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
Category: Industry
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
Markets React to the US Election and Potential Monetary Stimulus
It looks like Joe Biden will be the next US president, however it’s almost been a week since the election and the results haven’t been officially announced yet. The media has proclaimed Biden the winner, however, Biden’s opponent Donald Trump is suing many swing states for alleged vote fraud. Indeed, there are many suspicious occurrences such asRead More
FXCM has announced a new partnership with TradingView
FXCM Group, LLC, one of the leading international brokers of foreign exchange trading, CFD trading, cryptocurrencies and related services, has launched an API-powered integration with TradingView, Inc., the all-in-one financial platform for traders in the equity, cryptocurrency, futures, and FX markets. The integration means that FXCM users will be able to execute orders directly fromRead More
The FCA Board announced about two new appointments
The FCA has today confirmed the appointment of two new Non-Executive Directors to the Financial Conduct Authority (FCA) Board. Jeannette Lichner and Bernadette Conroy will each serve three-year terms beginning on 1 April 2020 and 1 August 2020 respectively. They will join the Board as Amelia Fletcher OBE and Catherine Bradley CBE step down followingRead More