in the parliament as McConnells keeps a tab ahead of Georgia’s ru

USD/CAD Daily Forecast – U.S. Dollar Continues To Lose Ground

USD/CAD Video 30.12.20. Canadian Dollar Gains Ground Against U.S. Dollar USD/CAD gained downside momentum and is testing the support level at 1.2750 while the U.S. dollar continues to lose ground against a broad basket of currencies. The U.S. Dollar Index declined below the support at 89.75 and made

Croatia Retail Sales Decrease In November

Croatia's retail sales declined at a faster pace in November, data from the Croatian Bureau of Statistics showed on Wednesday. Retail sales in volume terms fell a working day and seasonally adjusted 6.0 percent year-on-year in November, following a 0.7 percent increase in October. On a monthly basis

GBP/USD to test the 1.3575-80 resistance zone amid sustained dollar selling bias

Sustained USD selling bias allowed the GBP/USD pair to gain traction for the second consecutive session and move back above mid-1.3500s as bulls look to seize control but the cable remains at the mercy of USD price dynamics. What’s more, thin liquidity conditions warrant some caution before placing

GRAINS-Soybeans slip from 6-1/2-year high as labour strike ends

(Updates with latest prices) SHANGHAI, Dec 30 (Reuters) - Chicago soybean prices on Wednesday slid from a 6-1/2-year high hit in the previous session, as Argentine soy crushers signed a deal with oilseed workers to end a strike that had been pushing up prices. The most-active soybean contract on the

UK PM Johnson: Brexit bill resolves 'vexed' European question

Ahead of the UK’s parliamentary voting on the Brexit bill, Reuters came out with the excerpts of PM Boris Johnson’s speech, released by his office, during the initial hours of Wednesday’s Asian session. As per the news, UK PM Johnson will say, “Britain will be able to trade with its European neighbo

AUD/USD Forex Signal: Aussie Rising Against US Dollar

Today's AUD/USD signal: Risk 0.55%. Buying trade was activated on Thursday's signals, made a slight profit and has not yet closed. The buy pending the signal for the day will be canceled if the price reaches the target before activating the trade. Long trade ideas Long entry on a pending order from

Gold Price Analysis: XAU/USD flat around the $1880 mark as traders mull what's to come in 2021

Spot gold prices have traded as flat as a pancake on Tuesday around the $1880 mark as traders take a pre-year end breather. Real yields are likely to again be a crucial determinant of gold price action in 2021. Spot gold has traded within tight parameters around the $1880 level over the past 24 hour

GBP/USD Forecast: Selling interest growing around 1.3500

GBP/USD Current price: 1.3492 The UK reported record coronavirus contagions for a second consecutive day. GBP/USD keeps losing bullish momentum, holds amid broad dollar's weakness. The GBP/USD pair managed to advance in the last few sessions but struggled to extend gains beyond the 1.3500 level, pea

Pull-up Update