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…
The Daily Fix
Trader thoughts - market leadership in question Happy Friday - For those who focus on news then we all become political analysts over the coming 24 hours. Well, we can extend that to next week…
Dollar Sell-Off Intensifies, AUD, EUR, NZD Surge Lead…
Summary: The US Dollar sell-off intensified as bearish sentiment toward the Greenback grew with no specific catalyst for the slide. European Union leaders agreed unanimously on a EUR 750 billion coronavirus recovery fund that had…
FX Stuck, Stocks Gain Ground, Defy Continued Spike…
Summary: FX markets were mostly uninterested, trading within recent ranges to closed little changed on Friday. On balance, the US Dollar was modestly lower against most of its rivals. Equities rallied in Europe and the…
USD/CAD is Trading with Clear Positive Bias
[caption id="attachment_368603" align="alignnone" width="615"] USDCAD Hourly (H1) Chart[/caption] USD/CAD: The pair is trading with clear positive bias albeit with limited gains as USD is supported by the broad-based cautious tone in the market. While the…
EUR/USD Edged Below the 1.1300 Handle in the…
[caption id="attachment_368596" align="alignnone" width="620"] EURUSD Hourly (H1) Chart[/caption] EUR/USD: The pair edged below the 1.1300 handle and oscillates in the upper half of the 1.12 handle as EC’s GDP forecast revision and disappointing German industrial…
The 2020 playbook so far
2020 has been a wild year for investors, with a multitude of events that have ranged from the biggest losses in stock market history to now, where we are seeing the best quarter in decades.…
USDCAD is Trading With Dovish Bias in the…
[caption id="attachment_367992" align="alignnone" width="684"] USDCAD[/caption] USD/CAD: The pair is trading with dovish bias in the global market but the price has held above 1.35 handle for the most part. While price did move below 1.3500 marks…
EURUSD is Seeing a Bullish Price Rally with…
[caption id="attachment_368001" align="alignnone" width="683"] EUR/USD[/caption] EUR/USD: The pair is seeing a bullish price rally with the price back above 1.13 handle as better than expected EU area macro data provided a solid boost to EURO…