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<p>Gold is going up. At this point we can see a retracement which could spike the price up off the lower zones. 1565-1570 is the zone where the price might reject off. Buyers are waiting in the zone and we should see the fresh buyers joining once the price retraces. That would constitute the Inverted […]

<p>The Euro edges lower in early Monday’s trading as bulls enter consolidation after record 4% weekly advance last week. Traders took some profits and overbought stochastic also points to consolidative / corrective action before bulls resume. Strong bullish signal was generated on Friday’s close above pivotal barriers at 1.1066/80

<p>EURUSD looks to be mostly neutral after an ascent from the 35-month low of 1.0635 returned the price back above the 1.1000 handle, overcoming the simple moving averages (SMAs) and the Ichimoku cloud. The short-term oscillators reflect a stall in the positive momentum. The MACD, in the negative area, has moved above its red trigger [&hellip

<p>Gold found a strong wall near the 1,644 resistance level as it created an aggressive bullish rally from the 1,454 support area. The price successfully jumped above the 20- and 40-day simple moving averages (SMAs) turning the MACD oscillator higher near its zero line as well. However, the stochastics completed a bearish crossover within its

<p>Nothing has really changed over the weekend. Despite the aggressive lockdowns across Europe, Australasia, the United States and seemingly, every destination in between, the rate of new Covid-19 infections and deaths stubbornly refuses to show any signs of slowing down. “Locked-down for longer” seems to be the mantra that the world is begru

<p>Not surprisingly, last week&#8217;s enthusiasm over the Federal Reserve&#8217;s (Fed) pledge to buy unlimited amount of assets and the US government&#8217;s historical $2-trillion rescue package didn&#8217;t last long. The Dow closed Friday&#8217;s session 4% lower, as S&#38;P500 (-3.37%) and Nasdaq (-3.79%) broke a

<p>Rates: German 10-yr yield loses intermediate support Core bond yield curves bull flattened significantly last Friday. President Trump’s vow to get back to business as usual by Easter was replaced an extension of quarantine measures until April 30. The German 10-yr yield fell below intermediate support. Equity weakness and lower oil p

<p>Gold prices consolidated into the close of last week with an ascending wedge pattern. With price action below the 1655 handle, this suggests a possible pullback to the gains made in the past few days. But the bias remains mixed, however. Only a close above 1655 will confirm further upside. Given the ascending wedge pattern, […]

<p>Oil prices gradually declined to fall back to the support area near the 22.00 handle. This marks a third attempt in the commodity near this level. So far, prices are holding up steadily. However, the bearish price action on the daily chart suggests that there is scope for further downside. At the moment, however, the […]

<p>The British pound is in a strong rally as price action continues to close with daily gains over the last four days. GBP is up nearly 7.80% from the 23rd March close of 1.1540. As price action increasingly looks bullish, it is possible that GBPUSD will be back near the 1.2858 handle. Given that this […]