Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
Forex Technical Analysis & Forecast 03.09.2020
EURUSD, “Euro vs US Dollar” The currency pair keeps developing a wave of decline to 1.1800. After this level is reached, we expect growth to 1.1850. On these levels, a consolidation range may form. This…
The Daily Fix
The 3 most important markets that hold all the clues through 2020 I wrote this last night and thought I'd share as I think its important. Consider that it is just a view and may…
The challenges for Oil
This week we are starting to see oil cuts being rolled back, the historic supply cut agreement we have seen for much of the 2020 year ended on July 31. Concerns over to much oil…
Dollar Weakness Extends, Spreads to Yen; Covid-19 Wave…
Summary: Total Coronavirus cases in the US soared to above the 4 million mark with deaths climbing to 149,771. Preliminary factory and services output underwhelmed in the US while those of Australia, Europe and the…
USD/CAD is Trading with Clear Dovish Bias
[caption id="attachment_369175" align="alignnone" width="632"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: The pair is trading with clear dovish bias, but the decline is very limited as CAD lacks the strength to build rally over the latest changes…
The long-term viability Oil exploration, production and prices
Oil exploration is a dying industry, truthfully, it is the entire oil industry that is heading into a different era. Oil exploration is a difficult, risky, and expensive exercise, it can take years to successfully…
Oil on your Watch List
WTI and Brent have been hovering in the $40 and $43 per barrel respectively, unable to break past the GFC oil price lows. Oil is not the only commodity suffering, with much of the energy sector…
USD/CAD Continues to Trade Flat Despite USD’s Growth…
[caption id="attachment_368425" align="alignnone" width="687"] USDCAD Hourly (H1) Chart[/caption] USD/CAD: The pair continues to trade flat despite USD’s growth in the broad market today. As recent US data-led market rebalancing in the crude oil market helped…