The Breakout Opportunities system has just sold USDJPY at 103.712. The system recommends entering this trade at any price between 103.579 and 103.832. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 5.119, suggesting that the USDJPY may have further...
Chinese corporate bond’s yields spike signalling more stimulus is needed
Investors crowded the issuance of euro-denominated Chinese government bonds yesterday, pushing yields of 5-year notes below zero. They might be betting that the People's Bank of China will ease the economy further even though it seems on the way to recovery. Indeed, some signals in the corporate space point to...
Vaccine news, ETF reductions drive gold correction risk
While the short-term outlook has turned somewhat challenging, the medium term outlook remains favorable for gold and other investment metals.Gold continues to lose momentum in response to recent vaccine announcements and their potential effectiveness in combatting a not-yet-under-control Covid-19 outbreak. In fact today we are seeing emerging market currencies as...
COVID-19 Vaccine: Where are we now ?
While a first wave of high-efficacy vaccines may be near and some countries are already planning to kick off a vaccination campaign as early as next January, people accepting it will certainly be the next challenge, especially in some DM countries like France where vaccine skepticism has significantly increased in...
FX Update: Market sentiment sours, weighs on riskier currencies
The market sentiment has soured since New York City last night warned that all public schools will be closed from today. We also have the specter of an EU budget impasse to consider. In FX, the riskier currencies have headed lower versus the US dollar, with the euro under modest...
Podcast: Market focus zooming back in on near term concerns?
Today we look at the weakness in the US equity market late in yesterday's session, ponder whether the market could struggle to look through the near term Covid-19 doom and gloom, highlight the complacency on the situation in the EU after Poland and Hungary vetoed the EU budget and recovery...
USDCAD is facing bullish pressure | 19 Nov 202
Price is facing bullish pressure from our support where we could see a bounce above this level.
USDCAD is facing bullish pressure | 19 Nov 2020
Price is facing bullish pressure from our support where we could see a bounce above this level.
ETH bounce from support, potential for a further rise
ETH bounced off 461.65 where it could potentially rise further to 505.88 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
ETH bounce from support, potential for a further rise
ETH bounced off 461.65 where it could potentially rise further to 505.88 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks