Infinox Capital, a global online brokerage, has announced plans to launch an African hub in South Africa and expand into key economic African countries, namely Namibia, Botswana, Mozambique, Tanzania and Ghana. This follows its recent launch of operations in Nigeria. According to Jay Mawji, Managing Director of Infinox Capital, the decision is attributed to theRead More
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2021, a Fresh Start for the Markets or More of the Same?
It’s been a roller coaster ride of a year for the financial markets, with crashes, losses, and unprecedented volatility. West Texas Intermediate (WTI) crude oil prices went negative at one point and still trail below 50 USD. The USD took a big hit, along with the GBP and EUR. The Forex market remained uncertain for mostRead More
10-year US Yields are Breaking from the Triangle Pattern
It looks like the recent rally in the US yields might be over, which could imply further weakness for the USD and more gains for US stocks. The 10-year yield seems to be breaking down from the recent triangle pattern. The support of the formation is currently near 1.075%, and if this level is takenRead More
The USD Rallies and Treasury Yields Rise Following Stimulus Promises
Since last Thursday, the USD has been rallying, and the EURUSD pair dropped from 1.2350 to 1.2150 on Monday. It looks like a stronger correction could be on the way. Newly elected US president Joe Biden has promised trillions in new stimulus, starting with boosting the checks from 600 USD to 2,000 USD. As inflationRead More
Precious Metals Rally into the New Year
The new year started in a bullish mood, and precious metals surged on Monday as it looks like bullish fundamentals are finally starting to matter again. Gold rose 2%, and silver jumped 4% at the time of writing. Still, it seems like gold has finally managed to cancel the medium-term downtrend as the bullion jumpedRead More
2020 A Year to Remember, A Year to Forget: The Monumental Events We Should Learn From
2020 was a rough year for everyone. Forest fires, economic decline, diplomatic tensions, the infamous Covid-19 pandemic, global lockdowns, and a lot of suffering, despair, and lives lost. It’s not a stretch to call 2020 one of the worst years in our lifetime. Still, this year had some redeeming features. Sure it was bad, but itRead More
Precious Metals Still Struggling, But are New Highs on the Horizon?
It looks like precious metals, such as gold and silver, have bottomed out in late November, and a new bull market is ready to begin. Firstly, the more volatile metal, silver, has already broken above the pre-vaccine highs of 26 USD. That might be a confirmation of a new uptrend. Additionally, the metal managed to jumpRead More
The EURUSD is climbing to 1.25. Will the ECB intervene?
The Euro has been on fire, and the EURUSD pair rose above 1.21 hitting May 2018 highs, mostly because of global USD weakness. Last week, the European Central Bank (ECB) increased its pandemic bond-buying program by 500 billion EUR, also extending its duration. Traders had been hoping for more, and as the ECB’s decision was notRead More
Will This Week’s ECB News Disappoint?
Later this week, the European Central Bank (ECB) will meet, and it is widely expected to deliver more easing. As the ECB previously said, it is ready to unveil more stimulus. The stimulus has to be really big. The consensus looks for a 500 billion EUR addition to the PEPP Quantitative Easing (QE) program andRead More
The USD Drops to 30-Month Lows, What’s next?
The US dollar has been dropping nonstop since the election in early November, and it has declined to 30-month lows this week, with the dollar index trading at around 91.40. Moreover, the index dropped to new lows from a technical analysis perspective, which confirmed the bearish bias. That has pushed the EURUSD above the importantRead More