XAU still on a bullish trendline, more upside ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave...
BTC on Ascending trendline support! | 24th Aug 2020
BTC currently testing ascending trendline support. A break above 11860 should confirm further rise towards take profit and recent swing high level at 12454.
Bipolar world
After the initial pick up in post lockdown demand, plateauing high frequency data, resurgent virus hotpots and mounting SME bankruptcies continue to confirm, as S&P 500 futures take out February's bull market high, the stock market is not the economy.As much as aggressively rebounding equity markets or highflying technology stocks...
Podcast: RNC Convention and Powell Speech in focus this week
Today we look at the strong equity market narrative versus the alarming lack of market breadth in the US, as the megacap rally continues to diverge from the weaker broader market. The Republican convention gets under way today and on Thursday, we await Fed Chair Powell's presentation of the Fed's...
Market Quick Take – August 24, 2020
US equities and the US dollar ended last week on a strong note and the Monday session in Asia continued the good cheer. At the weekend, US President Trump pushed for a COVID-19 treatment and for fast-tracking a UK vaccine candidate. This week, our attention turns to the state of...
AUDCAD facing bearish pressure | 24 August 2020
Price is facing bearish pressure from our first resistance in line with our descending trend line where we could see a reversal below this level.
AUDCAD facing bearish pressure | 24 August 2020
Price is facing bearish pressure from our first resistance in line with our descending trend line where we could see a reversal below this level.
WCU: Gold consolidates strong gains; Downside risks mount for crude
Commodity weekly taking a closer look at the latest developmentsThe commodity sector has maintained positive momentum so far this August with the Bloomberg Commodity Index trading higher for a fourth consecutive month. However, following the pandemic-led collapse during the first quarter, the year-to-date performance remains in the red by 11%....
EURJPY appears overbought
The Congestion Opportunities Strategy has just bought EURJPY at 124.623. The system recommends entering this trade at any price between 124.452 and 124.794. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be overbought, while the Speculative Sentiment Index reading of 1.456 indicates that...
This is what a nation cut off from the rest of the world looks like
Earlier this morning, there has been a couple of Japanese data releases. Japanese consumer price inflation was unexciting with a rate at 0% YoY. While we see some relative price changes in many countries, the basic story for the moment is that inflation will remain low in most countries. In...